Tel-Aviv Stock Exchange to computerise Derivative Trading

The Board of Directors of the Tel Aviv Stock Exchange has approved the adoption of the Tel Aviv Continuous Trading (TACT) system to derivatives trading. Computerised trading will start on October 17, 1999. After that date, options and futures will be traded via the TACT system that is already used for shares, bonds and T-bills. This will create a single trading platform for both the TASE futures and cash markets