Israeli Stock Exchange on Track With Plans to Attract Investors

The CEO of the Tel Aviv Stock Exchange, Yossi Beinart told investors at an Israel Investment Summit in New York that the recent election won't disrupt plans to make the exchange more attractive for companies and investors. The exchange is moving forward with proposal that include allowing Israeli companies to report financials using U.S. GAAP accounting standards. The exchange is also launching a new index for Israeli high-tech companies, as it seeks to keep those companies listed on the exchange and boost liquidity. Beinart says there's money to invest in Israel, but there needs to be more investment choices.