A Pioneering Step on VIOP from Borsa İstanbul and Finansinvest

Wednesday, 13 May 2015

The first futures contract written on an Exchange Traded Fund (ETF) has been launched as a result of the cooperation of Borsa İstanbul and Finansinvest. Following the bell-ringing ceremony participated by Borsa İstanbul Executive Vice President Çetin Ali Dönmez and Finansinvest CEO Özgür Güneri, the new investment instrument FBIST Bill ETF Futures Contract started being traded. FBIST Bill ETF Futures Contract is the first fixed-income exchange traded fund futures contract written on FBIST Bill ETF. The instrument can be simply defined as an interest rate futures contract written on a basket of bills, and will allow the more efficient management of interest risk. Finansinvest plans to be the market maker for this new contract and aims to ensure efficient price discovery.