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In accordance with the 40th
article of Capital Market Law no. 2499, TURKDEX is the first private
exchange in Turkey, established on the Cabinet’s resolution no. 2001/3025
which has been officially announced through Official Gazetta, dated October
19, 2001,
following the State Ministry’s resolution no. 2381, dated September 3, 2001
on the basis of approval statement no. 9/1101 of Capital Markets Board of
Turkey, dated August 17, 2001.
TURKDEX,
started its operation right after the company was registered in Registry of
Commerce. This registration was officially announced through the Gazetta of
Registry of Commerce, dated July 4, 2001.
Share holders
of TURKDEX are as follows;
-
The Union of
Chambers of Commerce, Industry, Maritime Trade and Commodity Exchanges of
Turkey,
is the greatest representative of business environment with chambers and
exchanges more than 350 and with members more than 1 million.
-
Izmir
Mercantile
Exchange,
is the institution, taking a leading role in the establishment of Turkdex,
with a background of experience and knowledge going beyond a century.
-
Istanbul
Stock Exchange (ISE),
is an internationally well known stock exchange of Turkey.
-
Is Investment
Securities,
is a subsidiary of Is Bank which is one of the most reputable and
financially solid banks of Turkey.
-
Yapı ve Kredi
Bankası,
is one of the most reputable and financially solid banks of Turkey.
-
Türkiye Vakiflar
Bankası T.A.O.,
is one of the most reputable and financially solid banks of Turkey.
-
Garantibank,
is one of the most reputable and financially solid banks of Turkey.
-
Akbank,
is one of the most reputable and financially solid banks of Turkey
-
Industrial
Development Bank of Turkey,
is the bank financing medium and long-term investments and it is owned by
a consortium of well known banks of Turkey
· ISE
Settlement and Custody Bank,
is the institution that is in charge of realizing clearing transactions and
custodian services for brokerage houses and banks that are authorized for
capital market operations.
· The
Association of Capital Market Intermediary Institutions of Turkey,
is a public organization which aims to contribute to development of
the capital market and intermediation activities.
Futures and
options exchanges are one of the main institutions of liberal economic
systems. Although negative developments hurt the financial markets in recent
years, trading volumes of futures exchanges have continued to increase
during that period. 2007 figures indicate that trading
volume of
futures exchanges has exceeded USD
2.2 quadrillions
and approximately
15
billions contracts have been
traded.
In a free
market economy prices are determined by
supply and demand.
In Turkey, privatization has been gradually increasing and the governments
implement policies to provide such a free market. In addition to that free
capital flows between countries are encouraged and the restrictions on this
are being
abolished in relevance with new
legislations enacted.
As a result of
such developments in terms of a free market
economy
almost every company in the
country
is becoming more sensitive to
global economic fluctuations.
Therefore the
need for risk management tools is
obvious
and
with this intention Turkdex is offering
significant opportunities and instruments to those who need to manage such
risks.
In order to meet
these needs
more efficiently, Turkdex continues to work
on
both
design of the exchange
and development of new products. |