Futures and options exchange status, development of Turkey and an application upon of lookback options

In a globalizing world , business and various shopping transactions has begun to create a much greater economic impact . The first futures exchange in the world known 16th century Japanese history until the 18th century that endured its first regular stock market was established in the United States Chicago Board Of Trade ( CBOT ) respectively. In the following years, big corporations and the coming together of organizations Deutsch Germany Aktienindex (DAX ) and Japan 's Nikkei Stock Average ( NIKKEI 225 ) has been and Izmir Futures Exchanges in Turkey ( VOB) installed and then replaced by Borsa Istanbul (BIST ) it has left the futures market which has taken its name . This growing market has revealed the various derivative transactions with it. The resulting process differences of all the purchases and sales of the completely risk level between product or commodity buyers and sellers on the maximum download and economic data of the trading volume of the exchange has sought the right and be reflected statistically . Derivatives market , purchase and sale transactions were made with contracts make it more reliable. Futures , Future support this kind of operation method , forward , swap , American, European type, options and other exotic varieties are a good example . Based on the derivatives markets in history a long time ago and people still go to create a concept that has been created with their needs. The resulting structures and institutions established in the company , the purchase has been secured protection from risks . Call and put of Futures with redundancy and diversity of products made in the group and Options Exchange, has led to the creation of a high volume quantities realization of buying and selling to the development of a more advanced level of the stock species ratio in the derivatives market and worldwide. It includes many investors in emerging markets have recognized it , have created the world stock exchanges in various countries together under one roof. In the thesis the most important and futures options exchanges in the world, Turkey has been prepared as a general examination . The current stock of this species in this study consists of five sections and based on statistical data ,we have tried to ensure that the ideal and understandable. Futures are , we observe the world will have a further transaction volume grew in importance and in general the following years. In a global marketplace , now already in the United States , Europe, Asia and other continents of the world it made this process occurs in the statistical data to be circulating in Billion dolar. Keywords: VIOB, CBOT, DAX, NIKKEI, BIST, Option, Lookback option