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 1 Source: World Bank, Z/Yen GFCI16*, WEF 2013, Global Talent Competitiveness Index 2013,  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 CountryRanking* 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 YorkUSA18, LondonUnited Kingdom29, Hong Kong 38,6--- Singapore 44,03322 San FranciscoUSA58, TokyoJapan62, ZurichSwitzerland712,514 1 SeoulSouth Korea84, BostonUSA98, Washington DCUSA108, TorontoCanada119, ChicagoUSA128, GenevaSwitzerland1312,51411 VancouverCanada149, İstanbulTurkey421,

UNIVERSITY STOCK EXCHANGE COLLABORATION EXAMPLES 2  Global exchanges put emphasis on enhancing collaborations with academia Stock ExchangeUniversityCollaboration Topics TMX GroupVarious Universities Offering to the student community a national perspective on the financial industry Singapore ExchangeNanyang Technological University NTU-SGX Centre for Financial Education for capital market professionals in Asia Shanghai Stock ExchangeFudan University Professional training, collaboration in scientific research and sharing of intelligence resources National Stock Exchange of IndiaNew York University Stern School of BusinessInitiative on the Study of Indian Capital Markets NASDAQ OMXVarious UniversitiesNASDAQ OMX Educational Foundation Inc./ Awards Johannesburg Stock ExchangeUniversity Of JohannesburgFinancial reporting investigation Japan Exchange GroupUniversity of TokyoResearch EUREX Shanghai Advanced Institute Of Finance, Shanghai Jiao Tong University Research and financial education Deutsche Börse Cardiff Business School, LSE, Goethe University, University Of Kent, The Chinese University Of Hong Kong etc. Education and training, HR development Deutsche BörseSingapore Management UniversityAccess to market data Deutsche BörseFrankfurt and Darmstadt UniversitiesE-finance lab CME GroupUniversity Of Illinois Increasing the public's understanding of the enormous value of agriculture commodities CME GroupVarious UniversitiesEducation on derivatives CME GroupTulane UniversitySimulated energy trading Bombay Stock ExchangeRyerson UniversityStart-ups BM&FBovespaEndeavor Institute And Babson CollegeEntrepreneurship programs Abu Dhabi Securities ExchangeAbu Dhabi University Institutional development, curriculum development, and information dissemination

CONFERENCES AND OTHER COLLABORATIONS Organized Events; Link for all events: conferences 3

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 4

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 5

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 6

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 7

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 8 Borsa İstanbulBoğaziçi University Founders Shareholders 50%

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 9

THANK YOU