Borsa ISTANBUL
Borsa Istanbul is the sole exchange entity of Turkey, combining the former Istanbul Stock Exchange (ISE), the Istanbul Gold Exchange, and the Derivatives Exchange of Turkey. The ISE was founded in early 1986 as an autonomous, professional organization. With historical roots going back to the Dersaadet Bonds Market in 1873, Borsa Istanbul completed its demutualization and incorporation in 2013. Since then, Borsa Istanbul has undergone significant changes, including the launch of the Swap Market and Committed Transaction Market in 2018. These changes have contributed to Borsa Istanbul's evolution into a modern and dynamic exchange, serving as a hub for Turkish and regional financial assets in future capital markets.
Borsa Istanbul offers a wide range of securities for trading, including equities, debt securities, warrants and certificates, and exchange-traded funds. Trading orders are transmitted in the currency of issue of the security, with a price base of 100 units. The Debt Securities Market comprises the Outright Purchases and Sales Market, where secondary market transactions of debt securities are conducted[8]. Bearer and registered equities may be traded on Borsa Istanbul if authorized by the company's board of directors through blank endorsement. These securities provide investors with diverse investment opportunities and contribute to the overall growth and stability of the Turkish economy.
Borsa Istanbul plays a crucial role in the Turkish economy, serving as a platform for capital raising and investment[5]. As a self-regulatory entity, Borsa Istanbul aims to contribute to the growth of the Turkish economy and become a global integrated marketplace for Turkish and regional financial assets[10]. The exchange's market price is around $237 billion, highlighting its significance in the Turkish financial landscape[11]. Borsa Istanbul's importance in the Turkish economy is further underscored by its role in supporting the country's efforts to become a regional trading hub. As such, Borsa Istanbul remains a vital component of the Turkish financial system, providing a platform for investment, capital raising, and economic growth.
