Q: The Istanbul Stock Exchange was founded in 1985 and together with the gold exchange and derivatives exchange, it was combined into Borsa Istanbul in April 2013. How has the exchange evolved?
A: The past three years were a period of substantial change for both our capital markets and Borsa Istanbul. With the enactment of the new Capital Markets Law in December 2012, Borsa Istanbul became a joint stock company and separate exchanges of Turkey – offering a fair, transparent and efficient environment for the trading of wide variety of securities including equities, exchange-traded funds, warrants, government and corporate bonds, repo and reverse-repo agreements, derivatives, gold, selected commodities and sukuk – merged under the umbrella of Borsa Istanbul. We are also the only provider of post-trade services – namely, central clearing, settlement, custody, and registration – in Turkey through our affiliates Takasbank [a clearing and settlement bank] and MKK [the central securities depository of Turkey].
