Euronext expands global reach to Israel

Euronext expands global reach to Israel

Euronext expands global reach to Israel

The FINANCIAL -- Euronext on September 1 announced that it has received approval from the Israeli Securities Authority (ISA) to allow Israeli based qualified trading firms to have direct access to Euronext’s cash and derivatives markets.

The agreement will allow Israeli based firms to trade cash and derivatives on the regulated markets operated by Euronext.  In addition, Euronext will now be able to promote its products locally with such qualified firms, according to Euronext.

Lee Hodgkinson, Head of Global Markets and Sales and CEO of Euronext London, said, “In line with the impressive entrepreneurial and technological development of the country, Israel’s financial services community has rapidly evolved.  The Israeli trading community is agile, innovative and highly-competitive, with a strong appetite for diversification and direct access to highly liquid international markets.  We are delighted to be able to offer Israeli trading firms the opportunity to trade directly on our markets and to increase our diverse product offering to a new key geography.”

Eyal Bakshi, CEO of Barak Capital, said, “Barak Capital congratulates Euronext for being authorized to do business in Israel. We welcome the opportunity to improve liquidity and trade over Euronext's European benchmark indices.”

Lior Finkler, Senior Director - Prime Services, Meitav Dash Brokerage, added, “Meitav Dash congratulates Euronext on its regulatory approval as an authorized exchange to attract and promote new business in Israel. We believe this will open a new window for local market-makers and professional traders who seek new investment opportunities.”