BISTECH Project Phase II Derivatives Market (VIOP) participant briefing was held at Borsa Ä°stanbul Conference Hall on August 24, 2016, with the participation of the market members, independent software vendors (ISVs) and data vendors.
During the meeting, Borsa Ä°stanbul CIO M. Ufuk ÖZDEMÄ°R presented the project calendar to the participants and shared detailed information about the project status and progress with the participants. Afterwards, Borsa Ä°stanbul VIOP and Takasbank representatives thoroughly explained the planned updates regarding the VIOP operation principles including clearing and risk management, the ongoing activities regarding the BISTECH transformation and the upcoming technological differences. Following that, a Q&A session was held.
BISTECH Technological Transformation Program aims to merge all markets of Borsa Ä°stanbul on a single trading platform in conformity with the strategic partnership agreement signed between Borsa Ä°stanbul A.Å. and NASDAQ.
The first phase of the project regarding the transformation of the Equity Market was successfully completed on November 30, 2015. The second phase of the project covers the transformation of the Financial Derivatives Market (VIOP) to BISTECH systems in the first quarter of 2017. The transformation program will continue with the migration of the Debt Securities Market and the Precious Metals & Diamonds Market.
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Borsa İstanbul: BISTECH Project Phase II Derivatives Market Participant Briefing Held On August 24, 2016
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