ISTANBUL STOCK EXCHANGE HOSTED THE THIRD MEETING OF THE OIC MEMBER STATES STOCK EXCHANGES FORUM

Tuesday, 10 November 2009

ISE hosted the Third Meeting of the OIC Member States Stock Exchanges Forum between October 24-25, 2009 with the attendance of 21 stock exchange and 8 post-trade institutions from 18 countries. At the meeting it was decided that the related task forces would further study the fields such as alternative types of investable indices, easily comprehensible and cost effective financial instruments, particularly exchange traded commodity contracts and Islamic repos and cross-border models of linkages, in particular, multilateral modalities of simulated trades. Moreover, bilateral cooperation among the member post trade institutions to facilitate more efficient cross-border trading would be encouraged and an annual publication covering information on the member institutions would be prepared. The next Working Committee will be held in Abu Dhabi in the first half of 2010 while the Fourth Forum meeting will be held in Istanbul