Ordu Commodity Exchange was established by Atatürk with a decree on 16.05.1936 and started its activities on August 15, 1936 under the name of “Ordu Commerce and Provisions Exchange” under the chairmanship of Baha TEGÜN.

Ordu Commerce and Provisions Exchange, which was established within the Chamber of Commerce and Industry with the Law No. 655 in force at that time, was serving within the same circle with the Chamber. This building, where the Chamber of Commerce and Industry and the Commodity Exchange served jointly, was destroyed in the 1939 Erzincan earthquake. At the time of its establishment, Ordu Commodity Exchange, the 20th stock exchange in Turkey, had 59 members. After 10 years, the number of members of the exchange increased to 138 and now the number of members is around 350. With the Law No. 5174, the Commodity Exchanges were reorganized in accordance with modern norms and the removal of inactive members from the stock exchange membership was facilitated, and the appearance of members who did not reflect the real situation and who had withdrawn from commercial life in the stock exchange records was also prevented.

Ordu Commerce and Provisions Exchange were adapted to Law No. 4355 with the elections held on 12.04.1947 and to Law No. 5590 on 28.09.1951.5590 When the law numbered 5174, which was adopted on 18.05.2004 and entered into force after being published in the Official Gazette on 01.06.2004, the establishment, functioning and legal structures of the Commodity Exchanges were redetermined and with Article 53 of this law, “Product Specialization Exchanges” were mentioned for the first time and the principles regarding their establishment and functioning were determined. Ordu Commodity Exchange, which is a subsidiary of TÜRİB established within this scope, is also the agency of TÜRİB.

The title of our stock exchange, which was established with the title of “Ordu Trade and Commodity Exchange”, became “Ordu Commodity Exchange” after 1947 and continued to serve with the same title until today. The first service building of Ordu Commodity Exchange is the building used jointly with the Chamber of Commerce and Industry, which was destroyed by the 1939 Erzincan earthquake. This building is two-story and since it was built in the old building style, it could not maintain its strength against the earthquake and collapsed. In those years, the Ordu Commodity Exchange consisted of a desk and a clerk in a corner of the Chamber. The building we are currently serving and the land on which the old service building is located are 1,288 m2 in total and this land was purchased in 1948 for 15 thousand liras.

Altınordu ilçesi “Süleyman Felek Caddesi” üzerinde bulunan arazi üzerine yapılan ilk borsa binasının ikmal inşaatı 70 bin lira olarak tahmin edilmiştir.120 m2 ve tek katlı borsa binası 1951 yılında tamamlanarak faaliyete geçmiştir. Şu anda “Eski Hizmet Binası” olarak tabir ettiğimiz bina 650 m2 kullanım alanı olacak şekilde 1964 yılında iş hanı olarak tamamlanmıştır. Hâlen giriş katında faal durumda bulunan pasaj o dönem kentte ticari hayata önemli bir hareketlilik kazandırmıştır. Tek katlı binanın yetersiz kalması, iş hanı olarak tasarlanmış olan binanın birinci katının borsa binası olarak inşasını gündeme getirmiş ve 1990 yılında 650 metrekare olan bu yeni binaya geçilmiştir.

1994 yılında tek katlı ilk borsa binası yıkılarak yerine bu gün kullanmakta olduğumuz binanın temeli atılmıştır.465 m2 taban üzerine 5 katlı olarak yapılan yeni binanın bu gün itibariyle zemin kat dâhil olmak üzere ilk 3 katı kullanılmaktadır. Laboratuvar ve konferans salonlarının yer alacağı 4 ve 5.katlar ise henüz inşaat hâlindedir.

1- Fresh and Dried Fruits (Hazelnut Crop)
2- Live Animals and Meat
3- Vegetable and Vegetable Oils
4- Milling Products (Flour)
5- Various Foodstuffs (Honey)

Among these, “Hazelnuts” in the “Fresh and Dried Fruits Group” accounts for 95% of the total transaction volume. (All data and evaluations regarding the transaction volume are published in the “Statistics” section of our website) Ordu alone accounts for 25-30% of Turkey's hazelnut production. This means an annual production of 180-200 thousand tons. It is therefore quite natural that hazelnut registration has a large share in the exchange's trading volume. As can be seen in the comparison of annual transaction volumes, Ordu Commodity Exchange ranks first in this category among the exchanges that register hazelnuts.

Although “Livestock and Meat” was listed in 2000, there is no livestock market under the control of the stock exchange and therefore there is no stock exchange activity in this field in modern norms. It is in communication with Ordu Metropolitan Municipality at the point of creating a livestock market and stock exchange in modern norms.

20-25% of Turkey's honey production is produced by Ordu beekeepers and our province ranks first in terms of the number of beekeepers and hives. In addition, Turkey's first and only “Beekeeping Research Institute” is also located in our province. In addition to all these, it was deemed appropriate to take “Honey” to the stock exchange quotation as beekeeping and honey started to gain widespread popularity as a commercial business. In 2007, honey was included in the listing of our stock exchange with the approval of the then Ministry of Industry and Trade.

With the economic crises, factories that processed milling products into flour were closed one by one. In addition to economic crises, the overcapacity problem in this sector paralyzed the sector over time. As a result of the incentives implemented, the establishment and spread of facilities with a capacity to produce flour far above the need exacerbated the competitive environment and many flour factories went bankrupt with great losses. The last factory in our province closed its shutters in 2006.

There are three companies operating in the field of Vegetable and Vegetable Oils. The most important of these is our member Altaş Yağ Su ve Tarım Ürünleri Gıda İnşaat Otomotiv Nakliye Sanayi ve Ticaret A.Ş., which has a serious place and reputation in the market by producing “Çotanak” brand oil. “Altaş Yağ” took over Ordu Yağ Sanayi A.Ş. in 2009, which is the continuation of “Ordu Soya A.Ş.”, which was established in 1957 as a subsidiary of FİSKOBİRLİK.

Baha TEGÜN / First Chairman (President)
Ömer AKYAZI / Second Chairman (Vice President)
Mustafa HEKİM (Member)
Mehmet AKYAZI (Member)
Dursun GÜRSOY (Member)
Ziver AKIN (Member)
Ahmet Cemal MAĞDEN (Member)
Halis MUTLU / Exchange Commissioner (Secretary General)

Article 30 of the Law No. 5174 determines the working areas of the stock exchanges. Accordingly, the working area of Ordu Commodity Exchange is the entire city of Ordu, excluding Fatsa and Unye districts and the towns connected to these districts. Ordu Commodity Exchange carefully records the trade of the products in its quotation in its working area and announces the prices determined especially for hazelnuts on its website and on electronic boards in the center and districts.

The most prominent aspect of Ordu Commodity Exchange's service understanding; Although registration to Commodity Exchanges is made compulsory by Article 32 of the Law No. 5174, Ordu Commodity Exchange is an “Accredited Exchange” within the TOBB Accreditation System, which adopts the principle of serving as a member-oriented and member satisfaction-based service, not as a superior institution against its members.