Akbank Becomes Market Maker In USD/TRY Options At Borsa Ä°stanbul VIOP

Effective from May 2, 2016, Akbank became a market maker in USD/TRY Options.

Upon registration of Akbank as a market maker, the number of market makers in USD/TRY Options has increased totwo. The trade volume in USD/TRY Options, under the new market making program,  reached TRY 4.2 billion, up to 70 folds in 2015 compared to the previous year. The number of accounts trading in the related contracts also increased with the introduction of the new market making program. Domestic and foreign investors’ interest in USD/TRY Options are expected to further increase.

One of the world’s fastest growing derivatives market Borsa Ä°stanbul Derivatives Market (VIOP) is becoming the region’s most preferred risk management platform for investors and companies in management of all kinds of risks with the wide range of regional benchmark products across all major asset classes, increasing liquidity and central counterparty clearing service.