Deutsche Bank is now providing direct access to the Tel Aviv Stock Exchange, allowing institutional clients to access the bourse through the German bank’s Autobahn Equity business.
“Tel Aviv becomes the 75th equity market offered by Autobahn, which underscores our commitment to emerging electronic markets,” said Andrew Morgan, head of Autobahn Equity Europe.
Autobahn has been connecting clients to Deutsche Bank’s capital markets products and services since 1996. The business was originally launched as an execution tool but now provides an integrated service, delivering electronic access to Deutsche Bank’s sales, trading and research offerings as well as seamless access to transaction banking services.
The Tel Aviv stock exchange has a market capitalisation of US$160 billion in equities and US$195 billion in bonds. Over 600 companies list equities on the exchange. Average daily volume so far for 2011 is US$520 million.