Takasbank A.Ş. is a specialized investment bank, providing clearing, settlement, collateral management, custody, asset transfer, cash credit, and other financial services to brokerage houses and members of the Turkish Capital market. Takasbank is the only authorized settlement center responsible for executed-trade clearing and settlement in markets operating under Borsa Istanbul, as well as traded contract clearing, settlement, and collateral management.
With more than 20 years of experience in steering capital markets, the company has maintained its growth through an efficiency-oriented, high-quality service approach, and through customer trust and reputation. As one of the region’s pioneering and guiding investment institutions, it also serves to ensure coordination between international markets. Providing swift, secure, and effective services to a growing and globalizing market through its electronic service platform, Takasbank provides innovative solutions that contribute to the development of capital markets in Turkey as well as in neighboring countries.
“As soon as we decided to change our database management system, we began a proof of concept period with potential suppliers. We needed a solution that offered high-availability and could easily convert 9,000 Sybase T-SQL stored procedures to its own programming language—a real challenge,” said A. Orkan Genç, database and middleware management manager, Takasbank A.Ş.
“All suppliers provided very reasonable presentations demonstrating how they could handle the high-availability challenge. Each provider’s solution was quite convincing. But we wanted to see how these theories worked in practice. We needed timely onsite testing, a reliable conversion tool, and a high level of local support. Only Oracle was able to deliver these for us. In addition, the amount of Oracle documentation—either official or personal blogs—provided us with a huge problem-solving and system-improvement resource library, which is a significant asset for our team,” Genç said.