Borsa

Turkey's Borsa Istanbul has developed a blockchain-based system for healthy information flow among financial institutions, it announced on Sept. 5. 

Turkey's main stock exchange Borsa Istanbul has started work on setting up a swap market, beginning with foreign currency markets, it said in a statement on Aug. 27. 

Turkey's main stock exchange, Borsa Istanbul, has said it has converted all of its cash assets into Turkish Lira to show its confidence in the country's economy. 

President Recep Tayyip Erdoğan said on Sept. 8 Turkey would reorganize its $40 billion sovereign wealth fund after dismissing the organization's chairman over its failure to meet targets since it was founded a year ago.

Turkey is set to remove obstacles before companies that cannot trade on Borsa Istanbul due to their inability to generate period profits because of their investment financing expenses, Deputy Prime Minister Mehmet Şimşek has said. 

Turkey's Mavi Jeans on June 15 floated on Borsa Istanbul with a share price of 43 Turkish Liras (over $12), giving the company a market capitalization of over $700 million.        

Halk Investment CEO Murat Çetinkaya was elected as the new CEO of Turkey's main stock exchange Borsa Istanbul, replacing Osman Saraç, during the bourse's 4th Ordinary General Board Meeting on June 8. 

Borsa Istanbul Chair Himmet Karadağ has kept his position. 

Borsa Istanbul Chair Himmet Karadağ is set to meet with the producer of the Turkish version of the popular reality show Survivor, Acun Ilıcalı, in accordance with the stock exchange's latest endeavors to share popular TV shows' yields with investors. 

Turkey's main stock exchange Borsa Istanbul is working on new financial instruments that will bring higher yields for lower risks and be based on several unusual products including popular TV series, car manufacturing projects and construction projects, the bourse's head has said. 

The Saudi-based Islamic Development Bank (IDB) is in talks with Turkey's main stock exchange Borsa Istanbul to buy a stake, the bourse's chairman told Reuters on April 19, adding that they wanted to complete the negotiations by the end of the year.