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Turkey: BIST Formed Partnership with US NASDAQ

Published: July 12, 2013; 17:01 · (Vindobona)

Turkey's Borsa Istanbul (BIST), one of the most profitable stock markets in the emerging world, has formed a strategic partnership deal with the US-based NASDAQ OMX Group, the owner and operator of NASDAQ stock market.

Turkey: BIST Formed Partnership with US NASDAQ / Picture: © Istanbul Stock Exchange

According to the deal announced on Wednesday, BIST will integrate and organize NASDAQ OMX technologies for all its asset classes, including energy contracts. The deal aims to expand the Borsa Istanbul’s global presence, while strengthening its position as a regional hub for capital markets, the NASDAQ statement said. “The strategic deal sees BIST and NASDAQ actively cooperating in…

This article includes a total of 154 words.

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