The Tel Aviv Stock Exchange is considering launching options
on Israeli government bonds, and is talking to the
country’s Treasury about the project, its chief
executive Ester Levanon told Futures and Options Intelligence,
the sister news service to FOW.
Bonds are an even more liquid segment of the
TASE’s business than the stockmarket, Levanon
said. Plans are on the table to launch options on Shahar
— non-index-linked government bonds with maturities of
five to seven years, which have a high market capitalisation
and busy daily trading.
The Tel Aviv exchange previously listed futures on Shahar
bonds, but they failed to take off.
This year the TASE has launched options on the stocks of
Israel Chemicals, a fertiliser maker, and Israel’s
two biggest banks, Bank Hapoalim and Bank Leumi.
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