In line with the Memorandum of Understanding (MoU) signed between Borsa İstanbul and Tehran Stock Exchange (TSE) on October 26, 2015, first steps were taken towards increasing cooperation and closer bilateral relations.
The key aspect of the cooperation efforts involves dual listing of companies between the two exchanges. The Forum in Tehran represents an important first step towards Borsa İstanbul’s and Turkish capital markets’ goal of increased cooperation with Iran.
According to mondovisione.com, Turkish delegation led by Borsa İstanbul CEO Tuncay Dinç included representatives from; Capital Markets Board, Turkish Capital Markets Association, intermediate institutions, investment banks, law firms and portfolio management companies. Iranian intermediate institutions, investment banks and financial consulting companies have shown substantial interest to the Forum which was attended by more than 150 participants.
The Iran-Turkey Capital Market Forum facilitated identification of concrete cooperation areas between capital markets institutions of the two countries and initiated subsequent infrastructure preparation efforts. Borsa İstanbul delivered presentations on its public offering and trading processes to Iran capital markets institutions and Iranian companies. Additional topics such as Islamic financial instruments and derivatives have been reviewed as well.