Turkish, Russian stock exchanges sign deal

The memorandum of understanding foresaw forming a common index between IMKB and MICEX.

Turkish, Russian stock exchanges sign deal

The Turkish and Russian stock exchanges signed a memorandum of understanding on Monday.

The Istanbul Stock Exchange of Turkey (IMKB) and the Moscow Interbank Currency Exchange (MICEX) signed a memorandum of understanding to improve Turkish and Russian capital markets and share of information, the IMKB said.

The IMKB released a statement in which it said the memorandum aimed to improve relations and cooperation between the two stock exchanges.

Also, the memorandum of understanding foresaw forming a common index between IMKB and MICEX.

The stock exchange is home to 320 national companies. All IMKB members are incorporated banks and brokerage houses.

Opened in 1992, MICEX is the leading Russian stock exchange, consisting of shares and corporate bonds about 600 Russian companies with a total capitalization of nearly 24 trillion Rubles.


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Last Mod: 27 Ekim 2009, 08:22
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