TASE Block Trade in Israel
Block-trade financing and discreet execution for large lines listed on Tel Aviv Stock Exchange (TASE) — Israel principal cash-equity venue.
From enquiry to print.
| — | Stage | What happens | Timing |
|---|---|---|---|
| 01 | Confidential enquiry | The line, the holding and the objective, shared through a secure channel. | Day one |
| 02 | Pricing the block | The line is sized and a price set against it; any discount reflects size and liquidity. | 1–2 days |
| 03 | Execution & print | Worked off the order book or negotiated, then printed under the exchange’s block-trade rules. | On the day |
| 04 | Settlement & disclosure | Settles on the standard cycle; any substantial-holding disclosure is sequenced around the print. | T+1 / T+2 |
About Tel Aviv Stock Exchange.
Tel Aviv Stock Exchange is the principal cash-equity venue of Israel. Founded in 1953, it operates under the oversight of Israel Securities Authority (ISA), and its leading benchmarks are TA-35, TA-125, TA SME 60. Listing standards are set out in the TASE Rules and Regulations; Israeli Securities Law.
TASE at a glance:
| Listed venue | Tel Aviv Stock Exchange (TASE) |
|---|---|
| Regulator | Israel Securities Authority (ISA) |
| Currency | ILS |
| Settlement | T+1 |
| Disclosure threshold | 5% |
| Principal indices | TA-35, TA-125, TA SME 60 |
The principal Israeli equities venue, with a substantial overlap with US-listed dual-listed Israeli technology and biotechnology issuers. The dual-listing regime materially affects structuring for technology positions.
On TASE, a block can be executed through the exchange’s block-trade facility — ISA-approved and operating since November 2024 — which prints a pre-arranged transaction without price impact or information leakage, moving turnover but not the last price; or agreed off-exchange and reported to the TASE Clearing House through members. Eligibility and sizing turn on the name: TA-35 and TA-125 liquidity absorbs a large line, TA SME 60 and TASE UP names less so. For dual-listed issuers, the depth on the foreign primary market and any lock-up or interested-party position feed into how the line is worked.
What qualifies on TASE.
TASE ranks among the deepest equity pools anywhere; eligibility turns on the stock itself — its free float, daily traded volume, and how concentrated the line is.
For any given TASE position, our review looks at: free float and daily traded volume against the size of the transaction; your status (controlling shareholder, director, substantial shareholder) and the disclosure that follows; the issuer’s sector and listing segment; and what the transaction must do (LTV, tenor, currency, recourse, custody).
Framework cited on TASE.
The principal regulatory reference on TASE is Securities Law. How it applies to any single transaction — reporting levels, step thresholds — turns on the underlying rules and national-law overlays, which we map against your contemplated transaction at the structuring stage alongside the counsel you appoint.
The citations above are public regulatory references, given for orientation only and not as legal advice. Take independent legal advice in the relevant jurisdiction for any specific transaction.
What holders ask about TASE.
01How is a large block reported on TASE?
02How is a block printed on TASE?
03Which TASE segments do you handle?
04Does large-holding disclosure apply?
05What is the substantial-holding threshold on TASE?
06How does a TASE block settle?
07Can you handle a block for an offshore seller on TASE?
Other venues.
Saudi Arabia · United Arab Emirates · South Africa · Qatar · Kuwait · Egypt
Related guides.
What Is a Block Trade, and How Does One Work?
A block trade is the off-market sale of a large line of listed shares at a negotiated price, executed bilaterally and printed under exchange rules to avoid moving the open market.
Read → Block TradesHow Do You Sell a Large Block of Shares Without Moving the Price?
A large block is sold without moving the price by taking it off the open order book — negotiating off-market at an agreed price, often with a liquidity provider taking the risk, and printing under exchange block rules.
Read → DisclosureDo Block Trades Have to Be Disclosed?
Often yes. Once a significant shareholder crosses a market’s substantial-holding threshold, a block sale is generally notifiable to the regulator within a set window, with thresholds varying by jurisdiction.
Read →A particular TASE holding to talk through?
Send a confidential enquiry, and a senior principal will reply within one business day.