Vienna Stock Exchange and Istanbul Stock Exchange Join Forces to launch Two New Indices

Businessn.a. ♦ Published: September 28, 2012; 12:54 ♦ (Vindobona)

The stock exchanges of Istanbul and Vienna have joined forces in a unique cooperation project and launched the IBTX (Istanbul Traded Index) and IBTX Banking today.

Vienna Stock Exchange and Istanbul Stock Exchange Join Forces to launch Two New Indices / Picture: © Vindobona.org

The IBTX is calculated based on the prices of the twenty most actively traded shares of the Istanbul Stock Exchange. The IBTX Banking index consists of the most liquid Turkish banking stocks. Both indices can be used as a benchmark and underlying for standardized derivatives (futures and options) as well as an underlying for structured products (warrants, index certificates and ETFs).…