EXCLUSIVE: Borsa Istanbul CEO on strategic partnership

Author: Danielle Myles | Published: 3 Jul 2013

Borsa Istanbul has named OMX Nasdaq as its strategic partner. The highly anticipated announcement was made on Wednesday July 3.

Speaking exclusively with IFLR, the Turkish exchange’s CEO, Dr Ibrahim M Turhan, shared his hopes for the tie-up and its impact on the country’s fledgling capital markets.

Strategic partnership

1. When will Borsa Istanbul’s strategic partnership be finalised?

We are planning to come up with a final agreement no later than the October of this year.

3. What form will this 'strategic partnership’ take? Will it involve an equity stake in Borsa Istanbul, cross-listings, technology sharing etc?

What we propose in terms of strategic partnership includes a share swap between partners as one of the main building blocks. Additionally, there might be other areas of...