Turkey
Borsa İstanbul is a Turkish financial institution that, along with its subsidiaries Takasbank and Merkezi Kayıt Kuruluşu (MKK), provides trading, clearing, settlement, custody, and registry services for a wide range of financial products including equities, debt securities, repo, sukuks, warrants, options, futures, certificates, and ETFs. The company has a rich history, having been founded in 1866 and has played a key role in the financial market of Turkey.
In 2012, Borsa İstanbul completed a comprehensive reform program as per the new Capital Markets Law, encompassing de-mutualization, horizontal integration through mergers with derivatives and precious metals exchanges, and vertical integration, acquiring majority shareholder status at Takasbank and MKK. This reform program also saw significant improvements in technological infrastructure, diversification of financial products, addition of new markets, and enhanced international outreach.
With its extensive range of services and its successful adaptation to the evolving financial landscape, Borsa İstanbul presents an intriguing investment opportunity for venture capitalists looking to tap into the Turkish financial market. The company's commitment to technological advancement and expanding its international presence showcases a potential for growth and innovation in the future.