Israel Bourse CEO Lays Out Plan to Boost Struggling Exchange
- CEO aims to grow retail trading, financial offerings on bourse
- Trading volumes have fallen 40 percent over past six years
This article is for subscribers only.
The new chief executive officer of Israel’s stock exchange plans to broaden its offerings of financial products and ease the regulatory burden on companies and investors, as it aims to reverse the trend of sagging trading volume and share listings.
Itai Ben-Zeev, who became Tel Aviv Stock Exchange CEO in January, unveiled his strategy at a press conference Tuesday. The plan calls for reduced regulation to encourage local institutional investment in Israeli stocks, introduces the securitization of loans such as mortgages, and seeks to boost retail trading.