The Istanbul Stock Exchange (ISE)

Turkish: Istanbul Menkul Kiymetler Borsasi, IMKB

Serious Information

Trivia

The Istanbul Stock Exchange is the only corporation in Turkey for securities exchange established to provide trading in equitiesbonds and bills, revenue sharing certificates, private sector bonds, foreign securities and real estate certificates as well as international securities. Situated in a modern building complex in Emirgan, on the European side of Istanbul since May 15, 95.

The Istanbul Stock Exchange (ISE) was established in early 1986. The ISE is governed by an Executive Council composed of five members elected by the General Assembly. Mr. Osman BIRSEN was appointed as the Chairman and Chief Executive Officer of the ISE by the government on October 25, 1997. Four other members of the Council represent the three categories of Exchange members: development banks, commercial banks and brokerage houses.

The origin of an organized securities market in Turkey has roots in the second half of the nineteenth century. The first securities market of the Ottoman Empire was established in 1866 under the name of "Dersaadet Securities Exchange" following the Crimean War. Dersaadet Exchange also created a medium for European investors seeking higher returns in Ottoman markets. Following a proclamation of a Turkish Republic on the ruins of the Ottoman Empire, a law was enacted in 1929 to reorganize the fledgling capital markets under the new name of "Istanbul Securities and Foreign Exchange Bourse."

Soon, the Bourse became very active and contributed substantially to the funding requirements of new enterprises across the country. However, its success was clouded by a string of events, including the 1929 Depression and the impending Second World War abroad which had taken their toll in the embryonic business world. During the industrial drive of subsequent decades, there was a continuous increase in the number and size of joint stock companies which began to open up their equity to the public. Those mature shares faced a strong and growing demand from mostly individual investors and some institutional investors.

The early phase of the 1980's saw a marked improvement in the Turkish capital markets, both in regard to the legislative framework and the institutions required to set the stage for sound capital movements. In 1981, the "Capital Market Law" was enacted. One year later, the main regulatory body responsible for the supervision and regulation of the Turkish securities market, the Capital Markets Board based in Ankara, was established.

A new decree was issued in October 1983 foreseeing the setting up of securities exchanges in Turkey. In October 1984, the "Regulations for the Establishment and Functions of Securities Exchanges" was published in the Official Gazette. The regulations concerning operational procedures were approved in the subsequent extraordinary meetings of the General Assembly and the Istanbul Stock Exchange was formally inaugurated at the end of 1985.

The simplicity of the Istanbul Stock Exchange emblem merits a moment of contemplation. The spherical shape has obvious worldly significance, whilst the lower horizontal line depicts Turkey’s position between the 36th and 42th parallel. The upper curved line is representative of the bridging of the continents, Europe and Asia, with the bold white line connecting the North and South poles indicating the ‘I’ of Istanbul. The overall background colour of turquoise has always been recognised as the traditional colour of the Turkish people.
http://www.ise.org/

Address: Istanbul Stock Exchange (IMKB)
Resitpasa Mah. Tuncay Artun Cd.
Emirgan 34467 – ISTANBUL

Trivia

Istanbul (Turkish: Istanbul, see also: other names) is Turkey's largest city, and its cultural and economic center. It is located on the Bosphorus strait, and encompasses the natural harbor known as the Golden Horn (Turkish: Haliç), in the northwest of the country. Istanbul extends both on the European (Thrace) and on the Asian (Anatolia) side of the Bosphorus, and is thereby the only metropolis in the world which geographically is situated on two continents. In 2000 Census, population is 8,803,468 (city proper) and 10,018,735 (province), making it, by some counts, one of the largest cities in Europe.

Istanbul is the homeland of many soccer teams; among them four top teams: Galatasaray SK, Fenerbahçe SK, Besiktas JK and Istanbulspor AS.

Galatasaray (1905) have been Turkish national champions 16 times since 1959 and won the UEFA cup and the UEFA super Cup in the year 2000. They play in the Ali Sami Yen Stadium, which has a capacity of scarcely 22,500 seats. A modern arena, which is to replace the current stadium, is planned within Seyrantepe. It will have up to 50,000 seats. Istanbul hosts the Turkish Grand Prix. The annual Formula 1 race is held at the Istanbul Park.

Byzantium was the original name of the modern city of Istanbul. Byzantium was originally settled by Greek colonists from Megara in 667 BC and named after their king Byzas. The name "Byzantium" is a transliteration of an original Greek name. With the fall of Rome and the Western Roman Empire, the name of the city was changed to Constantinople and became the sole capital of what historians now call the Byzantine Empire.

On May 29, 1453 the city fell to the Ottoman Turks (see the Fall of Constantinople) and was part of the Ottoman Empire until its official dissolution on November 1, 1922. The Ottoman Turks called the city Konstantiniye or Istanbul.

foreign names for city

latin = Constantinopolis

Spain = Estambul

Esperanto = Istanbulo

Portugal = istambul

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