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☆ Tel Aviv bourse says no unusual trading ahead of Oct 7 Hamas attack
▼ + stars: | 2023-12-05 | by ( Steven Scheer | ) www.reuters.com time to read: +3 min

JERUSALEM, Dec 5 (Reuters) - The Tel Aviv Stock Exchange said on Tuesday that a report by U.S. researchers suggesting there were investors in Israel who may have profited from prior knowledge of Hamas' Oct. 7 attack was inaccurate and its publication irresponsible. "There was nothing unusual in short positions in the stock exchange in the two months before the attack." "The ISA's examinations found, inter-alia, that the average short balances for shares traded on the Tel-Aviv Stock Exchange declined during the period preceding October 7th," the regulator said in a statement. Their report said "short interest in the MSCI Israel Exchange Traded Fund (ETF) suddenly, and significantly, spiked" on Oct. 2, based on data from the Financial Industry Regulatory Authority (FINRA). He also said the short position in Leumi was taken by an unidentified Israeli bank known to the TASE.

Persons: Robert Jackson Jr, Joshua Mitts, Yaniv Pagot, Pagot, Mitts, Steven Scheer, Mark Potter, Leslie Adler Organizations: Tel Aviv Stock Exchange, U.S, New York University, Columbia University, Hamas, Reuters, Israel Securities Authority, Tel, Aviv Stock Exchange, ISA, Leumi, MSCI Israel, Fund, Financial Industry Regulatory Authority, Thomson Locations: Israel, Leumi, Israel's, agorot, MSCI

☆ Israeli regulators are looking into unusual trading prior to October 7 attack
▼ + stars: | 2023-12-05 | by ( Matt Egan | ) edition.cnn.com time to read: +3 min

CNN —Regulators in Israel are aware of and reviewing research that suggests some unknown traders may have had advance knowledge of the October 7th Hamas attacks. “This subject is known and is being thoroughly checked,” Sivan Carmon, a spokesperson for the Israel Securities Authority, told CNN in a statement on Tuesday. The ISA, the Israeli equivalent of the US Securities and Exchange Commission, is charged with fighting securities fraud, insider trading and other market abuse. Experts urged regulators to investigate the matter, including by looking at nonpublic market data that researchers did not have access to. “Of course, that’s quite different from trading based on inside knowledge of terrorist attacks,” Whitehead said.

Persons: ” Sivan Carmon, hasn’t, Yaniv Pagot, ” Pagot, ” Charles Whitehead, Whitehead, ” Whitehead, ” – CNN’s Gayle Harrington Organizations: CNN, Regulators, Israel Securities Authority, Columbia University, New York University, ISA, US Securities and Exchange Commission, Industry Regulatory Authority, Israel, Fund, Tel Aviv Stock Exchange, Bank Leumi, Cornell Law School Locations: Israel, Gaza, San Francisco

[1/2] The Bank of Israel building is seen in Jerusalem June 16, 2020. Israel's central bank has played its part too with a flurry of support measures, and has stayed away from rate cuts. At the outset of the war, markets were stunned. "The Bank of Israel took very aggressive action," said Gil Moshe, the head of markets at the Israel unit of U.S. bank Citi. Looking to next year, Shmuel Katzavian, a strategist at Israel's Discount Bank, expects the shekel to continue to strengthen.

Persons: Ronen, Israel's, Yaniv Pagot, Amir Yaron, Geoff Yu, Gil Moshe, Pagot, Shmuel Katzavian, Steven Scheer, Marc Jones, Jan Harvey Organizations: Bank of, REUTERS, Rights, Tel Aviv Stock Exchange, Reuters, U.S . Federal Reserve, BNY Mellon, Reuters Graphics, Israel, Citi, Israel's Discount Bank, Thomson Locations: Bank of Israel, Jerusalem, Gaza, Iran, Lebanon, Israel's, Israel, U.S, London

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