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Monday, 12 December 2011

Dow Jones Indexes says Turkey has most sophisticated financial market in region

According to a senior director of Dow Jones Indexes, the Istanbul Stock Exchange (IMKB) is the most sophisticated financial market in its region, beating competitors from the Middle East, North Africa, and Eastern Europe.
Dow Jones Indexes Senior Director of International Markets and Products, Deborah Ciervo praised the high level of knowledge and expertise in trade execution within the IMKB. Ciervo said that this gave the IMKB a continuous flow in the market.
The IMKB has recently started a new campaign to educate Turkish company directors on the benefits of listing. There have been seminars since 2010 being held up and down the country to educate directors. The new campaign has led to 25 initial public offerings (IPOs) in 2010 and 18 IPOs in the first half of 2011.
According to Ciervo, the Turkish stock market is more developed and participation in more integrated and secure. IMKB has an integral role in the Federation of Euro-Asian Stock Exchanges (FEAS) which highlights the importance of the IMKB. Ciervo said: “FEAS is based in the IMKB, as their largest member, and is motivated towards FEAS’ goal of facilitating more liquid, transparent markets in the region, which will take time.”

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