The Tel Aviv Stock Exchange's AI Translation Initiative for Global Investor Accessibility
Tel Aviv Stock Exchange Launches AI Language Translation Initiative
In a remarkable effort to boost the visibility of TASE-listed companies among global investors, the Tel Aviv Stock Exchange (TASE) has launched a new initiative in partnership with the Israel Securities Authority (ISA). This innovative move promises to enhance global accessibility to financial reports by leveraging AI-powered English translations.
On March 4, 2025, TASE announced this ground-breaking initiative designed to facilitate and improve access to information related to Israeli public companies. The previous phases of this joint project have focused on strengthening the Israeli capital market and maximizing the exposure of listed companies.
The Need for Improved Accessibility
A study conducted by TASE highlighted a glaring issue: out of the 487 publicly listed companies on the TASE, only 100 provide their reports in English. Furthermore, just 33 companies from the TA-125 Index (which excludes dual-listed ones) offer their reports in English. This significant gap has prompted TASE to take action.
Recognizing the necessity of bridging the information divide for foreign investors, TASE has enlisted the help of the Israeli fintech firm, TipRanks. TipRanks is tasked with developing a sophisticated AI-driven system that will translate immediate reports into English. These translations will be made available on the upgraded English version of the MAYA website, allowing investors worldwide to access timely financial information.
The AI Translation Services
The new translation service will initially cover only text-based reports, with plans to extend this to include tables, charts, and comprehensive financial statements in subsequent phases. This service is set to launch in a beta format, focusing initially on companies listed in the TA-125 Index.
It is important to note that while these translations are aimed at aiding international investors, they are not meant to replace the official reports issued in Hebrew. Instead, they serve as convenient access points for those who may face language barriers.
Aiming for Global Integration
With this initiative, TASE is poised to become one of the first stock exchanges globally to implement a comprehensive AI translation system for public company reports. This move aligns with TASE’s strategy to position itself favorably in the global market, ultimately encouraging foreign investments in the Israeli capital sector.
The development is a strategic component of TASE’s transition to a Monday through Friday trading week, anticipated to be fully operational by early 2026. By breaking down language obstacles, TASE enhances foreign investors' ability to engage with and invest in Israel's public companies seamlessly.
In conclusion, this advanced translation initiative marks a pivotal step forward for the Tel Aviv Stock Exchange. It not only aims to strengthen the connections between Israeli companies and global investors but also fortifies Israel's standing in the international financial community. As TASE progresses through these innovative enhancements, it will undoubtedly attract increased foreign investment, nurturing a more robust and globally interconnected capital market.