Borsa İstanbul and Tehran Stock Exchange signed a Memorandum of Understanding (MoU) on October 26, 2015 during the visit of Executives of Tehran Stock Exchange and Securities and Exchange Organization of Iran to Borsa İstanbul.
Borsa İstanbul and Tehran Stock Exchange signed a Memorandum of Understanding (MoU) on October 26, 2015 during the visit of Executives of Tehran Stock Exchange and Securities and Exchange Organization of Iran to Borsa İstanbul. The MoU aims at fostering cooperation and developing mutually beneficial business opportunities for the two exchanges.
At the MoU signing ceremony, Borsa İstanbul CEO Tuncay DİNÇ said “We are glad to sign this MoU with Tehran Stock Exchange. I am confident that this MoU will pave the way for intense cooperation between our exchanges and mobilize us to explore joint business development opportunities. Borsa İstanbul and Tehran Stock Exchange, each comprising great potential, will no doubt add value to each other’s know-how and business scope.”
“This is a great occasion, in my mind. Iranian and Turkish capital markets, as two neighbors with really valuable potential in the region, could build upon the existing good relations and collaborate further in many areas including exchange of staff and expertise and development of mutually beneficial business projects. Signing of this MoU is a significant step in this direction. I believe this will be a turning point for the relations between our institutions” said Hassan Ghalibaf Asl, President and CEO of Tehran Stock Exchange.
The MoU between Borsa İstanbul and Tehran Stock Exchange, entails exchange of information and expertise, exchange of staff, organization of joint events and development of dual listing opportunities.
About Borsa İstanbul
Borsa İstanbul, with historical roots going back to 1873, is a diversified regional exchange in Turkey, providing trading, settlement, custody and registry services for equities, derivatives, fixed income & repo, precious metals and Islamic finance markets. The Company operates under a single umbrella, following its de-mutualization and incorporation in 2012, and successful completion of horizontal integration (via the acquisition of the derivatives and gold exchanges), and of vertical integration (via control of the two domestic post trade firms), shortly thereafter. Through its markets, Borsa İstanbul offers corporates, investors and traders in the region a broad range of financial products suited to their needs, and efficient access to extensive capital markets. Post trade and depository services are offered by its majority-owned subsidiaries of Takasbank (Istanbul Settlement and Custody Bank) and MKK (The Central Securities Depository). Borsa İstanbul calculates 360 indices that measure and benchmark equity and fixed income markets in Turkey. Borsa İstanbul is a shareholder in the Sarajevo, Baku, Kyrgyz and Montenegro Stock Exchanges, as well as LCH. Clearnet.
For further information, please visit Borsa İstanbul at http://www.borsaistanbul.com/en and follow us on Facebook (www.facebook.com/borsaistanbulEN), and Twitter (www.twitter.com/borsaistanbulEN).
About Tehran Stock Exchange
Tehran Stock Exchange (TSE) was established in February 1967. It is Iran’s oldest and largest securities market. TSE joined international entities like World Federation of Exchanges and Federation of Euro-Asian Exchanges in 1990s. The Exchange is assigned to launch a fair, efficient and transparent market equipped with diversified instruments and easy access to create added value for the stakeholders. TSE is aiming to increase share of country’s capital market in financing the economic activities, robustly protect the market's integrity and shareholders' rights, develop financial knowledge in Iran, facilitate market access by means of technology and expand its global relations. Investors trade equities, bonds, Sukuks, ETFs, as well as some derivatives products at TSE. The on-line trading access is available since 2010.
For more information regarding brokerage firms, regulations and foreign investment opportunities, please visit http://www.tse.ir/en/
