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The Tel Aviv Stock Exchange (TASE) will permit third-parties to use the prices of TASE-listed securities to calculate indices free of charge, subject to licensing terms posted on the TASE website. The TASE board of directors approved a resolution to this effect during its 6/5/2010 board meeting. Fees for using real-time data will remain unchanged.
The TASE CEO, Ester Levanon, stated, “Israel’s upgrade by MSCI to developed market status has generated extensive interest among leading international index vendors keen on developing indices on TASE-listed securities. We believe that by “setting the price data free” we will facilitate their use by vendors in Israel and abroad and will thereby encourage TASE activity by foreign and local investors alike.”
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