Wednesday, September 9, 2009

Turkish Central Registry Agency (MKK) uses Boomerang Gateway

Merkezi Kayit Kurulusu A.S. (MKK) (Central Registry Agency Inc.) is the central securities depository for dematerialized capital market instruments in Turkey.

Equities, mutual fund certificates, ETFs and private sector debt instruments and the rights related to them are registered electronically in book-entry form with respect to issuers, brokerage houses, banks, and portfolio management companies on an end-user basis. CRA also acts as the securities agent for the settlement system.

Pozitron provided its SMS Gateway Boomerang made the implementation for MKK which will use SMS as alerts for brokerage transactions.