Bourse Istanbul registered as sole exchange entity of Turkey

Borsa Istanbul (Bourse Istanbul) is registered as sole exchange entity of Turkey on Wednesday. Turkey's Deputy Prime Minister Ali Babacan said the main agreement for "Borsa Istanbul" was registered on April 3, disincorporating Istanbul Stock Exchange (ISE) and Istanbul Gold Exchange (IAB).   In a written statement Babacan stated that the New Capital Markets Law had been published in the Official Gazzette on December 30, 2012 and according to that law, "Borsa Istanbul" was established as an incorporated company. Babacan noted that the founding capital for "Borsa Istanbul" was 423 million 234 thousand Turkish lira (TL). He said Ibrahim Turhan would be the chairman of the board while Osman Akyuz, Mustafa Buyukabaci, Seyit Ahmet Iskin, Huseyin Kelezoglu, Isinsu Kestelli, Kamil Attila Koksal, Talat Ulussever ve Meliksah Utku would be the board members.