Borsa Istanbul Integrates Nasdaq’s Multi-Asset Technology Suite
- The focus of the initiative is for Borsa Istanbul's equity market, though the partnership will utilize Nasdaq's multi-asset technology suite

The primary focus of the new initiative is for Borsa Istanbul's equity market, though the partnership will also utilize Nasdaq’s technology across its derivatives, debt securities, and precious metals markets. The decision to link up with Nasdaq is part of a broader focus by Borsa Istanbul, which has taken concrete steps to make its capital markets more competitive on the global state.
Back in October, Borsa Istanbul also integrated MetaTrader 5 into its exchange, effectively providing its investors with the latest foreign exchange (FX) and VIOP capabilities in the Gulf Area. As for its partnership with Nasdaq, the access to the exchange is the accord between Borsa Istanbul and the exchange operator, following an initial agreement back in July 2013.
According to said Tuncay Dinç, Chief Executive Officer (CEO), Borsa Istanbul, in a recent statement on the partnership, "We are delighted to have established a high impact global partnership with Nasdaq, anchored by the objective of serving the financial community in the region and worldwide.”
"I am confident that our combined know-how, powered by one of the most advanced technology suites available in the world today, will consistently offer a cutting edge trading experience to customers worldwide with greater opportunity, innovation and flexibility. BISTECH transformation is a huge step for Borsa Istanbul on the path toward our vision of becoming a global player," he noted.
"It has been an honor working with Borsa Istanbul as they emerge, unequivocally, as the capital markets heart of Eurasia. Their relentless dedication to achieving success in growing their business makes them a perfect partner for Nasdaq. We look forward to continuing our very successful relationship with Borsa Istanbul," added Bob Greifeld, CEO, Nasdaq, in an accompanying statement.
Earlier this week, Nasdaq made headlines after it acquired Chi-X Canada, an Alternative Trading System (ATS) for the Toronto Stock Exchange Stock Exchange A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the financial market and some of the most visible entities in the entire industry. Nearly every developed country boasts a domestic stock exchange, with many varying in importance and size.The largest stock exchanges in the world as of May 2020 include the New York Stock Exchange (NYSE), NASDAQ, Tokyo Stock Exchange, Hong Kong Stock Exchange, London Stock Exchange, EURONEXT, and Shenzen Stock Exchange. What Functions Do Stock Exchanges Perform?Stock exchanges have a variety of utility within the modern financial system. As its name suggests, a stock exchange is often the most important component of a stock market.Another crucial element of stock exchanges is the prevalence of initial public offerings (IPOs) of company stocks and bonds to investors. This is performed in both the primary market and subsequent trading the secondary market.Not any company or entity can be included on a stock exchange. To be able to trade a security on a certain exchange requires the listing of specific securities. Trading on an exchange is restricted to certified brokers who are members of the exchange. The traditional image of crowded trading floors has waned in recent years to include other various other trading venues.This includes electronic communication networks, alternative trading systems and "dark pools" which have ultimately seen the migration of trading activity away from traditional stock exchanges. A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the financial market and some of the most visible entities in the entire industry. Nearly every developed country boasts a domestic stock exchange, with many varying in importance and size.The largest stock exchanges in the world as of May 2020 include the New York Stock Exchange (NYSE), NASDAQ, Tokyo Stock Exchange, Hong Kong Stock Exchange, London Stock Exchange, EURONEXT, and Shenzen Stock Exchange. What Functions Do Stock Exchanges Perform?Stock exchanges have a variety of utility within the modern financial system. As its name suggests, a stock exchange is often the most important component of a stock market.Another crucial element of stock exchanges is the prevalence of initial public offerings (IPOs) of company stocks and bonds to investors. This is performed in both the primary market and subsequent trading the secondary market.Not any company or entity can be included on a stock exchange. To be able to trade a security on a certain exchange requires the listing of specific securities. Trading on an exchange is restricted to certified brokers who are members of the exchange. The traditional image of crowded trading floors has waned in recent years to include other various other trading venues.This includes electronic communication networks, alternative trading systems and "dark pools" which have ultimately seen the migration of trading activity away from traditional stock exchanges. Read this Term (TSX) and TSX Venture Securities, from Chi-X Global. The newly approved acquisition was instrumental for Nasdaq, which gained direct access to the Canadian equities market. Despite the approval of the deal by regulatory authorities, the actual acquisition is slated to close in Q1 2016 however.
The primary focus of the new initiative is for Borsa Istanbul's equity market, though the partnership will also utilize Nasdaq’s technology across its derivatives, debt securities, and precious metals markets. The decision to link up with Nasdaq is part of a broader focus by Borsa Istanbul, which has taken concrete steps to make its capital markets more competitive on the global state.
Back in October, Borsa Istanbul also integrated MetaTrader 5 into its exchange, effectively providing its investors with the latest foreign exchange (FX) and VIOP capabilities in the Gulf Area. As for its partnership with Nasdaq, the access to the exchange is the accord between Borsa Istanbul and the exchange operator, following an initial agreement back in July 2013.
According to said Tuncay Dinç, Chief Executive Officer (CEO), Borsa Istanbul, in a recent statement on the partnership, "We are delighted to have established a high impact global partnership with Nasdaq, anchored by the objective of serving the financial community in the region and worldwide.”
"I am confident that our combined know-how, powered by one of the most advanced technology suites available in the world today, will consistently offer a cutting edge trading experience to customers worldwide with greater opportunity, innovation and flexibility. BISTECH transformation is a huge step for Borsa Istanbul on the path toward our vision of becoming a global player," he noted.
"It has been an honor working with Borsa Istanbul as they emerge, unequivocally, as the capital markets heart of Eurasia. Their relentless dedication to achieving success in growing their business makes them a perfect partner for Nasdaq. We look forward to continuing our very successful relationship with Borsa Istanbul," added Bob Greifeld, CEO, Nasdaq, in an accompanying statement.
Earlier this week, Nasdaq made headlines after it acquired Chi-X Canada, an Alternative Trading System (ATS) for the Toronto Stock Exchange Stock Exchange A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the financial market and some of the most visible entities in the entire industry. Nearly every developed country boasts a domestic stock exchange, with many varying in importance and size.The largest stock exchanges in the world as of May 2020 include the New York Stock Exchange (NYSE), NASDAQ, Tokyo Stock Exchange, Hong Kong Stock Exchange, London Stock Exchange, EURONEXT, and Shenzen Stock Exchange. What Functions Do Stock Exchanges Perform?Stock exchanges have a variety of utility within the modern financial system. As its name suggests, a stock exchange is often the most important component of a stock market.Another crucial element of stock exchanges is the prevalence of initial public offerings (IPOs) of company stocks and bonds to investors. This is performed in both the primary market and subsequent trading the secondary market.Not any company or entity can be included on a stock exchange. To be able to trade a security on a certain exchange requires the listing of specific securities. Trading on an exchange is restricted to certified brokers who are members of the exchange. The traditional image of crowded trading floors has waned in recent years to include other various other trading venues.This includes electronic communication networks, alternative trading systems and "dark pools" which have ultimately seen the migration of trading activity away from traditional stock exchanges. A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the financial market and some of the most visible entities in the entire industry. Nearly every developed country boasts a domestic stock exchange, with many varying in importance and size.The largest stock exchanges in the world as of May 2020 include the New York Stock Exchange (NYSE), NASDAQ, Tokyo Stock Exchange, Hong Kong Stock Exchange, London Stock Exchange, EURONEXT, and Shenzen Stock Exchange. What Functions Do Stock Exchanges Perform?Stock exchanges have a variety of utility within the modern financial system. As its name suggests, a stock exchange is often the most important component of a stock market.Another crucial element of stock exchanges is the prevalence of initial public offerings (IPOs) of company stocks and bonds to investors. This is performed in both the primary market and subsequent trading the secondary market.Not any company or entity can be included on a stock exchange. To be able to trade a security on a certain exchange requires the listing of specific securities. Trading on an exchange is restricted to certified brokers who are members of the exchange. The traditional image of crowded trading floors has waned in recent years to include other various other trading venues.This includes electronic communication networks, alternative trading systems and "dark pools" which have ultimately seen the migration of trading activity away from traditional stock exchanges. Read this Term (TSX) and TSX Venture Securities, from Chi-X Global. The newly approved acquisition was instrumental for Nasdaq, which gained direct access to the Canadian equities market. Despite the approval of the deal by regulatory authorities, the actual acquisition is slated to close in Q1 2016 however.