VIOP organized a Steel Industry Meeting
Borsa İstanbul Derivatives Market (VIOP) organized a Steel Industry Meeting aimed at bringing together steel producers and intermediary institutions around the same table.
The meeting, held at the Turkish Capital Markets Association on July 1th, 2015, attracted top executives from steel producers and intermediary institutions and discussed the current situation of the steel scrap sector, potential areas of cooperation, introduction of VIOP steel scrap futures contracts and market making scheme in VIOP steel derivatives.
The meeting was opened by Uğur Dalbeler, Deputy Chairman of Turkish Steel Producers Association and General Manager of Çolakoğlu Metalurji A.Ş.. In his speech, Dalbeler talked about the significance of the risk management for the steel industry in the current market conditions and indicated that the VIOP steel scrap futures contracts provided an excellent hedging opportunity for the sector.
VIOP Group Director Muammer Çakır delivered a presentation on VIOP. In his presentation, Çakır talked about the firsts of VIOP, trade volume and open interest records and achievements; the contract specifications of VIOP steel scrap futures, VIOP's efforts to increase the liquidity of steel scrap contracts, opportunities offered by VIOP products for risk management, upcoming new steel contracts, new market making scheme based on revenue sharing for the steel contracts and the potential areas of cooperation with the industry for improving the liquidity of the steel contracts.
Following the coffee and networking break, a Q&A session was held. In this session, the participants were able to get answers to their questions and discussed potential areas of cooperation as well as the work toward raising awareness about risk management in the sector.