The first Iran-Turkey Capital Markets Forum, aimed at increasing cooperation between Borsa İstanbul and Tehran Stock Exchange, was organized on February 29 in Tehran.
In line with the Memorandum of Understanding (MoU) signed between Borsa İstanbul and Tehran Stock Exchange (TSE) on October 26, 2015, first steps taken towards increasing cooperation and closer bilateral relations. The first “Iran-Turkey Capital Markets Forum” was organized by the two exchanges on Monday, February 29 in Tehran.
The key aspect of the cooperation efforts involves dual listing of companies between the two exchanges. The Forum in Tehran represents an important first step towards Borsa İstanbul’s and Turkish capital markets’ goal of increased cooperation with Iran.
Turkish delegation led by Borsa İstanbul CEO Tuncay Dinç included representatives from; Capital Markets Board, Turkish Capital Markets Association, intermediate institutions, investment banks, law firms and portfolio management companies. Iranian intermediate institutions, investment banks and financial consulting companies have shown substantial interest to the Forum which was attended by more than 150 participants.
The Iran-Turkey Capital Market Forum facilitated identification of concrete cooperation areas between capital markets institutions of the two countries and initiated subsequent infrastructure preparation efforts. Borsa İstanbul delivered presentations on its public offering and trading processes to Iran capital markets institutions and Iranian companies. Additional topics such as Islamic financial instruments and derivatives have been reviewed as well.
Borsa İstanbul CEO Tuncay Dinç, in his speech during the Forum said “This is a perfect time to carry our collaboration efforts to the next level because Iranian and Turkish economies will significantly differentiate from most of the world economies in coming years. With their young population and strong local demand and fundamentals, these two major economies will dominate in our region. There is another catalyst as well: we all know the opening of Iranian economy to the world will contribute to all economies in MENA region including Turkey. Of course, such an economic growth requires development of capital markets. We need more capital to reach our economic targets. We need more public companies to support our economies. We need more local and foreign investors to invest in our companies. We have to attract significant amount of funds to realize our upcoming big projects. Turkey and Iran are close neighbors with a total economic size of USD 1,2 billion and good foreign trade volume. They share a history of peace for hundreds of years. Accordingly, as two exchanges, we may work together to help our economies grow and be a part of our strong linkages. There are so many potential areas of cooperation including derivatives, data vending, post-trade and others. We will focus on these issues during these two days here and beyond.”
Tehran Stock Exchange CEO, Dr. Hassan Ghalibaf Asl said ”One of the major developments between the two exchanges was signing of an MoU on 26 October 2015 in Istanbul; this opens a new chapter for TSE and Borsa İstanbul’s cooperation. Today’s Forum is an important step in order to implement the document. The Forum provides us an excellent platform in which market entities will benefit from the potential capacities of each other, so that long term strong relations will be built. I would like to thank Turkish investors and business people for their interest in Iranian capital markets. The securities markets of Turkey developed considerably in recent years and interesting connections have been established with global markets, which can be a great opportunity for Iranian market players and investors.”
A Memorandum of Understanding (MoU) has been signed between Borsa İstanbul and Tehran Stock Exchange on October 26, 2015 during the visit of executives from Tehran Stock Exchange and Securities and Exchange Organization of Iran to Borsa İstanbul. The MoU aims at fostering cooperation and developing mutually beneficial business opportunities for the two exchanges. The MoU between Borsa İstanbul and Tehran Stock Exchange entails exchange of information and expertise, exchange of staff, organization of joint events and development of dual listing opportunities.
Answering or rather to see all I have said I can separate the truth from what does viagra look like is certain based on the thing that to do.
