Germany-based Deutsche Borse and Turkey’s Istanbul Stock Exchange (ISE) have signed an agreement to support each other in developing their respective securities markets, such as joint research projects and marketing activities in Germany and Turkey.
The companies aim to cooperate on joint indices and product development to support closer cooperation between both Frankfurt and Istanbul.
Deutsche Borse executive board member responsible for the Xetra business area Frank Gerstenschläger said Deutsche Borse and ISE have already initiated a number of activities to facilitate the development of communication channels and to build up a continuous relationship between the parties for the respective benefit of the securities markets in Germany and in Turkey.
ISE CEO Huseyin Erkan said that the Turkish economy and financial markets have developed rapidly in recent years and continue this positive trend. With its initiative to actively promote the Turkish capital markets among the international audience the ISE takes an important step towards fostering this growth.
via Deutsche Borse, Istanbul Stock Exchange sign cooperation deal – Banking Business Review.
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