First power exchange to be opened in Turkey
Azerbaijan, Baku, October 26/Trend, R.Hafizoglu/
The first power exchange within the Istanbul Stock Exchange will be opened in Turkey in early 2014, Assistant of the Director General of Istanbul Stock Exchange Mustafa Kemal said, Anadolu agency reported on Saturday.
According to Kemal, the Istanbul Stock Exchange will have a 31 per cent share in the power exchange.
According to the World Federation of Exchanges, the Istanbul Stock Exchange was the second exchange in terms of profitability in the world in March 2013.
The Istanbul Stock Exchange brought income to its shareholders in the amount of 8.3 per cent.
Founded some 140 years ago, the Istanbul Stock Exchange began to be called simply Istanbul Exchange (Borsa İstanbul) since early 2013. The new exchange combined the Istanbul Securities Exchange, Financial Futures and Options Exchange and Gold Exchange.
An official opening ceremony of the Istanbul Exchange took place in Istinye on April 5, 2013 within the state program to turn the Istanbul city into one of the largest financial centers of the world on the occasion of 100th anniversary of establishment of the Turkish Republic.