Turkey's ISE aims to compete European stock exchanges

Istanbul Stock Exchange has started its competition with European stock exchanges on its 25th anniversary, ISE Chairman Huseyin Erkan said.

Turkey's ISE aims to compete European stock exchanges

Istanbul Stock Exchange, or ISE, has started its competition with European stock exchanges on its 25th anniversary, ISE Chairman Huseyin Erkan said on Monday.

"Our competition has started now. Our securities are being traded at stock exchanges and other organized markets in Europe and they have drawn a significant size of liquidity," Erkan told a ceremony.

ISE started its journey 25 years ago with only 40 publicly traded companies. Today, it reached a daily trading size of 1.7 billion USD. Companies in ISE have a total market value of some 330 billion USD.

Erkan said ISE has become one of the leading stock exchanges in the world thanks to its structure, human resources and technology. He said it is now time to transform into a structure which would connect to world's other stock exchanges and link regional stock exchanges with the world through ISE.

"We plan to turn Turkey into a center of attraction by the help of liquidity exchange," Erkan said.

"With this project, which will be the backbone of Istanbul Finance Hub project, Istanbul will become a financial hub for its region, and then, for the world," he added.


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Last Mod: 04 Ocak 2011, 12:09
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