A new investment tool for Turkish capital markets ISE WARRANTS MARKET Tuesday, 10 August 2010
A new investment tool for Turkish capital markets:
ISE WARRANTS MARKET
Istanbul Stock Exchange introduces the “Warrants Market”. Prof. Vedat AKGIRAY, Capital Markets Board of Turkey (CMB) Chairman; Mr. Hüseyin ERKAN, Istanbul Stock Exchange Chairman & CEO; Mr. Murray ROOS, Deutsche Bank AG London Head of Equities for Central and Eastern Europe, the Middle East and Africa; Mr. Ilhami KOÇ, I_ Investment General Manager and prominent representatives from the finance and business sectors participated in the warrant launch meeting held today.
The Istanbul Stock Exchange Warrants Market was introduced at a meeting held at the Marmara/Esma Sultan on Monday, August 9, 2010. The meeting, hosted by Prof. Vedat AKGIRAY, Capital Markets Board of Turkey (CMB) Chairman and Mr. Hüseyin ERKAN, Istanbul Stock Exchange Chairman & CEO and sponsored by Deutsche Bank London and I_ Investment, brought together prominent representatives from the finance and business sectors.
Prof. AKGIRAY stated that the Capital Markets Board of Turkey had been working on the project for over four years in cooperation with the Istanbul Stock Exchange and warrant issuers. Prof. AKGIRAY expressed his contentment for launching a well-structured market.
Mr. Hüseyin ERKAN said that the first warrants to be issued would start trading on the ISE Warrants Market on Friday, August 13, 2010 under the ISE Collective Products Market. The Warrants Market, he emphasized, would offer investors the opportunity to hedge their portfolios against market volatilities.
Deutsche Bank and I_ Investment, on the other hand, made their commitment to the Warrants Market clearly by issuing warrants which may be based either on ISE indices or selected stocks.