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The New Era in Turkish Financial Markets...
On February 4th, 2005, the Turkish Derivatives Exchange (TURKDEX) launched the country’s first futures market. With more than 42 members trading 7 different products on an electronic platform, it creates a new center for financial risk management in Turkey. TURKDEX offers a core product base for trading futures in interest rate products – 91 Day and 365 Day T-Bills, foreign exchange – TRYDollar and TRYEuro, equity markets – ISE 30 index, and agricultural commodities – cotton and wheat. Financial markets are becoming increasingly international and TURKDEX provides a missing link to the management of global risk. With the creation of our derivative instruments, financial transactions will increase in volume and the financial system will be more secure and efficient. The derivative instruments traded on TURKDEX will increase the utilization capacity of the financial service sector by enabling brokerage houses and banks to offer new investment and credit products hedged on Exchange. The systemic risk in the financial system will be lessened with derivatives trading by allowing corporations to shift the burdens of price risk to other parties. The positive benefits realized in developed countries from derivatives trading are well documented. Our exchange professionals educate traders, managers, accountants and other participants by working with The Association of Capital Market Intermediary Institutions of Turkey about futures. Our program includes training on accounting, taxes, and clearing - necessary for the understanding of trading futures contracts. Turkdex marks the start of a new era. Be part of the new era and see the difference in managing the financial future. | ||||||||||||||||||||||||