Management of IBI Investment House opened trading this morning in celebration of its 5 decades of TASE membership.
As a TASE member, IBI provides a broad range of trading services, including trading and custodianship services for securities and derivatives in Israel and abroad, acting as a primary dealer for close to 140 companies, foreign exchange conversions, hedging services, and research and consulting services for the institutional market and qualified clients.
On average, IBI accounts for 5% - 10% of the trading volumes on TASE, and the TASE member's revenues constitute about 36% of IBI Investment House's total revenues. IBI's TASE member employs around 130 employees, half of whom are capital market traders and analysts.
IBI Group, the parent company of IBI Investment House, was founded in 1971 by three families - Lubetzky, Weisberg and Kook, who remain partners to this day. IBI Group was listed on TASE in 1984, about 40 years ago.
Over the past 4 years , the number of trading accounts opened by the public has surged, a trend that continues to gain momentum, in light of the user-friendly digital solutions that make trading on TASE more accessible than ever.
Trading activity is crucial to upgrading the market and enhancing competition vis-à-vis the banking system.
Livnat Mizrahi-Rinsky, CEO of IBI’s TASE member: "The Company has come a long way since it was established and became a TASE member 50 years ago. The market underwent many disruptions and hit a few bumps, but we endured them successfully. We owe this exceptional achievement to the vision and hard work of Zvi, David and Kooki, who built this firm when few people had an understanding of the capital market and before most of us were born. And we would not have accomplished extraordinary triumphs without Dave, Iddo, Ron and Elah, who think ahead and cultivate an impressive backbone of excellent managers and employees. Over the years, we have pledged our commitment to values such as uncompromising professionalism and service alongside innovation and creativity. We proudly provide trading and execution services to a wide range of clients in all our areas of expertise and are dedicated to providing the most professional and quality service. IBI SMART, the trading app developed by IBI's TASE member, is designed to provide a smart and simple solution for independent trading on TASE. The app, designed to address users' needs, was developed by an "in-house" team of developers and programmers. It provides unique trading options, including virtual trading via a "demo," receiving real-time information and quotes, analyst ratings and shares covered by TipRanks, BridgeWise’s AI-generated financial statement analysis, news, articles and current reports, analysis of stakeholder activities - all to encourage traders to make the best and smartest investment decisions."
Adi Barkan, VP and Chief Compliance Officer at TASE, said: "In this challenging period, we place emphasis on strengthening the local capital market. IBI also improves the accessibility of the capital market with its digital trading tools, benefitting the capital market, investors, and the Israeli economy. We wish the company's management and employees success and continued growth."
In the picture from right to left: Iddo Kook, Chairman of IBI Investment House; David Weisberg, Partner and Founder of IBI Investment House; Emanuel Kook, Partner and Founder of IBI Investment House; Livnat Mizrahi-Rinsky, CEO of IBI Brokerage; Dave Lubetzky, CEO of IBI Investment House; Adi Barkan, EVP, Chief Compliance Officer at TASE, and Ittai Ben Zeev, TASE CEO.
Photography credit: Liat Mandel. Authorized for use for no consideration.
