The Tel Aviv Stock Exchange (TASE) and the Cyprus Stock Exchange (CSE) signed a Memorandum of Understanding to enhance cooperation between the two exchanges.
The signing ceremony was attended by the Cypriot and Israeli presidents.
Under the agreement, representatives of the exchanges will share information pertaining to activity, developments and regulatory changes in the respective markets. TASE has signed similar agreements with the London Stock Exchange, NASDAQ/OMX, NYSE-Euronext, the Shanghai Stock Exchange and TMX Group, owner of the Toronto Stock Exchange.
TASE Chairman of the Board, Saul Bronfeld, and CEO, Ester Levanon, signed on behalf of the Tel Aviv Stock Exchange, while CSE Chairman George Koufaris, and CEO, Nondas CI. Metaxas signed on behalf of the Cyprus Stock Exchange.