Izmir Ticaret Borsasi

What Izmir Ticaret Borsasi does

İzmir Ticaret Borsası (İzmir Commodity Exchange / ICE) is Turkey's oldest commodity exchange, established in 1891 in İzmir and operating as a TOBB-accredited private non-profit. It serves agricultural commodity traders, producers, exporters, and industrial buyers through regulated spot trading halls covering cotton, seedless raisins (sultanas), oilseeds, meat, and live animals, with reference price determination by authorized committees and official transaction registration that confers legal recognition on trades.

The exchange's technology stack combines physical trading halls with electronic systems: E-TESCIL for electronic transaction registration, the E-Commodity Bazaar online marketplace for forward and reverse auctions of wholesale agricultural products (supporting English and Turkish), the İZLADAŞ cotton testing laboratory recognized internationally as the 'analysis authority' for Turkish cotton, and the ELİDAŞ licensed warehouse network whose electronic warehouse receipts (ELÜS) trade on ICE's electronic platform. ICE also operates İTTM (İzmir Agricultural Technology Center), a Living-Lab R&D ecosystem positioned as 'Silicon Valley of Turkish Agriculture', and runs BORSAV, Turkey's first commodity exchange foundation, for training and social programs. Integration with the national TÜRİB specialized commodity exchange extends ICE's footprint into derivatives-adjacent services.

ICE generates revenue through six streams: annual membership fees (categorized by member type — producer, merchant, exporter, industrial buyer), per-transaction registration fees (capped at 5,000 TRY as of 2026), İZLADAŞ laboratory analysis fees, facility rentals (including the historic ICE Palace), education and training programs, and arbitration services for commercial disputes. Go-to-market combines direct membership services, electronic self-serve platforms, government programs such as TOBB Nefes Kredisi, and event-driven engagement through trade fairs, conferences (e.g., Mediterranean Cotton Roads, AgroExpo), and community projects. ICE holds ISO 9001, 10002, and 14001 certifications and processes commodities tied to approximately 12% of Turkey's national agricultural exports.

Name

Izmir Ticaret Borsasi

Legal name

İzmir Ticaret Borsası

Website

https://itb.org.tr

Company type

Private

Founded year

1891

Operating status

Operating

Headcount range

11–50 employees

Short description

İzmir Ticaret Borsası is Turkey's oldest commodity exchange (founded 1891), operating regulated spot trading halls and electronic platforms for cotton, sultanas, oilseeds, and meat, serving agricultural traders, producers, exporters, and industrial buyers.

Ownership category

akta.pro rank

Product category

Agricultural Commodity Exchange

NAICS

Securities and Commodity Exchanges (523210), Securities and Commodity Exchanges (5232), Securities and Commodity Exchanges (52321), Commodity Contracts Intermediation (523160)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Commodity Contracts Brokers & Dealers (6221)

akta.pro primary industry

Physical Spot Commodity Exchanges / Marketplaces (FSAFAMAH)

akta.pro secondary industries

Agricultural Commodities Exchanges (Grains, Oilseeds, Livestock) (FSAFAMAA), Commodity Derivatives Exchanges (Futures & Options on Commodities) (FSAFAMAG), Dispute Resolution, Arbitration & Independent Third-Party Verification (AFAOAMAI)

Keywords

• Agricultural commodity exchange
• Commodity trading halls
• Reference price determination
• Electronic transaction registration
• Cotton laboratory testing

Headquarters

HQ city

Izmir

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Others

Revenue model

1. Membership Fees (Aidat): ICE generates revenue from annual membership fees paid by member companies and traders. Members are categorized by type (producer, merchant, exporter, industrial buyer) with different fee structures. Fee inquiry and payment are handled through the online member services portal.
2. Transaction Registration Fees (Tescil Ücretleri): Fees charged for registering commodity transactions conducted through the exchange trading halls. A maximum (ceiling) registration fee is set by the Assembly — as of 2026, the ceiling was raised to 5,000 TL. These are transactional fees per trade.
3. Laboratory Services (İZLADAŞ): Cotton testing and analysis services provided through the İZLADAŞ laboratory. Analysis fee schedule is publicly available on the ICE website. Revenue is generated per analysis performed.
4. Hall Services and Facility Use: Revenue from trading hall operations and meeting/seminar facilities, including the ICE Palace historical building, for member events and external bookings.
5. Education and Training Programs: Revenue from member training, consumer training, vocational training, gastronomy training, and agricultural production/technology seminars organized by ICE and its foundation BORSAV.
6. Arbitration (Tahkim) Services: Arbitration services for resolving commercial disputes among members and the broader commercial community, governed by ICE's optional arbitration regulations.

Pricing tiers

Go-to-market motion2 records

Distribution channels6 records

Marketing channels7 records

Core offering

İzmir Ticaret Borsası operates as Turkey's oldest commodity exchange (founded 1891), running physical trading halls for cotton, sultana raisins, oilseeds, and meat/live animals, with electronic registration (E-TESCIL), electronic marketplace (E-Commodity Bazaar), cotton laboratory testing (İZLADAŞ), and licensed warehousing (ELİDAŞ). The exchange determines official reference prices, issues legally recognized transaction registrations, and provides arbitration services to agricultural traders, producers, exporters, and industrial buyers. AS TOBB-affiliated accredited exchange, it serves as the central price discovery and transaction certification venue for Turkish agricultural commodities.

Product overview

Izmir Ticaret Borsasi (Izmir Commodity Exchange) operates as a commodity exchange with multiple trading halls for agricultural products including cotton, sultana raisins, oilseeds, and meat products. The exchange offers electronic registration (E-TESCİL), laboratory services through İZLADAŞ, and licensed warehouse facilities via ELİDAŞ. Additional services include market data bulletins, arbitration services, and geographical indication registrations. The organization also manages subsidiary initiatives including the Izmir Agricultural Technology Center (ITTM) positioned as an agricultural technology innovation hub, BORSAV foundation for education and training, and E-Commodity Bazaar electronic marketplace platform.

Differentiator

Problem solved

Functional benefit

Brands

• İZLADAŞ: Cotton laboratory services providing analysis for cotton quality testing
• E-Commodity Bazaar
• İTTM - İzmir Tarım Teknolojileri Merkezi
• BORSAV

Products and services

• Cotton Trading Hall (Pamuk İşlem Salonu) Physical trading hall for cotton spot market transactions with reference price determination by designated committee members, daily bulletins, and historical price data. Used by cotton traders, producers, and exporters in the Aegean region.
• Sultana Raisins Trading Hall (Çekirdeksiz Kuru Üzüm İşlem Salonu) Physical trading hall for seedless raisin (sultana) transactions with reference pricing determined from session transactions, buyer/seller offers, and market quotations. Handles tüccardan tüccara, tüccardan işletmeciye, and tüccardan ihracatçı sales types.
• Oil Seeds Trading Hall (Yağlı Tohumlar Salonu) Physical trading hall for oil seed commodities with reference prices determined by professional group members on Tuesdays and Thursdays. Serves oilseed traders, processors, and exporters.
• Meat and Live Animals Trading Hall (Canlı Hayvan ve Et Salonu) Physical trading hall for live animal and meat product transactions with closing prices determined through trading session transactions. Serves meat producers, livestock traders, and industrial buyers.
• E-TESCIL Electronic Registration System Online electronic registration system at webtescil.itb.org.tr enabling members to remotely register agricultural commodity transactions and obtain official transaction records. Provides legally recognized transaction registration and certification.
• E-Commodity Bazaar Electronic Marketplace Electronic marketplace platform enabling ICE members to exhibit products, conduct forward and reverse auctions, and share contact information for wholesale agricultural commodities. Supports English and Turkish. Connected to ELÜS licensed warehouse certificates.
• İZLADAŞ Cotton Laboratory Services Cotton fiber quality testing and analysis laboratory providing official quality certification for cotton traded on the exchange. Recognized among the best cotton laboratories globally. Analysis fee schedule publicly available.
• ELİDAŞ Licensed Warehouse Services Licensed warehouse services for storing agricultural commodities including cotton, with electronic product certificates (ELÜS) that can be traded on the E-Commodity Bazaar electronic platform. Operated by Ege Tarım Ürünleri Lisanslı Depoculuk A.Ş.
• Arbitration Services (Tahkim) Optional arbitration services for resolving commercial disputes among members and the broader commercial community, governed by ICE's İsteğe Bağlı Tahkim Yönetmeliği. Petition forms and relevant legislation available on the website.
• Geographical Indications Registration and Promotion Registration and promotion of geographical indications for agricultural products including Aegean Sultana Grape, Aegean Cotton, Aegean Fig, Ödemiş Potato, and Bergama Kozak Pine Nut.

Quantifiable outcome

• Izmir accounts for ~12% of Turkey's national agricultural exports, processed through ICE facilities
• +3 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration6 records

AI capability3 records

Feature7 records

Partnerships

21 partnerships are on record, tiered core, flagship and minor.

• Hellenic Cotton Association (Greece)coreStrategic or Co-development Partner · 28 November 2024Partner in organizing the 7th Mediterranean Cotton Roads event in İzmir. Greece is a leading Mediterranean cotton-producing country. Jointly hosted with ICE in November 2024.
• Centro Algodonero Nacional de España (Spain)coreStrategic or Co-development Partner · 28 November 2024Spanish national cotton association, partner in the 7th Mediterranean Cotton Roads event. Spain is a key Mediterranean cotton producer.
• Enterprises Development Organization (KOSGEB) – EU and Foreign Relations DirectoratecoreStrategic or Co-development Partner · 28 May 2024KOSGEB is the national coordinator of the COSME – Single Market Programme in Turkey. ICE's OASIS project operates under this framework with KOSGEB oversight.
• İzmir Tarım Teknoloji Merkezi (İTTM)flagshipStrategic or Co-development Partner · 16 May 2024İTTM (Izmir Agricultural Technology Center) is an ICE-led initiative establishing a Living-Lab ecosystem for agricultural technology innovation. Coordinated by ICE with partners from Turkey and Europe. Target: become Turkey's first agricultural technopark.
• Ege İhracatçı Birlikleri (Aegean Exporters' Associations)coreStrategic or Co-development Partner · 16 May 2024Turkish partner in the OASIS project. Represents the Aegean region's exporters and contributes to the olive and olive oil sector value chain strengthening initiative.
• Centro Tecnológico Nacional de la Conserva – CTNC (Spain)coreStrategic or Co-development Partner · 16 May 2024Spanish partner in the OASIS project, bringing food technology expertise and Mediterranean agrifood sector experience to the olive value chain initiative.
• Camara De Comercio e Industria Italiana Para Espana – CCIS (Italy)minorStrategic or Co-development Partner · 16 May 2024Italian Chamber of Commerce in Spain, participating in OASIS as a partner to facilitate cross-border cooperation in the Mediterranean olive sector.
• CIHAEM Bari – Mediterranean Agronomic Institute of Bari (Italy)coreStrategic or Co-development Partner · 16 May 2024Italian research institute partner in OASIS, contributing agricultural research expertise and sustainable practices knowledge for the olive value chain.
• Unioncamere Puglia (Italy)minorStrategic or Co-development Partner · 16 May 2024Union of Chambers of Commerce of Puglia Region, Italy, participating in OASIS to support SMEs in the olive sector.
• BORSAV – İzmir Ticaret Borsası Eğitim, Kültür ve Sosyal İlişkiler Vakfı (ICE Education, Culture and Social Integration Foundation)flagshipStrategic or Co-development Partner · 26 April 2022Turkey's first commodity exchange foundation, officially launched April 2022. BORSAV aims to contribute to agricultural development through training (member, consumer, vocational, gastronomy), environmental sustainability, and agricultural branding. Long-term goal: spearhead establishment of an agricultural university. All ICE Assembly members serve as BORSAV Board of Trustees.
• Izmir Metropolitan MunicipalitycoreStrategic or Co-development Partner · 28 December 2021ICE and Izmir Metropolitan Municipality signed a cooperation protocol for the Aegean Gastronomy Project. The municipality provides financial support and contributes to meetings, symposiums, workshops, events, training, seminars, and promotion activities. The project aims to brand Aegean gastronomy nationally and internationally.
• İzmir Development Agency (İZKA)flagshipStrategic or Co-development PartnerICE and İZKA signed the official project contract for the establishment of the Izmir Agricultural Technology Center (İTTM). İZKA provides project guidance and administrative support. İTTM is a Living-Lab ecosystem for agricultural technology R&D, located at the UTAEM campus in Menemen, İzmir.
• UTAEM – International Agricultural Research and Training Center Directorate (Ministry of Agriculture and Forestry)flagshipStrategic or Co-development PartnerİTTM is being established on the UTAEM campus. The Ministry of Agriculture and Forestry is a project partner, enabling the center to leverage Turkey's most extensive agricultural R&D network and infrastructure.
• Türkiye Odalar ve Borsalar Birliği (TOBB)coreStrategic or Co-development PartnerICE is affiliated with TOBB, the Union of Chambers and Commodity Exchanges of Türkiye. TOBB provides the regulatory framework for accredited exchanges, coordinates national economic policy, and runs programs like TOBB Nefes Kredisi (SME financing) and TOBB Kadın Girişimciler Kurulu (Women Entrepreneurs Board).
• ELİDAŞ – Ege Tarım Ürünleri Lisanslı Depoculuk A.Ş.coreTechnology or IntegrationELİDAŞ operates licensed warehouses for agricultural commodities including cotton, enabling electronic warehouse receipts (ELÜS) that can be traded on ICE's electronic platforms. This integration connects physical storage with the electronic commodity marketplace.
• İZLADAŞ (Cotton Laboratory)coreTechnology or IntegrationİZLADAŞ is ICE's cotton testing laboratory. It serves as the official 'analysis authority' of Turkish cotton. Recognized among the best cotton labs globally. Provides fiber quality testing for ICE trading hall transactions and external clients.
• Ege UniversitycoreStrategic or Co-development PartnerEge University collaborates with ICE on multiple initiatives including the 'Soil and the Children' programme (Faculty of Education), agricultural economics research, and jury participation in ICE competitions.
• İzmir Institute of Technology (İYTE)coreStrategic or Co-development PartnerİYTE is a university partner in the ITTM ecosystem, contributing technology and engineering expertise for agricultural innovation.
• Yaşar UniversityminorStrategic or Co-development PartnerYaşar University collaborated with ICE on the 2015 Social Responsibility Project ('Struggle Against Drug Addiction'). Also participates in competition juries.
• TOBB İzmir Kadın Girişimciler Kurulu (TOBB İzmir Women Entrepreneurs Board)minorStrategic or Co-development PartnerICE hosts the TOBB İzmir Women Entrepreneurs Kurulu, supporting women's entrepreneurship in the agricultural sector.
• FloraHolland (Netherlands)minorStrategic or Co-development PartnerICE delegation visited FloraHolland (Dutch flower auction) in 2015 as part of international knowledge sharing and cooperation in agricultural market systems.

Scale indicators10 records

Recent moves8 records

Expansion highlights6 records

Broad incumbents

• Intercontinental Exchange (ICE): Global exchange operator with cotton, sugar, coffee, and cocoa futures contracts. Broad incumbent in commodity exchange infrastructure serving agricultural producers and merchants internationally — comparable as the global price reference venue for commodities ICE Turkey trades physically.
• Multi Commodity Exchange of India (MCX): India's leading commodity derivatives exchange trading agricultural commodities including cotton, oilseeds, and pulses. Broad incumbent in emerging-market commodity exchange infrastructure serving agricultural producers, with comparable model of physical-spot and electronic trading integration.
• Chicago Mercantile Exchange (CME Group): Global commodity derivatives exchange operating agricultural contracts including cotton, grains, and livestock. Broad incumbent comparable as the dominant global exchange for commodity price discovery and standardized contract trading that ICE's electronic platforms ultimately serve.

Direct peers

• Türkiye Ürün İhtisas Borsası (TÜRİB): Turkey's Specialized Commodity Exchange for electronic warehouse receipt trading. Directly comparable as the national platform where ELÜS certificates from licensed warehouses (including ICE's ELİDAŞ) are traded, serving overlapping members and trading flows.
• Polatlı Ticaret Borsası: Major Turkish grain-focused commodity exchange. Directly comparable as another TOBB-accredited Turkish agricultural commodity exchange operating spot trading halls, licensed warehouses, and electronic registration systems for agricultural producers and traders.
• Adana Ticaret Borsası: Southern Turkish commodity exchange focused on cotton, grains, and oilseeds. Directly comparable given shared cotton trading focus, TOBB accreditation, and similar spot-market transaction registration model.
• Bursa Ticaret Borsası: Turkish commodity exchange operating spot markets for agricultural and non-agricultural commodities in Bursa. Direct peer as another TOBB-affiliated Turkish borsa with similar trading halls, member services, and laboratory operations.
• Ankara Ticaret Borsası: Turkish capital-region commodity exchange trading grains, pulses, and agricultural commodities. Direct peer as a TOBB-affiliated exchange with comparable trading hall, electronic registration, and licensed warehouse infrastructure.

Regional players

• Antalya Ticaret Borsası: Mediterranean Turkish commodity exchange trading fruits, vegetables, and greenhouse products. Regional peer operating in a different Turkish geography with similar TOBB-accredited exchange model but distinct commodity focus.

Others

• Ege Üniversitesi Ziraat Fakültesi: Academic partner in agricultural research and education. Not a peer in exchange services but a strategic collaborator that supports ICE's BORSAV training programs, agricultural economics research, and youth competitions, comparable as part of the broader agricultural ecosystem.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks5 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@izmirticaretborsasi
• Instagraminstagram.com/izmirticaretborsasi
• Xx.com/izmirticborsasi

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Subsidiaries6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Izmir Ticaret Borsasi