Gedik Yatırım, became the first investment institution using the Co- Location Service enabling investors to connect with Borsa İstanbul Trading System Infrastructure through the Primary Data Center. Co-Location Service enables transmittal of buy and sell orders of investors in 1 millisecond.
Gedik Yatırım CEO Metin Ayışık and Borsa İstanbul Executive Vice President, Assoc. Prof. Mustafa Kemal Yılmaz, joined the gong ceremony marking the start of Gedik Yatırım’s Co-Location Service, which makes it possible to connect with Borsa İstanbul Trading System Infrastructure through the Primary Data Center and enables investors to carry out their buy and sell transactions faster and without interruption.
Gedik Yatırım CEO Metin Ayışık, in his speech during the conference, indicated that Borsa İstanbul’s Gong, witness of many historic moments, now rang for Gedik Yatırım, one of the prominent investor institutions of capital markets. Mr. Ayışık mentioned that Borsa İstanbul’s technology reform aiming to add value to all stakeholders in the value chain is a source of excitement for Gedik Yatırım as a stakeholder.
“We are quite pleased to be the first user of the Co-Location Service and Primary Data Center launched by Borsa İstanbul in the second quarter of 2014 with TL 14 million investment. Importance attached to technology is one of the primary values of Gedik Yatırım as the leading investment institution in terms of trading volume and penetration among non-banking counterparts. Adopting fast paced developments in technology to our services and creating value for investors has always been one of our priorities. To this end, we were the first of our sector in many occasions. For instance, we were the first investment institution to send an order to Futures and Options Market using the FIX infrastructure. Being also the first user of Borsa İstanbul’s Co-Location Service has a special meaning for us.” he continued.
Metin Ayışık underlined that utilizing Borsa İstanbul’s Co-Location Service will provide significant advantages to investors who prefer Gedik Yatırım as their intermediary for trading. Mr. Ayışık indicated that speed and continuity is among the most critical factors for investors; “With the help of Co-Location Service as Gedik Yatırım we are able to connect with Borsa İstanbul Trading System Infrastructure through the Primary Data Center and provide faster and more reliable order transmittal service to our investors. Transmittal of an order using Remote Access Network order transmittal channel can take up to 15 millisecond whereas with Co-Location Service it is reduced down to 1 millisecond enabling faster trading for investors. In addition, we are also ready for the new trend, algorithmic trading, which requires the fastest order transmittal infrastructure. Precaution measures taken for cyber security and the continuous back up system guarantees highest level of security and continuity for trading.” he continued.
No extra cost
Mr. Ayışık noted that all investors working with Gedik Yatırım could take advantage of the system; “We are not reflecting any extra cost to our investors for this service. As we always emphasize; we are assertive not only with our products and service quality but also with our robust technological infrastructure. We invested in technology and provided new services to our investors since the day we were established. We will keep up with this vision in the future and protect our reputation as the technology leader in the sector” he added.
Borsa İstanbul Executive Vice President, Assoc. Prof. Mustafa Kemal Yılmaz said; “With Co-Location Service we not only enabled faster and more reliable transmittal of orders to trading system but we also established the needed infrastructure for algorithmic trading and high frequency trading. There is demand for this service from national Borsa İstanbul member investment institutions as well as from financial institutions abroad. This service is a significant step in increasing the visibility and accessibility of Borsa İstanbul in international financial markets together with the Point of Purchase (PoP) we launched last month in London.”
