Turkey and the GCC countries have made huge strides in recent years to enhance their relevance within the global financial system. Regulatory and exchange modernization has paved the way for more sophisticated international participation in their financial markets, but this journey is far from complete.
"Emerging markets in Central Europe and the Middle East have long been identified as key growth areas for global capital markets institutions, but it is clear that there are still significant issues to address in terms of market efficiency, liquidity, and connectivity before institutions can begin to consider delivering the same type of services and access to their clients that they do in the developed world," said Matthew Clay, senior research analyst, Capital Markets and Risk, EMEA. "While political turmoil in parts of the Middle East may prevent these issues from being addressed promptly in the GCC, Turkey's financial markets appear well set to rise further in global prominence in the next five years."
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IDC Financial Insights: European Banking IT Strategies , IDC Financial Insights: Middle East and Africa Banking IT Strategies , IDC Financial Insights: Worldwide Securities and Investment Management Strategies
LONDON STOCK EXCHANGE GROUP PLC, Gielda Papierow Wartosciowych w Warszawie S.A., Istanbul Menkul Kiymetler Borsasi, Hellespont High Frequency Trading Fund, L.P., HSBC HOLDINGS PLC, Takasbank Istanbul Menkul Kiymetler Borsasi Takas ve Saklama Bankasi A.S., Lehman XS Nim Co, DO & CO Restaurants & Catering AG, NYSE EURONEXT, CCP Contact Probes Co., Ltd., Thomson Reuters Corporation