IS Investment, the investment banking arm of Turkey’s Isbank, has joined Marco Polo Network (MPN), an independent multi-asset, broker-neutral platform that facilitates electronic trading into and out of emerging markets.
IS will now offer its direct market access (DMA) and electronic desk access services to Marco Polo’s community of emerging market investors.
IS is the most active investment house on both the Istanbul Stock Exchange and the Turkish Derivatives Exchange in terms of transaction volumes, executing approximately 60,000 futures and stock DMA orders every day.
“MPN has an extensive global footprint and we think that the partnership will bring the investment opportunities of Turkish capital markets within reach to an untapped community of investors and enable us to provide a new and efficient gateway for our customers to take advantage of IS Investment’s DMA services,” said Serkan Aran, head of cash and futures trading at IS Investment, in a statement.
Andreas Prochazka, vice president of sales and marketing at Marco Polo Europe, added, “IS Investment, a large and robust broker and part of Turkey’s largest private bank, will open many opportunities to our global customer base. We believe that providing investors with DMA will be the key competitive advantage as global brokers and buy-side clients seek more transparency and control in the trading process.”
MPN, which provides investors with access to more than 90% of the MSCI emerging market index, is partially owned by the New York Stock Exchange and the International Finance Corporation, the private sector arm of the World Bank Group.