Warrants are capital markets instruments that give the holder
the right, but not any obligation, to buy (call warrant) or sell
(put warrant) underlying assets, indices, stocks (shares of
companies listed or to be listed), or other indicators such as
commodities or precious metals, at a certain price, quantity, and
on or until a specific maturity date.
As an investment tool in Turkey, the warrant is relatively new,
as the very first listing of Turkish warrants was made in August
2010 on the Turkish stock exchange (namely Borsa Istanbul), and
these instruments have been traded since then. In fact, warrants
are becoming more attractive to Turkish investors every day,
because investors must invest only a small amount of capital rather
than buying the underlying itself at a higher cost. That being
said, warrants also provide control of different stocks at one time
using less capital. This is a good reason for investors to put
warrants in their portfolio instead of the
