Tel Aviv Stock Exchange (TASE) provides regulatory services to stock exchanges, broker-dealers, investment advisors, mutual funds, and public utility holding companies. The company offers investor information including online publications, interactive tools, Internet and online trading, investor alerts, and corporate bankruptcy; news and press releases and special studies; and litigation information including federal court actions, trading suspensions, rules of practice, commission opinions and orders, and administrative proceedings. Additionally, it provides an electronic trading system for shares, bonds, treasury bills, and derivatives; clearing, settlement and custody services; and acts as a central securities depository. TASE was formed in 1953 and is based in Tel Aviv, Israel.