The Deputy Chief of ISE in CSDI Headquarters

The first step of connection between Iran-turkey stock exchange is the CSD’s linkage.

Executive Vice President of Istanbul Stock Exchange (ISE) Mustafa Kemal Yilmaz says his company is ready for joint cooperation with Iran.

Speaking during a meeting in Tehran with CSDI President and CEO - (CSDI) Dr. Mohammad-Reza Mohseni, Yilmaz said that connection of the systems as well as carrying out post-transactions affairs by depository companies are considered as the first steps to be taken for boosting cooperation between stock markets of the two countries, CSDI public relations department reported.

As long as the post-transactions systems are not connected, the stock markets cannot initiate joint cooperation, Yilmaz said.

He underlined that Iran is an untapped market for foreign investors.

Meanwhile, the CSDI chief said that this company is preparing the grounds for joining Tehran Stock Exchange with other stock markets of the world.  

Dr.Mohseni called for implementation of already signed agreements between CSDI and the Central Securities Depository of Turkey (MKK) and Turkey’s Takasbank.

He said that Iran will propose launching a joint fund on the sidelines of a D-8 summit meeting next year, expressing hope that the fund will serve as a starting point for cooperation between capital markets of D-8 member states.

During his two-day visit to Tehran at the head of a 30-member delegation, Yilmaz also met with the managing-director of Securities and Exchange Organization (SEO) and some other top managers of Iranian capital market.    

Release Date: 4/2/2016

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