Establishment and Fields of Activity of TÜRİB

Turkish Mercantile Exchange Inc. (TÜRİB) was established on June 8, 2018, pursuant to Law No. 5174 on the Union of Chambers and Commodity Exchanges of Türkiye and Law No. 5300 on Licensed Warehousing of Agricultural Products.

TÜRİB operates to facilitate the trading of Electronic Warehouse Receipts (EWRs) and futures contracts based on EWRs.

By enhancing the effectiveness of the licensed warehousing system, TÜRİB enables agricultural products to be traded through a reliable, transparent and competitive electronic platform.

Shareholding Structure

TÜRİB's shareholding structure includes the Union of Chambers and Commodity Exchanges of Türkiye (TOBB), Turkish Grain Board (TMO), Borsa İstanbul Inc., Takasbank, Central Securities Depository of Türkiye, state-owned banks and commodity exchanges operating throughout Türkiye.

İzmir Commodity Exchange is also among the founding shareholders of TÜRİB.

Contributions to the Agricultural Sector

TÜRİB contributes to the development of the licensed warehousing system by ensuring that Electronic Warehouse Receipts are traded in a secure, transparent and efficient market.

It facilitates producers' access to broader markets and supports the reliable electronic trading of agricultural products.

It also contributes to transparent, competitive and sustainable price formation in the agricultural sector.