Local Developments in Enhancing University – Industry Collaborations

Borsa Istanbul’s Experiences

Ass.Prof.Dr. Erk HACIHASANOĞLUGroup Manager, Borsa İstanbul

AGENDA

THE IMPORTANCE OF UNIVERSITIES FOR FINANCIAL

CENTERS

UNIVERSITY STOCK EXCHANGE COLLABORATIONS

COLLABORATIONS BETWEEN BORSA ISTANBUL AND

UNIVERSITIES

CONFERENCES, OTHER COLLABORATIONS

CARF (CENTER FOR APPLIED RESEARCH IN FINANCE )

JOINT VENTURES BETWEEN BORSA ISTANBUL AND

UNIVERSITIES

SOFTWARE COMPANY

TECHNOPARK (FINANS TEKNOPARK A.Ş.)

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THE IMPORTANCE OF UNIVERSITIES FOR FINANCIAL CENTERS

Source: World Bank, Z/Yen GFCI16*, WEF 2013, Global Talent Competitiveness Index 2013 , http://www.webometrics.info/en/node/54

R&D, innovation, HR development are supported within the scope of İstanbul Financial Center Project

İstanbul; ranked low in number of universities at top 1000 compared to top 14 financial centers

is not yet at the same level with prominent global financial hubs in terms of human capitalFinancial Center Country Ranking* Num. of Univ.at Top

1000 (per 10 mil.)Human Capital (HC) Overall Index

HC Education Index

HC Workforce and Employment Index

Global Talent Index

New York USA 1 8,4 16 11 4 9London United Kingdom 2 9,8 8 10 10 7Hong Kong Hong Kong 3 8,6 - - -

Singapore Singapore 4 4,0 3 3 2 2

San Francisco USA 5 8,4 16 11 4 9

Tokyo Japan 6 2,4 15 28 11 21

Zurich Switzerland 7 12,5 1 4 1

Seoul South Korea 8 4,2 23 17 23 28

Boston USA 9 8,4 16 11 4 9

Washington DC USA 10 8,4 16 11 4 9

Toronto Canada 11 9,1 10 2 15 11

Chicago USA 12 8,4 16 11 4 9

Geneva Switzerland 13 12,5 1 4 1 1

Vancouver Canada 14 9,1 10 2 15 11

İstanbul Turkey 42 1,4 60 77 83 67

2

UNIVERSITY STOCK EXCHANGE COLLABORATION EXAMPLES

Global exchanges put emphasis on enhancing collaborations with academia

Stock Exchange University Collaboration Topics

TMX Group Various Universities Offering to the student community a national perspective on the financial industry

Singapore Exchange Nanyang Technological University NTU-SGX Centre for Financial Education for capital market professionals in Asia

Shanghai Stock Exchange Fudan University Professional training, collaboration in scientific research and sharing of intelligence resources

National Stock Exchange of India New York University Stern School of Business Initiative on the Study of Indian Capital Markets

NASDAQ OMX Various Universities NASDAQ OMX Educational Foundation Inc./ Awards

Johannesburg Stock Exchange University Of Johannesburg Financial reporting investigation

Japan Exchange Group University of Tokyo Research

EUREX Shanghai Advanced Institute Of Finance, Shanghai Jiao Tong University Research and financial education

Deutsche BörseCardiff Business School, LSE, Goethe University, University Of Kent, The Chinese University Of Hong Kong etc.

Education and training, HR development

Deutsche Börse Singapore Management University Access to market data

Deutsche Börse Frankfurt and Darmstadt Universities E-finance lab

CME Group University Of Illinois Increasing the public's understanding of the enormous value of agriculture commodities

CME Group Various Universities Education on derivatives

CME Group Tulane University Simulated energy trading

Bombay Stock Exchange Ryerson University Start-ups

BM&FBovespa Endeavor Institute And Babson College Entrepreneurship programs

Abu Dhabi Securities Exchange Abu Dhabi University Institutional development, curriculum development, and information dissemination

3

CONFERENCES AND OTHER COLLABORATIONS

Organized Events;

Link for all events:http://borsaistanbul.com/en/corporate/research-and-business-development/seminars-and-conferences

4

CENTER FOR APPLIED RESEARCH IN FINANCE

Established in March 2014

In collaboration between Borsa İstanbul and Boğaziçi University

Mission

– Theoretical & empirical research on

quantitative finance

financial innovation and technologies

asset pricing

portfolio management

market microstructure

investor behavior

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CENTER FOR APPLIED RESEARCH IN FINANCE

Aiming at

Contributing to the decision process of actors in Turkish financial

sector

Providing solutions for policy makers & regulators to the current

economic issues.

Supporting the IFC: making İstanbul an academic and professional

hub in financial innovation

Developing new products

Improving the cooperation between academia, investment banks,

funds, investors and domestic & foreign regulatory authorities

Advisory and training

Contributing to the academic careerS of B.S., M.S and Ph.D.

Students (both academic and practical)

Publishing articles in high-level international journals

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CENTER FOR APPLIED RESEARCH IN FINANCE

Subject of activity

Interdisciplinary studies combining different fields such as finance, economics, mathematics, engineering

Developing financial products and technologies

Collaborations with national/international institutions

Publishing and translation activities

Organizing scientific meetings, conferences, workshops etc.

Providing advisory services to related parties

7

SOFTWARE COMPANY

Long Term Perspective

Borsa Istanbul and Istanbul Technical University have been planning to establish a software company

It will be located at ITU ARI Teknokent

The aim of the project is to synthetize the experience of Borsa Istanbul with the academic knowledge of ITU in order to contribute financial sector

8

FİNANS TEKNOPARK A.Ş.AIM OF THE PROJECT

to establish a thematic (finance-oriented) technopark in İstanbul

to host companies which develop products and software in financial

IT field

Structure of technopark Borsa İstanbul Boğaziçi University

Founders ü üShareholders 50% 50%

9

FİNANS TEKNOPARK A.Ş.DIFFERENCES OF FİNANS TEKNOPARK

The unique technopark in Turkey

with finance-oriented structure

Project will reveal the fact that

progress in technology can be

sustained by cooperation between a

stock exchange and a university

It is aimed to allocate at least ten

percent (legally five percent) of

rental areas for incubation center

THANK YOU