MILESTONES IN ISE HISTORY

2012

 

January: Appointment of Mustafa İbrahim Turhan Ph.D. as Chairman and CEO of the ISE.

2011

 

January: ISE launched the Automatic Circuit Breaker System.
January: Establishment of The Interbank Repo-Reverse Repo Market.
April: New regulation on the sale methods in the Primary Market to be initially listed on the Exchange.
•Book Building and Sale with a Fixed Price Method (Fixed Price Method)
•Book Building and Sale with Variable Price Method (Variable Price Method)
July:ISE launched the Dividend Indices

2010

 May-December: IPO Summit Turkey
July: Inauguration of Continuous Auction via Market Making Trading Mechanism
October-November: Stocks started to be traded as classified into A, B, C groups, Implementation of Unconditional Order Cancellation, Initiation of Phase I of Reducement in Price Ticks
Bonds & Bills Market: Offering Market for Qualified Investors, The Interbank Repo-Reverse Repo Market, Repo Market for Specified Securities were established
December: 25. Anniversary of the ISE

2009

February: City Indices launched for 9 cities
March: The Emerging Companies Market was established.
May: Public Disclosure Platform launched
2009 August: Istanbul Stock Exchange Emerging Companies Market Regulation was published with an aim to provide an organized and transparent market for trading of companies with growth and development potential.

2008

October: Mr. Hüseyin Erkan was elected as the Working Committee Chairman and member of the Board of Directors of the World Federation of Exchanges (WFE).

2007

April: International Bonds Market has started its operations within the ISE Foreign Securities Market on April 16, 2007. In the Market, listed Turkish Sovereign Eurobonds have been traded.
August: ISE started to calculate the Corporate Governance Index.
October: The “Memorandum of Understanding” was signed between the Istanbul Stock Exchange and the Shanghai Stock Exchange on October 16, 2007.
November: Appointment of Mr. Huseyin ERKAN as Chairman and CEO of the ISE.

2006

December: As of December 27, 2006, the ISE International Market and its submarkets (Depositary Receipts Market and International Market Bonds and Bills Market) was closed.

2005

February: ISE Executive Council has decided to launch a new index namely "ISE Corporate Governance Index".
March: Between March 28-29, 2005, the Organization of Islamic Conference (OIC) Member States' stock exchanges representatives and OIC institutions met in Istanbul, Turkey for the first round-table meeting among the stock exchanges of the OIC Member States.

2004

November: The "ETFs Market" was established with an aim to provide an organized and transparent market for trading of participation certificates of the ETFs.

2003

March: All orders submitted to the Stock Market for all stocks and during all sessions have been required to include customer account numbers.
March: Regional Markets and New Companies Market were renamed as Second National Market and New Economy Market, respectively.

2002

August: Stocks of companies, trading of which were suspended by the ISE for the reason that the disclosure requirements have not been fulfilled resulting with uncertaines preventing the formation of a health market, started to be traded off-exchange in line with the regulations entitled "Principles concerning off-exchange trading of stocks exchange trading of which have been suspended by the ISE" published on July 19, 2004.
November: Osman Birsen was re-appointed as ISE Chairman & CEO.

2001

October: The “Memorandum of Understanding” signed between the Korea Stock Exchange and the Istanbul Stock Exchange in 1996, has been renewed indefinitely on October 18, 2001.
December: Transition to Ex-API system within the framework of the Wide Area Network has started gradually.

2000

May: The Istanbul Stock Exchange participated in the capital of the Kyrgyz Stock Exchange by 27.4 percent upon its demutualization.
May: Primary dealership system was launched for Government Debt Securities.
June: The Istanbul Stock Exchange participated in the capital of the Baku Stock Exchange by 5. 26 percent as the 19th shareholder.
July: The number of members operating from their main offices at the Bonds and Bills Market, as a part of the Wide Area Network (WAN) project, reached 50.
July: Within the context of Wide Area Network Project, trading at the ISE’s Stock Market via workstations located at the headquarters of ISE members started on July 31, 2000. The number of members operating at the Stock Market from their offices reached 98 at the end of 2000

1999

January: ISE started to calculate ISE 100 Index on Euro basis.
May: ISE Settlement and Custody Bank (Takasbank) introduced the client name-based custody system.
June: A “Memorandum of Cooperation” between the ISE and London Stock Exchange was signed on June 2, 1999.
June: Memorandums of Cooperation were signed between the Istanbul Stock Exchange and the stock exchanges of Republics of Kazakstan, Kyrgyzstan and Uzbekistan.
July: The new computerized trading software for the Bonds and Bills Market, which had been developed within the framework of Wide Area Network (WAN) project since 1996, had been successfully completed and put into operation.
August: Starting from August 24, 1999, short-selling transactions and margin trading became available in all stocks traded on the ISE’s markets. Previously, authorized ISE members had the opportunity to engage in short-selling transactions only in stocks constituting the ISE-National 100 Index.
September: ISE’s Executive Council changed the trading hours for the Bonds and Bill Market. Accordingly, trading started to take place between 9:30-12:00 and 13:00-17:00.

1997

January: Introduction of new Stock Market indices as integers with the drop of two digits from base values.
February: ISE International Bonds and Bills Market has started its operations upon the listing of 40 international bonds issued by the Undersecretariat of Treasury for trading abroad.
August: Decease of ISE Chairman & CEO Mr. Tuncay ARTUN
August: Launch of the Repo and Reverse Repo Market on ISE International Market
October: Appointment of Mr. Osman BIRSEN as Chairman and CEO of the ISE.

1996

January: Initiation of banking services of the ISE Settlement and Custody Bank
July: Accepting of the applications for listing and trading on the ISE International Market.
September: Foreign Currency Denominated Government Debt Securities started to traded at the Outright Purchases and Sales Market of the Bonds and Bills Market.
December: Launch of the International Bonds and Bills Market within the ISE International Market

1995

January:Launch of the Regional Markets and the Wholesale Market
March:Designation of ISE Settlement and Custody Company as an “Eligible Foreign Custodian” by U.S. Securities and Exchange Commission (SEC)
March: Initiation of Custody Services on customer basis by the ISE Settlement and Custody Company
April: Disclosure of detailed balance sheet and income statements of companies including footnotes
April: Initiation of short selling transactions April: Launch of the New Companies Market
May: Moving to the new building in Istinye
May: Establishment of the “ Federation of Euro-Asian Stock Exchanges ” (FEAS) with 12 members
May: Establishment of Investor Counselling Center designed to provide information on the ISE's operations and traded companies
May: Recognition of the ISE as an “appropriate foreign investment market for the private and institutional Japanese investors” by the Japan Securities Dealers Association (JSDA)
July: Transformation of the ISE Settlement and Custody Company into the ISE Settlement and Custody Bank (Takasbank)

1994

April: Appointment of Mr. Tuncay ARTUN as Chairman and Chief Executive Officer of the ISE
September: Initiation of Small Orders Market in the Bonds and Bills Market
November: Full automation of stock trading

1993

January: Launch of the Rights Coupon Market and New Shares Market
February: Initiation of the Repo/Reverse Repo Market
October: Recognition of the ISE by the U.S. Securities and Exchange Commission (SEC) as a “Designated Offshore Securities Market”
December: Initiation of computerized stock trading with 50 stocks

1992

January: Transformation of the Settlement and Custody Center into an independent company
February: Commencement of trading of Corporate Bonds and Revenue-sharing Certificates in the Bonds and Bills Market
October: Acceptance of the ISE as a full member to The World Federation of Exchanges (WFE, previously FIBV)

1991

January: Commencement of the calculation of Financials and Industrials Indices in addition to the ISE Composite Index
June: Initiation of the Bonds and Bills Market and commencement of Outright Purchases and Sales Transactions

1990

March: Appointment of Mr. Yaman TORUNER as Chairman and Chief Executive Officer of the ISE

1989

July: Establishment of the Settlement and Custody Center
August: Issuance of Decree 32 which allows foreign investors to purchase and sell all types of securities in Turkey and repatriate the proceeds

1987

October: Commencement of daily calculation of ISE Indices which had so far been calculated on a weekly basis
November: Moving to the new building in Karakoy and initiation of the Manual Board System
December: External auditing of listed companies required

1986

January: Commencement of stock trading at the Cagaloglu building on January 3, 1986

1985

March: Appointment of Mr. Muharrem KARSLI as Chairman and CEO of the ISE. December: Inauguration of the Istanbul Stock Exchange under the Chairmanship of Mr. Muharrem KARSLI


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