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Istanbul Stock Exchange Signs A Memorandum Of Understanding With Macedonian Stock Exchange

Date 08/05/2012

During the XIII Annual Conference of the Macedonian Stock Exchange, İMKB Chairman and CEO Mr. İbrahim Turhan and Macedonian Stock Exchange CEO Mr. Ivan Steriev signed a Memorandum of Understanding on May 4 in Skopje. The main purpose of the Memorandum of Understanding is the deepening and enhancement of the already established cooperation between the two stock exchanges.

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By signing this Memorandum, both exchanges expressed their willingness to collaborate in several areas: the transfer of know-how referring, inter alia, trading in securities, order routing, listing of securities, settlement and clearing, dissemination of information as well as the surveillance of transactions; the exchange of information and expertise regarding their activities, markets and operations; the organization of joint events with the common objective of improving the understanding and knowledge of capital markets and exchanges in both countries and the establishment of a channel of communication in respect of the ongoing and systematic flow of information between the two exchanges.

As Mr. Turhan stated on the occasion of the singing of the Memorandum: “We are opening gate for a new era, a new field where we look for new opportunities for collaboration and cooperation. This Memorandum will contribute to the already good relations between Macedonia and Turkey and it will be a benefit of our nations. It will be a win-win situation and in future, I am sure we will deliver very good outcome out of this first step.”

 

Mr. Steriev also stressed out that “the signing of this Memorandum represents a new chapter in the already successful bilateral relations between the two exchanges and is of a particular importance for the Macedonian Stock Exchange taking into consideration that İMKB is one of the largest stock exchanges in the wider region.”