Establishment of ElüsMarket ÜPAK Inc.

ElüsMarket ÜPAK Inc. was established on April 29, 2024, to carry out intermediary activities on the Turkish Mercantile Exchange (TÜRİB).

The company operates as a Commodity Market Intermediary Institution (ÜPAK) within the scope of the Regulation on Intermediary Activities and the Supervision and Oversight of Intermediaries on the Turkish Mercantile Exchange.

Fields of Activity

ElüsMarket ÜPAK Inc. aims to enhance the effectiveness of the licensed warehousing system by intermediating the transmission of orders in the Electronic Warehouse Receipt (EWR) market.

The company contributes to ensuring that agricultural products are traded within a more secure, transparent and accessible market structure.

Shareholding Structure

The shareholding structure of ElüsMarket ÜPAK Inc. consists of 21 commodity exchanges and İş Yatırım Menkul Değerler A.Ş.

İzmir Commodity Exchange is also among the founding shareholders of ElüsMarket ÜPAK Inc.

Contribution to the Agricultural Products Market

ElüsMarket ÜPAK Inc. facilitates the secure and efficient execution of Electronic Warehouse Receipt transactions for producers, industrial companies, traders and investors.

By contributing to the development of the licensed warehousing ecosystem, the company supports the deepening of agricultural commodity markets and the more effective use of financial instruments in the agricultural sector.