Borsa Istanbul begins work on setting up swap market

ISTANBUL

Turkey’s main stock exchange Borsa Istanbul has started work on setting up a swap market, beginning with foreign currency markets, it said in a statement on Aug. 27. 

It added that work on deepening existing derivative markets and other efforts to raise added value for the economy would be accelerated.

“These works will lead the way for such transactions under the guarantee of an organized market in our country,” read the statement from the bourse.

“Basic fundamentals, including the primary dealing and liquidity creation in the market will be announced following consultation with all stakeholders,” concluded the statement.