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| • Turkey struggles in search for sustainability |
The first has great significance for Borsa chairman, Ibrahim Turhan. “This is a ground-breaking development that marks a new era for the Turkish capital markets. The fact that Nasdaq has come in as a partner rather than a supplier is an important indication of confidence in the Turkish capital markets.” Turhan said the Borsa held long discussions and meetings with the New York Stock Exchange, the Chicago Mercantile Exchange, the London Stock Exchange and Deutsche Börse, before plumping for Nasdaq.
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