London Stock Exchange Group Signs Partnership agreement with Borsa Istanbul

  • LSEDM to offer trading in Turkish index and equity derivatives products

London Stock Exchange Group (LSEG) today announces that it has signed a partnership agreement with Borsa İstanbul, covering derivatives and index products.

Under the terms of the partnership agreement London Stock Exchange Derivatives Market (LSEDM) will offer trading in futures and options on the BIST 30 Index and on leading Turkish stocks. In addition, LCH.Clearnet will provide central counterparty services to LSEDM and its clearing members.

The flagship BIST 30 Index futures currently trades, on average, more than 170,000 contracts per day on Borsa İstanbul. Subject to regulatory approval and customer readiness, London trading in the products is expected to be available in the second half of 2015.

In addition, FTSE and Borsa İstanbul plan to launch, by the end of 2015, an index partnership involving all Borsa İstanbul-owned and other relevant indices referencing Turkish securities. The partnership will enable Borsa İstanbul’s Turkish market platform to enjoy the full benefits of FTSE's unique technical expertise, top global positioning, and leading customer footprint. The partnership will deliver a set of index products which have adopted the IOSCO regulatory standards, and represents a significant enhancement in accessibility for international investors to Turkish markets.