This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

NASDAQ OMX And Borsa Istanbul Sign Strategic Partnership

NASDAQ OMX to Provide a Suite of Comprehensive Market-Leading Exchange Technologies to Borsa Istanbul

Partnership Will Strengthen Istanbul's Position as an International Financial Center, and Will Expand Both Companies' Global Footprint

NEW YORK and ISTANBUL, Turkey, July 3, 2013 (GLOBE NEWSWIRE) -- The NASDAQ OMX Group (Nasdaq:NDAQ) and Borsa Istanbul have signed a partnership agreement today, which aims to expand Borsa Istanbul's global presence, while substantially strengthening Istanbul's position as a regional hub for capital markets. Borsa Istanbul will integrate and operate NASDAQ OMX's suite of world-class market technologies for trading, clearing, market surveillance and risk management, covering all asset classes including energy contracts. Further, the two companies will actively collaborate in the region.  This strategic partnership points to a long-term commitment which would benefit member firms and customers of both exchanges.

"This is a notable milestone for Borsa Istanbul, as well as for Turkey, the surrounding region and the whole exchange industry," said Dr. Ibrahim M. Turhan, Chairman and CEO of Borsa Istanbul.  "Our objective is to position Borsa Istanbul as a leading integrated multi-asset exchange, and to provide a cutting-edge platform serving issuers, investors, and traders globally. We are delighted by this partnership with such a powerful global brand, which covers not only a technology and know-how transfer, but also cements a strong operating union to capitalize jointly the commercial opportunities in the broader Eurasia region. Together with the Nasdaq OMX team we will leverage NASDAQ OMX's best-of-breed offering.  Borsa Istanbul will have full control and deep knowledge of the technology and thus will be self-sufficient in this regard."

"We are very proud and honored to be working with Borsa Istanbul as they rapidly become an international financial hub and a true global player," said Bob Greifeld, CEO of NASDAQ OMX. "The opportunity to provide not only our technology to power the Turkish markets, but also to become a strategic partner of Borsa Istanbul, in order to further develop the region's capital markets is a significant moment for our company."

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

DOW 17,730.11 -27.80 -0.16%
S&P 500 2,076.78 -0.64 -0.03%
NASDAQ 5,009.2140 -3.9090 -0.08%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs