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The Tel-Aviv Stock Exchange Ltd. (TASE) is an Israel-based entity primarily involved in managing a securities exchange. Over the years, TASE has evolved significantly, transitioning from manual to fully automated trading systems and expanding its services to include a wide range of securities. It operates through wholly-owned subsidiaries, such as The TASE Clearing House Ltd (TASE-CH), engaged in the clearing and settlement of securities, and The MAOF Clearing House Ltd (MAOF-CH), which deals with issuing options and futures (derivatives) and providing clearing services for these derivatives. The company is headquartered in Tel Aviv-Yafo, Israel, and its shares are listed on the Tel Aviv Stock Exchange.