LSEG Builds Ties with Borsa Istanbul

The London Stock Exchange Derivatives Market (LSEDM) will provide trading in futures and options on the flagship BIST 30 Index, which currently averages more than 170,000 contracts traded per day on Borsa Istanbul.

LCH.Clearnet is to provide central counterparty services to LSEDM and its clearing members.

"Turkey is currently one of the most exciting emerging markets in the world, and will be in a key position to help shape the global economic agenda, through its Presidency of the G20 in 2015," says Xavier Rolet, CEO, London Stock Exchange Group. "This agreement is an important step in the ongoing development of London Stock Exchange Derivatives Market, presenting our global client base with the unique opportunity to trade and clear Turkish futures and options in international markets. It underlines the Group's commitment to enhancing London's position as the world's most international capital market, working with Borsa İstanbul to help boost its liquidity and appeal to global investors."

Index Partnership
The agreement also includes an index partnership between FTSE and Borsa Istanbul to be launched by the end of 2015.

The partnership will deliver a set of index products which have adopted the International Organization of Securities Commissions (IOSCO) regulatory standards, and will enable Borsa İstanbul's Turkish market platform to enhance its levels of accessibility for international investors.

"The index partnership will build on the Group's powerful track record of working with ambitious exchanges around the world to develop cutting-edge index products," adds Rolet. "Following our recently completed acquisition of the Frank Russell Group, this further highlights the unique global reach that the FTSE and Russell index franchises can provide for our global partners."