Brief

Israeli Regulator Issues Warning About Two Algorithmic Trading Firms

Emerald Base Ltd., which represents Trade Station Ltd. in Israel, and TradeStation Securities Inc. have not received regulatory approval from the Israel Securities Authority

The Israel Securities Authority issued a warning to investors on Thursday about two algorithmic trading companies.

 

In a Facebook post on its official pages, the Authority said that Emerald Base Ltd., which represents Trade Station Ltd. in Israel, and TradeStation Securities Inc. are not under the regulator’s supervision.

 

The post is meant to dispel false information circulating on social media that could lead investors to believe that the two companies have received regulatory approval to operate in Israel, the Authority said.

 

The Tel Aviv Stock Exchange. Photo: Bloomberg