Azerbaijan, Baku, Feb. 20 / Trend, A. Taghiyeva /
The Unified Istanbul Stock Exchange will be put into operation in April 2013. Work on its establishment began in October of last year, Sabah newspaper said on Wednesday. A merger of the Istanbul Stock Exchange and the Istanbul Gold Exchange will create the Unified Istanbul Stock Exchange.
Indexing operations will begin in the end of the second quarter of this year, and by the end of the year, foreign exchange operations will have commenced.
The trade volume of the Istanbul Stock Exchange will be increased to 32 transactions per second as a result of merger. Under today's conditions, only 24 transactions per second are possible.
Earlier it was reported that a 49 percent share of the Istanbul Stock Exchange will be owned by the Turkish Treasury, five percent by the Futures and Options Exchange, the rest of the shares remain free.