Borsa Istanbul

Borsa Istanbul was formed April 3, 2013 and began operating two days later as a consolidation of three predecessor Turkish markets, the Istanbul Stock Exchange founded in 1985, the Istanbul Gold Exchange, and the Derivatives Exchange of Turkey, tracing organized securities trading in the city back to 1866 under the Ottoman Empire. Headquartered in Istinye, Istanbul, it trades equities, bonds, revenue sharing certificates and other securities across roughly 655 listings and carried a market capitalization of about 346.2 billion US dollars in 2023. Ownership is concentrated in the sovereign Turkey Wealth Fund, which holds about 80.6 percent of the exchange, with smaller stakes held by QH Oil Investments, the Turkish Capital Markets Association and other shareholders.