A Roadmap for Integrated Information Systems in Capital Markets: Case of Turkey
Journal Title: International Journal of Financial Markets - Year 2016, Vol 2, Issue 3
Abstract
Increase in processing, communication and integration capabilities of information systems also benefited capital markets as much as other financial services. Exchanges and post-trade service firms widely recognize the fact that the speed and integrity demands of the investors are more easily satisfied by integrating the heterogeneous systems. This research aims to propose a three stage roadmap to explore the possibilities of achieving a higher level of integration between the three main actors of the capital markets of Turkey; namely Borsa Istanbul Inc. that is responsible for order collection, order matching and execution, Takas bank that provides settlement, clearing and custody services within Turkish capital markets, and Central Registry Agency Inc. which is the central securities depository institution of Turkey. This three stage roadmap includes establishment of a capital markets technology firm, unification of application portfolios and unification of data centers.
Authors and Affiliations
Meltem Ozturan, Dogac Senol, Gulsah Yilmaz, Cem Osken, Sezay Demirbacak
Keywords
Related Articles
- EP ID EP28719
- DOI -
- Views 260
- Downloads 8
Fiscal Adjustment in Times of Crisis: The Case of the Euro-Area
Countries in the European Monetary Union have been divided into two major blocks according to their ability to respect fiscal criteria and ensure sound public finance. The widespread belief is that this ability influen...
Households’ Debt and Financial Sustainability in South Africa
The objective of this study was to analyse South African household sectors’ financial behaviour in respect of how households historically reacted to their aggregate debt position during the period 1990-2013. Following...
A Masterpiece In Further Studies on The Self-Regulation of Securities Industry in China - on Reading
With the emergence of financial crisis occurred in 2008, those most affected states vigorously started to conduct out relevant reform on their domestic financial supervision systems regarding financial market structure...
Impact of Nigerian Financial Markets on the Economic Growth
This paper examines the impact of capital market on economic growth in Nigeria. This study used a multiple regression analysis to compute the annual time series variables. Some of these variables are; Annual Market cap...
Impact of Microfinance Banks on Income Earning Activities of Rural Dwellers in South Western Nigeria
Due to the in ability of the conventional commercial banks to fulfil their financial obligation towards the rural dwellers in terms of their micro businesses. These loopholes have led to the establishment of micro fina...