Magazine: Turkish Capital Markets are Undergoing a Historical Conversion Process


Those that study the history of the Turkish economy and finance will doubtless accept the current era as a milestone in the development process of Turkish stock exchange and capital markets. 



DR. M. İBRAHİM TURHAN

Those that will study the history of the Turkish economy and finance will doubtless accept the current era as a milestone in the development process of the Turkish stock exchange and capital markets.

Significant steps, all of which would have taken decades - were realized in only a short period. For example, the enactment of the new Capital Markets Law at the end of 2012; the demutualization of Borsa İstanbul - convening exchanges, trading various asset classes, under a single roof; new markets and product launches; a strategic cooperation initiated with NASDAQ OMX; and technological investments.

While the Turkish capital markets are undergoing a historical conversion process, we are excited to share with you the new steps made during this historical process in each new issue.

Despite the increasing number of financial engineering products as a result of the improving technology, and the increasingly larger and more complex financial system along with globalization, we should always keep in mind that the basic function of the capital markets is to bring together “savers and those in need of funds”.

Capital markets are successful to the extent that they serve domestic and international investors in the best way, and offer companies the opportunity to access the funds they need in the most reliable and efficient way possible. In order to perform this vital function more effectively, Borsa İstanbul will launch the Private Market at end-October 2014.

The most important feature of this new Market is that it offers financing and liquidity facilities for start-up and rising companies without going public.

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Borsa İstanbul brings together all the exchanges operating in the Turkish capital markets under a single roof.