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Topic: Business
Number of pages / Number of words: 6 / 1588
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Commercial paper can also be issued in various denominations, with even equal values. (Istanbul Stock Exchange (2003) Turkish Bond Market, Istanbul)

And how could securities markets come to days? The origin of an organized securities market in Turkey has its roots in the second half of the 19th century...


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The first securities market in the Ottoman Empire was established in 1866 under the name of "Dersaadet Securities Exchange" following the Crimean War. Dersaadet Exchange also created a medium for European investors who were seeking higher returns in the vast Ottoman markets. Following the proclamation of the Turkish Republic on the ruins of the Ottoman Empire, a new law was enacted in 1929 to reorganize the fledgling capital markets under the new name of "Istanbul Securities and Foreign Exchange Bourse...


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