Order Rejection on the Tel Aviv Stock Exchange (TASE)

According to the TASE regulations each stock has a minimum order size for regular trading.  The size is a stock specific calculation of a minimal monetary value at the beginning of each month. Where the value for a stock in the TA-35 index is 5000 NIS and anything outside of this is 2’000.

Please note: When an order is rejected by the exchange you will receive minimum size required by the exchange.
 
  • Example
    • Minimum Size Calculation Example:
      • Bank Leumi closing price is 1000 NIS on the 1st of the Month
      • Min Size is 5000/1000 = 5
    • Order Placement
      • Successful order: 5 LEUMI Shares
      • Unsuccessful order: 4 LEUMI Shares
In order to place an opening or closing order through during continuous trading you must input an order of 5
 
During the Opening and Closing Auction you may initiate any size limit order
 
For further information on the minimum order size please refer to

 
TASE Schedule in IST

 
Sunday
Mon - Thurs
Pre-Opening start
9:00
Theoretical Price start
9:10
Opening Auction start
9:45-9:46*
Continuous Trade Phase Start
9:45-9:46*
Pre-closing & theoretical prices start
16:14 -16:15*
17:14-17:15*
Closing Auction & end of trade
16:24 -16:25*
17:24-17:25*