First traded value record set on VIOP following the TURKDEX merger

The first traded value record was set with TRY 2.074 billion (USD 1.02bn) on Borsa İstanbul Futures & Options Market (VIOP) following its successful merger with Turkish Derivatives Exchange (TURKDEX) trading platform on August 5, 2013.
The first record of traded value was set on August 22, 2013 with value of TRY 2.074.990.445 on VIOP trading platform where the system operated flawlessly following the merger.
Total trade quantity on the market was 313,850 contracts while number of orders placed was 74,199 on the record day.
With the merger of TURKDEX and VIOP trading platforms under the umbrella of VIOP, all futures and options contracts in Turkey started trading on the single platform of VIOP.
Following to the four simulation tests conducted with participation of İstanbul Settlement and Custody Bank (Takasbank) and VIOP members since July 3, 2013, more than 80,000 accounts and relevant positions were migrated successfully to VIOP system by Takasbank on August 5, 2013. As of today, approximately 70 VIOP members access daily to VIOP trading system.
Borsa İstanbul Chairman & CEO İbrahim M. Turhan, evaluating the merger process, said that the horizontal integration has completed successfully in the Turkish capital markets.
“Following the successful merger of Borsa İstanbul VIOP and TURKDEX platforms under the umbrella of VIOP, all futures and option contracts in Turkey have started to trade on a single platform within the body of Borsa İstanbul. We have completed the horizontal integration at our capital markets successfully with this merger. Trading precious metals and future and option contracts in addition to equities and debt instruments under a single umbrella of regional and international visibility in İstanbul will make significant contributions to İstanbul Financial Center Project.