Turkish gold bourse prepares for 24-hour trade

Turkey's Istanbul Gold Exchange (IAB) is aiming to increase volumes and offer new investment vehicles as it moves to 24-hour electronic trading, the bourse chairman said.
The bourse is benefiting from growing interest in gold among investors, both globally and in Turkey, as a safe haven amid geo-political tensions and the dollar's weakness.
Capitalising on growing demand, the IAB plans to move to fully automated trading in the first half of this year, IAB Chairman Vahdettin Ertas told Reuters in an interview. Orders are currently written on paper and then entered into computer.
"In the second stage of the same project we will move to remote access. Our members will be able to make their orders in their offices without coming here," he said.