ISRAEL: TASE Upgrades Clearing & Settlement Systems

Tuesday March 11 2025

On 10^th March 2025, the Tel Aviv Stock Exchange (TASE) in coordination with the Israel Securities Authority, proposed a consultation concerning the upgrading of the core systems at the TASE Clearing House, with the aim of developing and integrating advanced clearing & settlement solutions in Israel as well as innovative models that build on groundbreaking technologies in the field, on par with leading international standards, thereby facilitating the upgrading of the local capital market and improving its accessibility to international investors and financial institutions, while also enhancing the competition in the local capital market.

TASE believes that the development and upgrading of the clearing & settlement systems are crucial to its ability to prepare for upcoming developments in the Israeli capital market in the coming decades. As part of the process, TASE will work to adapt the advanced technological systems to support the clearing & settlement activity in Israel by examining and advancing, inter alia, infrastructure solutions for the clearing & settlement of innovative products, the provision of direct clearing & settlement services to end customers, the upgrading of the connectivity and links with financial market infrastructures and international investors, the promotion of advanced and innovative monetary clearing solutions, the development of solutions and services for alternative products and more.

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