Istanbul welcomes bets of mystery trader known as `The Dude'

ISTANBUL (April 13): Istanbul’s stock exchange is delighted to be attracting the attentions of a mysterious trader known locally as “The Dude.”

“This ‘Dude’ is buying from our market, why should we be concerned? He is doing good stuff,” Borsa Istanbul AS Chairman and Chief Executive Officer Himmet Karadag told Bloomberg in a Wednesday interview.

The trader first came to prominence in early 2016, when locals started noticing a series of massive bets dictating the direction of the Turkish stock market. On Monday, for instance, Borsa Istanbul data show that buy orders through a single brokerage favored by the unknown investor were responsible for almost half of the day’s total.

---

Related Stories

• Azalea’s Altrium Co-Invest Fund I and Altrium Growth Fund I surpass target fund sizes at closing
• Franklin Templeton partners OCBC to launch new Franklin Income Fund share class in Singapore
• Double-clicking on data management for Apac stock exchanges

---