Borsa Istanbul undergoes data system renovation

ISTANBUL

Borsa Istanbul’s new data center and screen have been exposed. AA Photo

The Turkish stock exchange has renovated its primary data center and data screen, taking an important step to strengthen its technological infrastructure as part of its ambitious target of becoming a regional power.

Speaking at the presentation meeting of the 14-million Turkish Lira investment, Borsa Istanbul Chairman İbrahim Turhan said the stock market has moved to digital technology from its analog infrastructure.

“There will be two fundamental scenarios in our new data screens. First, they will be able to see the data crested by the stock exchange with a number of graphics visualized by pie, bar or share charts. Second, data from the world’s leading stock markets will be screened here,” Turhan said, explaining the changes.

The data center investment will accelerate data transmission by three-fold, Turhan also claimed. Borsa Istanbul had signed a partnership agreement with Nasdaq that is expected to cement Borsa Istanbul’s position as the market hub for the Eurasian region.