ANKARA
Borsa Istanbul on Tuesday signed a deal allowing the London Stock Exchange to list futures and options based on the BIST 30 Index and on leading Turkish stocks, the Istanbul exchange said In a statement on Tuesday.
The Borsa's flagship BIST 30 Index futures currently trade, on average, more than 170,000 contracts per day on Borsa İstanbul.
The deal is subject to regulatory approval, the statement said.
“London trading in the products is expected to be available in the second half of 2015,” according to the statement.
Turkey merged the Istanbul Stock Exchange, Gold Exchange and Derivatives Exchange into Borsa Istanbul in 2013 as it seeks to create an international financial center in Istanbul.
Borsa Istanbul will be ready to list with London in early 2016, according to its officials.
