Bourse İstanbul Inaugurated In Gong Ceremony

Turkish Prime Minister Recep Tayyip Erdoğan banged the gong on Friday to open Borsa İstanbul (Bourse İstanbul), a combined entity comprising the İstanbul Stock Exchange (İMKB) and local gold and derivatives exchanges.



Deputy Prime Minister Ali Babacan announced on Wednesday that the 28-year-old İMKB has come together with the İstanbul Gold Exchange and the Derivatives Exchange (İAB) under a single roof called Borsa İstanbul, or BIST.



The bourse was inaugurated in a ceremony on Friday attended by Erdoğan, Deputy Prime Minister Ali Babacan, EU Affairs Minister Egemen Bağış, Capital Markets Board (SPK) Chairman Vahdettin Ertaş and İbrahim Turhan, the recently announced head of the body.



Speaking at the ceremony, Erdoğan described the opening of the bourse as a historic move which he said will contribute to the project to make İstanbul an international financial center.



The launch of a single bourse, or stock exchange, in the financial capital of İstanbul is part of a new Turkish law regulating capital markets. The law was published in the Official Gazette on Dec. 30, 2012. The decision to bring the separate trading entities under a single management arrives as part of plans to make İstanbul a regional financial center. The bourse plans to introduce index options in the second quarter of 2013 and foreign exchange options will start trading before the end of the year.



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Friday, April 05, 2013 ISTANBUL, TÜRKİYE Source: CHA



VAR Premier touring exhibition before gong ceremony



VAR Premier at hall before gong ceremony



VAR Premier, officials at gong ceremony



VAR Bourse



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