Borsa Istanbul Stocks Exchange
Capital Markets Board Law no. 6362 went into force after being in published in the Official Gazette dated December 30, 2012. Pursuant to article 138 of the Law, Borsa İstanbul A.Ş. was founded on the same date, for the purpose of serving as a securities exchange.
Borsa İstanbul brings together all the exchanges operating in the Turkish capital markets under a single roof. Its Articles of Association was prepared by the Capital Markets Board, and following its approval by the Minister in charge, it was registered on April 3, 2013, thereby receiving a foundation and operation permit.
The main purpose and field of activity of Borsa İstanbul is described as follows: "In accordance with the provisions of the Law and the related legislation, to ensure that capital markets instruments, foreign currencies, precious metals and gems, and other contracts, documents, and assets approved by the Capital Markets Board of Turkey are traded subject to free trade conditions in a facile and secure manner, in a transparent, efficient, competitive, fair and stable environment; to create, establish and develop markets, sub-markets, platforms, systems and other organized market places for the purpose of matching or facilitating the matching of the buy and sell orders for the above mentioned assets and to determine and announce the discovered prices; to manage and/or operate the aforementioned or other exchanges or markets of other exchanges; and to carry out the other activities listed in its Articles of Association."
Established on the basis of Capital Markets Law no. 6362, Borsa İstanbul is subject to private law. Borsa İstanbul is a self-regulatory entity.
Mission And Vision
To be a global integrated market place for Turkish and regional financial assets in future capital markets.
To provide a reliable, transparent, effective, fair, innovative, competitive and sustainable trading platform for all investors.
We are undergoing a period in which economies are recovering in the shadow of geopolitical conflicts after the global financial crisis. In solidarity with regulators and stakeholders, we play an important role in the elimination of financial threats and development of the country’s economy. In this context, we are rapidly adapting to changing global conditions by taking the necessary measures effectively and resolutely. If possible, regulations that will save our markets from various bottlenecks are realized within the Borsa Istanbul Exchange Group, if not, we are exerting efforts to lead amendments in related regulations.
In line with the objectives of the 11th Development Plan and the Istanbul International Financial Center Action Plan which will guide our country in the next period, we will contribute to making our capital markets more competitive at the international level by carrying out research and development studies on innovative and high added value initiatives within the scope of the Borsa Istanbul 2018-2023 Strategic Plan.
In addition to the horizontal and vertical integration that has been completed under Borsa Istanbul Exchange Group and the achievements we have made in our international strategic partnerships, we plan the next steps of our corporate transformation and development with great care. We are preparing for a period which may be a turning point for Borsa Istanbul and Turkish capital markets.
For strong capital markets, our markets need to be liquid, deep, and easily accessible for local and foreign investors. In line with these objectives, our priorities include establishing a sustainable revenue stream and structure, improving operational effectiveness, and re-evaluating inorganic growth options and effective subsidiary management.
Some of the steps we identified to establish a sustainable revenue stream and structure are; to increase product and service diversity, expand the institutional and individual investor base and increase revenues in data, technology and equity & derivative markets. In order to increase operational efficiency, we plan to develop strategic alliances and partnerships, ensure integration within the group, improve cost-effectiveness and become a regional gold custody center. In addition to all these objectives and related steps, we will work to assess investment opportunities in the value chain, including existing and potential affiliates and the complementary financial technology sector.
Borsa Istanbul is one of the most important institutions in Turkey in terms of sustainable economic development and financial stability. As the directors and employees of this distinguished organization, we will continue to take care of our nation’s value, work with determination to increase our competitive power internationally and inform our stakeholders in a transparent manner in all our processes.
Member of the BoardSource Page