Turkey eyes making bourses closer with US

NEW YORK

Turkey’s Deputy PM Babacan (2nd L) and TOBB President Hisarcıklıoğlu (2nd R) have rung the closure gong of Nasdaq, the US second largest stock market. DHA photo

Turkish Deputy Prime Minister Ali Babacan has said they would like to establish closer ties between Borsa Istanbul (BIST), the new exchange body that has merged stock and gold exchanges under a single umbrella organization, and the United States’ second-largest stock market, Nasdaq, during his visit, on which he rang the Nasdaq closure gong in New York.

Babacan said it would be a win-win situation if BIST and Nasdaq had closer relations, noting that the shares of 28 Turkish companies were traded on the Nasdaq.

Babacan and the delegation of the Union of Chambers and Commodity Exchanges of Turkey (TOBB), which went to New York for Turkey Investment Week, visited on April 15 the Nasdaq, known as the technology stock market. Babacan and TOBB head Rıfat Hisarcıklıoğlu rang the

Nasdaq closure gong together. Their image from the Nasdaq studio was projected on the big screen in Times Square.