Effective from February 1, 2016, Gedik Investment became a market marker in BIST30 Index Options and USD/TRY Futures.

Upon registration of Gedik Investment as a market maker, the number of market makers in BIST30 Index Options, which is a part of the revenue sharing market making scheme, has reached 3. Within the scope of the revenue sharing market making scheme, the first market maker in BIST30 Index Options started giving quotes in February 2015. Between February and December 2015, the traded value in BIST30 Index Options reached TL 2.686 billion, up 175 % compared to the same period of the previous year.

Mr. Muammer Çakır, Financial Derivatives Market Group Manager, said: “The success of revenue sharing market making program that we have developed in VIOP has attracted worldwide attention. This innovative approach which gives rise to healthy relationships between market makers and the exchanges, is ultimately leading to low spreads which is a valuable asset for all investors”.

Upon registration of Gedik Investment as a market maker for USD / TRY Futures in accordance with Circular no. 433 entitled VIOP Principles of Operation, the number of market makers increased to 2.The traded value of FX Futures Contracts increased from TL 32 billion to TL 104 billion, up by 224% in 2015, and was the fastest growing FX contract of the world.

The world’s fastest growing derivatives market Borsa İstanbul Derivatives Market (VIOP) is the region’s leading and most liquid derivatives marketplace where the investors and corporates come to manage their risk. VIOP offers the widest range of regional benchmark products across all major asset classes, including futures and options based on equity indices, currencies, interest rates, precious metals, commodities and energy with a central counterparty clearing service.