Traders who want to execute orders in the Turkish stock market can now get information on companies there from a unique source within the country.
Rosenblatt Securities, a boutique brokerage firm, and Ak Investment, a leading brokerage firm in Turkey and a wholly-owned subsidiary of Akbank have announced that they have signed an exclusive agreement to bring Turkish research, corporate access, capital-markets transactions and execution services to U.S. institutional investors.
Ak Investment has a veteran group of analysts, with an average of more than ten years of experience. A key competitive advantage of the research team is its access to C-level management of the companies under its coverage, as well as key individuals in public institutions such as the Treasury and Central Bank in Ankara, which lie at the heart of key macroeconomic developments and decision-making.
Ak Investment’s equity analysts cover 65 Borsa Istanbul-listed companies, comprising approximately 85% of the exchange’s total market capitalization and trading volume, and are ranked among the top analysts in Turkey.
The Ak Investment research department was ranked No. 1 among 33 foreign and domestic brokerage houses covering Turkey in the 2015 Extel Survey’s best research team category.
The deal represents another step by Rosenblatt to bring research from outside the U.S. to its institutional customer base and away from its execution-only roots.
Rosenblatt also has exclusive distribution partnerships with China Merchants Securities, Taiwan’s SinoPac Securities, Atjari Intermediation in Morocco, CardinalStone Partners in Nigeria, Global Investment House in Kuwait and Old Mutual Securities in Kenya. Rosenblatt and its partners now offer clients research from dozens of analysts covering more than 1,500 companies in 18 countries.