As per the MoU, both exchanges will collaborate in several areas that include inter alia, trading in securities, order routing, listing of securities, settlement and clearing, dissemination of information as well as the surveillance of transactions.
Both the exchanges will also establish a channel of communication in respect of the ongoing and systematic flow of information between them.
Istanbul Stock Exchange chairman and CEO Ibrahim Turhan said that "This Memorandum will contribute to the already good relations between Macedonia and Turkey and it will be a benefit of our nations."
Macedonian Stock Exchange CEO Ivan Steriev said "The signing of this Memorandum represents a new chapter in the already successful bilateral relations between the two exchanges and is of a particular importance for the Macedonian Stock Exchange taking into consideration that IMKB is one of the largest stock exchanges in the wider region."
