Local Developments in Enhancing
University – Industry Collaborations
Borsa Istanbul’s Experiences
Ass.Prof.Dr. Erk HACIHASANOĞLU
Group 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.)
THE IMPORTANCE OF UNIVERSITIES FOR
FINANCIAL CENTERS
 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 capital
Financial
Center
Country
New York
London
Hong Kong
USA
United Kingdom
Hong Kong
1
2
3
8,4
9,8
8,6
16
8
-
11
10
-
4
10
-
9
7
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
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
Ranking*
Num. of Univ.at Top Human Capital
1000 (per 10 mil.)
(HC) Overall Index
HC Education HC Workforce and Global
Index
Employment Index Talent Index
Source: World Bank, Z/Yen GFCI16*, WEF 2013, Global Talent Competitiveness Index 2013 , http://www.webometrics.info/en/node/54
1
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UNIVERSITY STOCK EXCHANGE
COLLABORATION EXAMPLES
 Global exchanges put emphasis on enhancing collaborations with academia
Stock Exchange
University
TMX Group
Various Universities
Singapore Exchange
Nanyang Technological University
Shanghai Stock Exchange
Fudan University
National Stock Exchange of India
New York University Stern School of Business
Collaboration Topics
Offering to the student community a national
perspective on the financial industry
NTU-SGX Centre for Financial Education for capital
market professionals in Asia
Professional training, collaboration in scientific research
and sharing of intelligence resources
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
Research
Deutsche Börse
University of Tokyo
Shanghai Advanced Institute Of Finance, Shanghai Jiao
Tong University
Cardiff Business School, LSE, Goethe University,
University Of Kent, The Chinese University Of Hong Kong
etc.
Singapore Management University
Deutsche Börse
Frankfurt and Darmstadt Universities
CME Group
University Of Illinois
CME Group
Various Universities
E-finance lab
Increasing the public's understanding of the enormous
value of agriculture commodities
Education on derivatives
CME Group
Tulane University
Simulated energy trading
Bombay Stock Exchange
Ryerson University
Start-ups
BM&FBovespa
Endeavor Institute And Babson College
Abu Dhabi Securities Exchange
Abu Dhabi University
Entrepreneurship programs
Institutional development, curriculum development, and
information dissemination
EUREX
Deutsche Börse
2
Research and financial education
Education and training, HR development
Access to market data
CONFERENCES AND OTHER
COLLABORATIONS
Organized Events;
Link for all events:
http://borsaistanbul.com/en/corporate/research-and-business-development/seminars-andconferences
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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
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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
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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
Founders
Shareholders
Boğaziçi University


50%
50%
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FİNANS TEKNOPARK A.Ş.
DIFFERENCES OF FİNANS TEKNOPARK
 The unique technopark in Turkey with financeoriented 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
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THANK YOU