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Borsa Istanbul, LSE to partner on derivatives, index products

Author Yurkie Ali
Borsa Istanbul, LSE to partner on derivatives, index products

ISTANBUL (Turkey), January 13 (SeeNews) – Borsa Istanbul said on Tuesday it has signed a partnership agreement with London Stock Exchange Group (LSEG) covering derivatives and index products.

Under the agreement, London Stock Exchange Derivatives Market (LSEDM) will offer trading in futures and options on the BIST 30 Index and on leading Turkish stocks, Borsa Istanbul said in a statement. Independent clearing house CH Clearnet will provide central counterparty services to LSEDM and its clearing members.

Subject to regulatory approval and customer readiness, London trading in the products is expected to be available in the second half of 2015.

Borsa Istanbul said also that it plans to launch an index partnership with FTSE, a unit of LSEG which provides stock market indices and associated data services, by the end of 2015. The partnership will involve all Borsa Istanbul-owned and other relevant indices reference Turkish securities.