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Macedonia,Turkey : MoU signed between Istanbul Stock Exchange and Macedonian Stock Exchange
Publish Date : 10-May-2012
Istanbul Stock Exchange has inked a memorandum of understanding (MoU) with Macedonian Stock Exchange.
The MoU stated that the two exchanges will collaborate covering different areas mainly to include inter alia, trading in securities, order routing, listing of securities, settlement and clearing, dissemination of information and the surveillance of transactions.
The two exchanges will even set up a channel of communication in regards to the ongoing and systematic flow of information between them.
Chairman and CEO of Istanbul Stock Exchange, Ibrahim Turhan said, \"This Memorandum will contribute to the already good relations between Macedonia and Turkey and it will be a benefit of our nations.\"
CEO of Macedonian Stock Exchange, Ivan Steriev said, \"The signing of this Memorandum represents a new chapter in the already successful bilateral relations between the two exchanges and is of a particular importance for the Macedonian Stock Exchange taking into consideration that IMKB is one of the largest stock exchanges in the wider region.\"
