FEDERATION OF EURO-ASIAN STOCK EXCHANGES
ANNUAL REPORT JUNE 2013
TURKISH DERIVATIVES EXCHANGE (TurkDEX)
CAPITAL MARKET DEVELOPMENT
AND ECONOMIC OUTLOOK
TurkDEX started its first trading session on
February 4, 2005. Since then TurkDEX offers
a diversified range of derivative products on a
fair, transparent and efficient trading platform
providing suitable solutions for all market
participants. Within 5 years TurkDEX showed
a remarkable growth in trading volume. Even
when global derivatives markets are struggling
TurkDEX’s trading volume remained stable
slightly decreasing from TRY 439 billion in 2011
to TRY 404 billion in 2012, a total decrease of
8%.
TurkDEX attracts more and more interest from
domestic as well as international investors.
While growing at constant pace, one of
TurkDEX’s main aims is to integrate the Turkish
derivatives market into the global financial
system by attracting more international investors
to diversify the investor base. In 2012, 84% and
16% of total trading volume has been executed
by domestic and foreign investors respectively.
According to the data of the Futures Industry
Association (FIA) TurkDEX was ranked 29th in
terms of trading volume in the first 8 months of
2012. As of December 2012 TurkDEX has 101
members all of which are certified banks and
brokerage houses by the CMB.
TurkDEX is determined to design and list new
products in order to better address the needs
and demands of all market participants in
terms of risk management, price discovery
and hedging. With the current and future
market trends TurkDEX will experience further
significant growth in the future. The last 5 years
performance of TurkDEX showed the potential of
the derivatives markets in Turkey.
Key Information Contacts
Capital Markets Board of Turkey (CMB) www.cmb.gov.tr
Istanbul Stock Exchange (ISE) www.ise.gov.tr
İMKB Settlement and Custody Bank Inc. (Takasbank) www.takasbank.com.tr
Merkezi Kayıt Kuruluşu (MKK) www.mkk.com.tr
The Association of Capital Market Intermediary Institutions of Turkey (TSPAKB) www.tspakb.org.tr
CONTACT INFORMATION
Contact Name Mr. Samil Demirkan
E-mail [email protected]
Website www.turkdex.org.tr
* Please refer to page 51 for the Turkey country report.
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