Over-counter markets do not reflect Turkish lira

By Gokhan Ergocun

ISTANBUL (AA) - Unusual conditions in foreign over-the-counter FX swap markets do not reflect the true picture of Turkish lira markets, Turkey's Borsa Istanbul said Thursday.

These conditions cause uncalled for price movements, it said in a statement.

It added: "Pricing is continuing healthy and as usual in the swap market of our stock exchange."

Accessing domestic market from foreign over-the-counter market would contribute to healthy pricing, the statement went on to say.

"Foreign banks, which are active in Turkey and member of Borsa Istanbul Markets, and institutions, which are active in foreign over-the-counter market, can transact in our stock exchange. We invite all market players," it concluded.