Post by Sapphire Capital on Aug 11, 2008 23:38:44 GMT 4
Monday, August 11, 2008
Source: Çetin Ali Dönmez
The Turkish Derivatives Exchange is a stock and a joint stock company established in Ýzmir. But it is a fact that many investors do not know much about it. Moreover, I observe that the Turkish press does not show sufficient interest in it. Its name appears only in tiny sections in prominent newspapers' economics pages. Some newspapers do not even give a place to it.
Given all this, the exchange now plans to have a number of promotion campaigns in an effort to introduce itself more and more investors in Turkey. And we definitely need support of our media in achieving this goal. At the Turkish Derivatives Exchange, we have futures exchanges (dollar & euro), index futures, gold futures, cotton futures and wheat futures. In my opinion, the most significant characteristic of the Turkish Derivatives Exchange is that it plays a crucial role in reflecting investors' expectations for the future of prices; therefore, paving the way for some economic and financial parameters to become more transparent. In doing so, it asks some caution money from all parties involved in transactions and monitor it everyday. In this way, it prevents any risks that stem from any parties to negatively affect other parties.
Change begins
We are cognizant that our role is big in the evolution of agricultural futures. We continue to work hard to revive the cotton futures that are still open to transactions but do not have sufficient volume. Our goal is to increase liquidity in cotton futures. We will soon adopt the market-making system for that. Market makers will be responsible for providing liquidity, and in return, we will provide them greater cost advantages. In order to achieve all these, we have been cooperating with Ýzmir Mercantile Exchange, which functions since 1891 and therefore has great experience. We are also having contacts with prominent actors like Tariþ, the first and the biggest union of agricultural sales cooperatives in Turkey. All in all, we are definitely quite hopeful about cotton futures.
We plan to accelerate our projects in all other agricultural futures too. Additionally, we have been working on an infrastructure that would gather all spot products stocks dispersed around in Turkey. We have been intensively collaborating with Takasbank for that. The main reason behind our efforts for the futures market is definitely to contribute to the growth of Turkey's economy, but, in particular, to pave the way for right pricing in agricultural products and to have producers and consumers be affected less by the future economic uncertainties.
On the other hand, a probable effective portfolio and risk management in the financial markets as well as a possible increase in the diversity of alternative investment tools will certainly benefit the real sector and all companies. That would also cause a decrease in costs for resources.
In order to be successful in our plans, we work hard to make more futures transactional. The Turkish Derivatives Exchange has caliber enough to compete with the world's developed stock exchanges. We have the self-confidence and demand your confidence in us.
Source: Çetin Ali Dönmez
The Turkish Derivatives Exchange is a stock and a joint stock company established in Ýzmir. But it is a fact that many investors do not know much about it. Moreover, I observe that the Turkish press does not show sufficient interest in it. Its name appears only in tiny sections in prominent newspapers' economics pages. Some newspapers do not even give a place to it.
Given all this, the exchange now plans to have a number of promotion campaigns in an effort to introduce itself more and more investors in Turkey. And we definitely need support of our media in achieving this goal. At the Turkish Derivatives Exchange, we have futures exchanges (dollar & euro), index futures, gold futures, cotton futures and wheat futures. In my opinion, the most significant characteristic of the Turkish Derivatives Exchange is that it plays a crucial role in reflecting investors' expectations for the future of prices; therefore, paving the way for some economic and financial parameters to become more transparent. In doing so, it asks some caution money from all parties involved in transactions and monitor it everyday. In this way, it prevents any risks that stem from any parties to negatively affect other parties.
Change begins
We are cognizant that our role is big in the evolution of agricultural futures. We continue to work hard to revive the cotton futures that are still open to transactions but do not have sufficient volume. Our goal is to increase liquidity in cotton futures. We will soon adopt the market-making system for that. Market makers will be responsible for providing liquidity, and in return, we will provide them greater cost advantages. In order to achieve all these, we have been cooperating with Ýzmir Mercantile Exchange, which functions since 1891 and therefore has great experience. We are also having contacts with prominent actors like Tariþ, the first and the biggest union of agricultural sales cooperatives in Turkey. All in all, we are definitely quite hopeful about cotton futures.
We plan to accelerate our projects in all other agricultural futures too. Additionally, we have been working on an infrastructure that would gather all spot products stocks dispersed around in Turkey. We have been intensively collaborating with Takasbank for that. The main reason behind our efforts for the futures market is definitely to contribute to the growth of Turkey's economy, but, in particular, to pave the way for right pricing in agricultural products and to have producers and consumers be affected less by the future economic uncertainties.
On the other hand, a probable effective portfolio and risk management in the financial markets as well as a possible increase in the diversity of alternative investment tools will certainly benefit the real sector and all companies. That would also cause a decrease in costs for resources.
In order to be successful in our plans, we work hard to make more futures transactional. The Turkish Derivatives Exchange has caliber enough to compete with the world's developed stock exchanges. We have the self-confidence and demand your confidence in us.