Local Developments in Enhancing University – Industry Collaborations

1. Local Developments in Enhancing University – Industry Collaborations Borsa Istanbul’s Experiences Ass.Prof.Dr. Erk HACIHASANOĞLU Group Manager, Borsa İstanbul

2. 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.)

3. 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 14financial centers • is not yet at the same level with prominent global financial hubs in terms of human capital Source: World Bank, Z/Yen GFCI16*, WEF 2013, Global Talent Competitiveness Index 2013 , http://www.webometrics.info/en/node/54 1

4. UNIVERSITY STOCK EXCHANGE COLLABORATION EXAMPLES • Global exchanges put emphasis on enhancing collaborations with academia 2

5. CONFERENCES AND OTHER COLLABORATIONS Organized Events; Link for all events: http://borsaistanbul.com/en/corporate/research-and-business-development/seminars-and-conferences 3

6. 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

7. 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

8. 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

9. 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

10. 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

11. 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

12. THANK YOU