As per the terms of the deal, the Turkish exchange operator will consolidate and run Nasdaq OMX’s technologies product suite for trading, clearing, market surveillance as well as risk management, covering all asset classes, including energy contracts.
This partnership will also be beneficial for member companies and customers of both exchanges, according to the US company.
Borsa Istanbul chairman and CEO Dr Ibrahim Turhan said that the alliance will enable the company to serve issuers, investors, and traders in Turkey as well as internationally.
Sardis Capital has acted as adviser to Borsa Istanbul.
Nasdaq OMX Group owns and operates 26 markets, 3 clearinghouses and 5 central securities depositories in the US and Europe, which supports equities, options, fixed income, derivatives, commodities, futures and structured products.
Borsa Istanbul through its subsidiaries Takasbank and Central Registry Agency, offers trading, settlement, custody and registry services for variosu products including equities, debt securities, repo, warrants, options, futures, certificates and ETFs.
