: VIOP hits another record high following the TURKDEX merger

Monday, 16 September 2013

Another record in terms of traded value was set on August 27, 2013 with TRY 3,158,540,982 on VIOP trading platform where the system operated flawlessly following the merger.

Total number of contracts was 439,739 while the number of orders placed was 90,695 on the record day.
Following the four simulation tests conducted with participation of Borsa 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, more than 70 VIOP members access VIOP trading system every day.

Borsa İstanbul Chairman & CEO İbrahim M. Turhan, evaluating the merger process, said that the integration of two significant derivative market platforms has been completed very 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 Borsa İstanbul. We have completed the horizontal integration at our capital markets successfully with this merger. Work on trading of futures and options contracts on different underlying and energy in particular still continues. Our target along the lines of the Istanbul International Finance Center Project is to position Borsa İstanbul as a marketplace where a wide range of global products are traded.” Turhan said.