FEDERATION OF EURO-ASIAN STOCK EXCHANGES
ANNUAL REPORT JUNE 2013
with more than US$ 9 billion total deal size - a
number rendering the Company as the leading
investment bank as per the M&A league
rankings. • BIST Foreign Securities Market leader
among brokerage houses, with US$ 135.2
million trading volume and 0.2% market
share.
Also known with its pioneer role and innovative
reputation in the sector with new products and
market tools; IS Investment launched the first
hedge fund in Turkey, in November 2008. IS
Investment has been the first local investment
house to issue warrants, IS Warrants were
listed in Borsa Istanbul Warrant Market
in December 2010. Moreover, offering its
corporate bills in April 2012, IS Investment is the
first investment house in Turkey that issued its
own debt instruments. Recently, IS Investment
performed the first public TRY sukuk issue from
a corporate issuer, marking the opening of
the TRY domestic sukuk market for corporate
issuers. Since its establishment, IS Investment’s
International Capital Markets Division has
been providing direct access to financial
markets around the globe through its extensive
counterparty network. Dedicated assistance
by the industry’s top professionals have
allowed IS Investment’s clients to have a
better understanding and a broader view of
investment products to achieve their goal of a
well-diversified portfolio.
IS Investment has won several awards,
including in the category of Euromoney Awards
for Excellence “Best Equity House“ in 2007
and 2008, “Best M&A House” in 2009, and
“Best Investment Bank” in 2010 and 2011. IS
Investment was given “Financial Advisor of the
Year in Turkey” award by FT/mergermarket in
2010; and “Best Investment Bank in Turkey”
award by EMEA Finance in 2011 and 2012. IS
Investment was also given the prize in “The
Company with the Highest Rating Score in
Board” category by Corporate Governance
Association of Turkey (TKYD). Is Investment was
deemed for 5 consecutive years “Turkey’s Most
Admired Investment House” according to the
results of Turkey’s Most Admired Companies
Survey from Capital magazine. In addition
to those, IS Investment was selected one of
the best ethic companies in Turkey by Turkish
Ethics Values Center Foundation (EDMER).
In 2012 IS Investment is…
• BIST Equity Market leader, with US$ 52.7
billion trading volume and 7.6% market
share.
• TurkDEX Market leader with US$ 66.3 billion
trading volume and 14.8% market share.
• Securities L/B Market leader with US$ 1.1
billion trading volume and 33.2% market
share.
• BIST Debt Securities Market Outright
Purchases and Sales Market, place third
among brokerage houses with US$ 6.4
billion trading volume and 12.4% market
share.
As a direct consequence of the unconventional
measures taken by the major central banks,
global markets continued their steady
recoveries through 2012, reaching closer
to their pre-Lehman crisis levels. However,
as the sentiment towards the economic
data continued to be fragile throughout
2012, investors remained on alert with their
confidence towards the markets still hang by
a thread. As there is no risk free country in the
World set by the examples in the European
Union Member Nations and the United States
losing its prized AAA rating, once again we
were reminded the importance of diversification.
Thus, availability of alternative investment tools
for individual investors has become crucial in
order to benefit from such volatile movements
and reduce the portfolio risk. Due to the
extensive global markets coverage by a team
of professionals, and a wide array of investment
products, IS Investment’s clients continue to
position themselves at the right place at the
right time.
IS Investment has been investing heavily on
improving product mix in order to satisfy the
needs and spread out the portfolio risks of
its clients. As the on-going developments
globally continue to be on the foreground
of investor’s attentions, IS Investment has
already had an ever increasing activity in these
markets. IS Investment has direct market
access capabilities through the major equity
and derivative exchanges around the World
and also has execution facilities to emerging
markets like in Middle East and CIS region. In
equity markets, IS Investment’s activities are
not only limited to secondary market trading
as we also provide means for its clients to
participate in primary issues all around the
World and chance to invest through options
rather than directly in cash markets. In fixed
income markets, IS Investment was rated
as one of the top Turkish financial institution
based on the transactions booked outside
the exchange while being awarded the Co-
Manager position in Is Bank’s US$ Eurobond
and Republic of Turkey’s first Sukuk issuance.
With a counterparty network of more than a
hundred institutions around the World, not only
IS Investment’s concentration relies purely on
Turkish Eurobonds, but also on high grade
credits as well as credits from emerging market
economies like Kazakhstan, Brazil, Russia.
Even though the markets continued their
recovery mode in full swing, events like the US
election created market volatility which kept
the opportunities knocking while increasing the
appetite towards exchange-listed derivative
instruments. In order to facilitate its clients’
needs for these leveraged instruments, IS
Investment launched TradeMaster International
in the beginning of 2007, which is giving
execution capabilities in major equity markets
and more importantly in futures markets like
CBOT and CME. Also, through Is Investment’s
experienced traders, corporate clients can
access London Metal Exchange (LME) and the
Baltic Exchange in order to hedge their physical
market exposures. Recent trends within the
industry have facilitated leveraged Forex
trading to be regulated by the Turkish Capital
Markets Board. Upon validation of statutes, IS
Investment became one of the first financial
institutions with a market-making license to
provide leveraged Forex trading capabilities
to its retail and corporate clients. As a result,
IS Investment officially launched TradeMaster
FX (TMFX) trading platform at the beginning of
2012, quickly becoming the undisputed market
leader in terms of volumes traded.
Rating ourselves by far as the top Turkish
institution in international capital markets, not
only IS Investment will work on improving its
abilities in organized exchanges around the
World, but also will pursue to provide access
to opportunities in emerging economies to its
clients whom IS Investment made believe the
importance of diversification with a little kick in
it.
* market share as of 31st of December 2012
CONTACT INFORMATION
IS INVESTMENT
Is Kuleleri, Kule-2 Kat: 12, 4. Levent 34330 Istanbul-Turkey
Tel: +90 212 350 20 00 Fax: +90 212 350 20 01 www.isyatirim.com.tr / www.isinvestment.com
For International Capital Markets
Contact Name Mr. Ilkay Dalkilic
Tel. +90 212 350 2314
E-mail [email protected]
For Turkish Capital Markets
Contact Name Mr. Serkan Aran
Tel. +90 212 350 2324 E-mail [email protected]
For Almaty/Kazakhstan Rep. Office Contact Name Mr. Samad Azimov Tel. +7 727 258 1309
E-mail [email protected]
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