According to the Tel Aviv Stock Exchange (TASE) regulations each stock has a minimum order size for regular trading. The order 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 5,000 NIS and anything outside of this is 2,000 NIS.
Please note: When an order is rejected by the exchange you will receive the minimum size required by the exchange.
- Example
- Minimum Size Calculation Example:
- Bank Leumi share's 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
- Minimum Size Calculation Example:
To place an opening or closing order during continuous trading you must input an order of at least 5 shares and during the Opening and Closing Auction you may initiate any size limit order.
TASE Schedule in IST
| Mon-Thurs | Fri | |
| Pre-Opening start | 9:25 | 9:25 |
| Opening Auction start | 9:59-10:00 | 9:59-10:00 |
| Pre-closing phase | 17:14-17:15 | 13:34-13:35 |
| Closing trading phase | 17:24-17:25 | 13:44-13:45 |
| End of TAL trading phase | 17:30 | 13:50 |
Additional Information
- The minimum order size please refer to the TASE website.