Against the recent backdrop of turmoil on the streets of Istanbul, newly created exchange operator Borsa Istanbul has been busily putting the final touches to the integration of a number of the nation’s bourses, finds Roger Aitken.
Today, derivatives exchanges in
Turkey begin operations under the newly created entity of Borsa
Istanbul (BIST) that replaces the branding of the Istanbul
Stock Exchange and follows the merger of the
country’s capital markets.
The new structure is anticipated
to prove positive for Turkish capital markets. Besides the
merger of the Turkdex, the Turkish derivatives market with
Borsa Istanbul Futures & Options Market (VIOP), BIST is
also integrating the Istanbul Gold Exchange.
creation arises from the Capital Markets Board Law (No. 6362)
that came into force at the end of 2012. The
new law is intended to create a more transparent, efficient and
competitive environment for the capital markets in Turkey,
increase the numbers and types of institutional investors and
help achieve coherence with EU capital market regulation.
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