Tel Aviv Stock Exchange May Buy New Trading Platform, CEO Says

The Tel Aviv Stock Exchange will make a decision on a new trading platform by the end of the year, said Chief Executive Officer Ester Levanon.

The bourse would “prefer to buy an existing system from a leading exchange” rather than develop its own, Levanon told reporters at a breakfast in London today. “By the end of 2011, we will know what direction we are taking, then we will start planning.”

To contact the reporter on this story: Namitha Jagadeesh in London at njagadeesh@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net

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