(Times of Israel) Sharon Wrobel - The Israel Securities Authority (ISA) said Wednesday it did not find any abnormalities in share trading in the days ahead of the Oct. 7 Hamas onslaught, responding to U.S. claims that there were informed investors who may have profited from prior knowledge. The ISA said it operates a technological intelligence system which continuously monitors for abnormalities during all trading hours. Yaniv Pagot, head of trading at the Tel Aviv Stock Exchange, exposed why the researchers' calculation was inaccurate, noting that share prices on the local exchange are quoted in agorot and not shekels. There are 100 agorot in each shekel. Saar Golan, a trader at Bank Leumi, wrote that "the professors made some calculations, but just forgot to divide by 100." So the reported profit of the transactions "was NIS 32 million and not NIS 3.2 billion."
2023-12-07 00:00:00Full ArticleBACK Visit the Daily Alert Archive