Borsa İstanbul is 40 Years Old: The Story of Reaching 596 from 19 Stocks

Historical Turning Points of Borsa Istanbul

Founded in 1986, Borsa Istanbul commenced trading with 19 stocks and has undergone a significant transformation to become a major financial center. Officially launched on January 3, 1986, the exchange has enriched itself with numerous innovations and developments since its inception.

Early Years and Technological Developments

In 1987, stock indices began to be calculated daily. In 1993, the transition to a computerized trading system was made with 50 companies. This step was crucial for the modernization of Borsa Istanbul. The integration process with international markets began in 1996, and the Treasury increased its access to foreign financing through bonds in international markets.

New Instruments and Market Development

From the early 2000s, Borsa Istanbul enriched its portfolio with new investment instruments. The launch of the Public Disclosure Platform in 2009 was an important step for the transparency of the market. In 2010, structured products known as warrants began trading for the first time in the exchange's history.

Modernization of Borsa Istanbul and Continuous Development

In 2013, the exchange was restructured and renamed Borsa Istanbul Inc., and it has celebrated many innovations since completing its 40th year. In 2019, TLREF, the Turkish Lira overnight reference interest rate, was introduced, providing a more integrated trading environment with global exchanges. Post-2020, the diversification of portfolios has continued to increase with the calculation of various indices each year.

Future Expectations

As of 2023, the number of stocks traded on Borsa Istanbul reached 596. While the public offering processes continue, Borsa Istanbul will continue to grow with projects such as the creation of a new venture capital market to celebrate its 150th anniversary. Additionally, in 2025, an increase in trading volume is expected with new Turkish Lira overnight reference interest rate contracts in the futures and options market.