Turkdex

TurkDEX a joint stock corporation, was formed and authorized by theTurkish Capital Markets Board to launch the first and only derivatives exchange in the country and founded on February 4th 2005. The Exchange is headquartered in Izmir, which is the third largest city in Turkey. TurkDEX offers a core product base of financial and commodity instruments via its electronic trading platform. Its primary objective is to develop and provide derivatives to help traders, hedgers, and investors to manage their risks effectively According to the Futures Industry Association, TurkDEX was the world’s one of the fastest developing exchange in 2009. Turkdex has received recently CFTC No Action letter, which allows all US investors to trade Turkdex’s ISE-30 futures.

Despite the global turbulence, TurkDEX’s trading volume continued to grow sharply. Today TurkDEX is listed among the major derivatives exchanges. The Futures Industry Association (FIA) publication short-listed TurkDEX as one of the fastest developing exchanges in the derivatives industry. TurkDEX has witnessed a tremendous growth in its trading value since its first year of operation. TurkDEX reached a total trading value of over 263 billion USD in 2011. Equity index options and currency options to be launched during 2012 are expected to give another big boost to the trading volume.