Abstract
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."
Table of Contents
- IDC Financial Insights Opinion
- In This Study
- Situation Overview
- Recent Trends
- Potential Impact
- The Approach
- Key Strategic Elements
- Regulation
- Regulatory Modernization
- Enhancing Regulatory Scrutiny
- Market Efficiency
- The Advance of Electronic Trading
- Improving Clearing and Settlement
- Liquidity
- The Reliance on Retail
- Competing to Concentrate Pan-Regional Liquidity
- Product Development
- Multi-Asset Versus Asset-Specific Venues
- The Possibilities for Islamic Finance Products
- Technological Sophistication
- Trading Platforms
- Physical Infrastructure and Network Connectivity
- Future Outlook
- Essential Guidance
- Learn More
- Related Research
- Synopsis
- Figure: Performance of MSCI Emerging and Frontier Markets Index Relative to Major Market Indices
