Deutsche Boerse and Istanbul Stock Exchange join hands Agreement on cooperation and mutual development

Wednesday, 30 November 2011


Deutsche Börse and Istanbul Stock Exchange join hands

Agreement on cooperation and mutual development

22. November 2011

Deutsche Börse: Deutsche Börse and Istanbul Stock Exchange (ISE) are working together to cooperate in several business areas. Both exchanges support the mutual understanding of developments in each other’s securities markets, carry out joint research projects or seminars on topics of mutual interest and assist each other in marketing activities in Germany and Turkey. It is also their intention to cooperate on the level of joint indices and product development in order to support a closer cooperation between both financial centers, Frankfurt and Istanbul.

“Deutsche Börse and ISE have already initiated a number of activities to facilitate the development of communication channels and to build up a continuous relationship between the parties for the respective benefit of the securities markets in Germany and in Turkey,” said Frank Gerstenschläger, member of the Deutsche Börse Executive Board and responsible for the Xetra business area. “It is the intention of both parties to assist each other in their efforts to improve and promote their service portfolio in both countries.”

“The Turkish economy and financial markets have developed rapidly in recent years and continue this positive trend. With its initiative to actively promote the Turkish capital markets among the international audience the ISE takes an important step towards fostering this growth,” said ISE CEO Hüseyin Erkan. “The participation of ISE as a main sponsor in the German Equity Forum 2011 in Frankfurt is just one example of the cooperation activities between the two exchange operators.”

About Deutsche Börse
Deutsche Börse Group, a German blue chip company, is a leading service provider to the global securities industry with products and services for issuers, investors, intermediaries and data vendors. The Group covers the entire securities process chain from trading over clearing all the way to settlement and custody. Deutsche Börse Group is also a provider of IT solutions and an insourcing partner for the global securities industry as well as a leading provider of market data and analytics.

About ISE
Istanbul Stock Exchange (ISE) is a leading exchange in its region providing transparent, efficient and liquid markets for issuers, investors and intermediaries. ISE, through its subsidiaries (Takasbank and Central Registry Agency), covers settlement, custody and registry services for a wide range of products such as equities, debt securities, repo, warrants and ETFs. ISE is fully committed to developing its markets further, diversifying its products and linking with other markets. This contributes to the vision of making Istanbul an international finance center.