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Table of Contents
Borsa Istanbul
Borsa İstanbul brings together all the exchanges operating in the Turkish capital markets under a single roof, providing a fair and transparent environment for trading of various types of securities including equities, ETFs, warrants, government bonds, Treasury bills, corporate bonds, repo and reverse repo agreements and foreign securities (Eurobonds issued by the Turkish Treasury), precious metals and gems, futures and options.
Homepage
Currency: Turkish Lira (TRY)
Trading Hours & Calendar
Trading Hours \\:9:15am to 17:40pm
Holiday Calendar
Trading Summary
<description of trading system>
Lit Order-types
- Limit Order
Dark Order-types
Available ATS
Basic Market Rules
- Lot Size - lot size for securities is 1 share
- Tick Size
^ Price Range (Euro) ^ Tick Size (Euro) ^
| 00.01 to 5.00 | 0.01 |
| 05.02 to 10.00 | 0.02 |
| 10.05 to 25.00 | 0.05 |
| 25.10 to 50.00 | 0.10 |
| 50.25 to 100.00 | 0.25 |
| 100.50 to 250.00 | 0.50 |
* Short Sale Rules - Short Sell is allowed.
- Circuit Breakers - Limit up/down is applied when a stock moves 10% up/down with ref to last session's VWAP, stretched to the next price tick. Also circuit-breakers are applied in times of extreme volatility in small-cap stocks.
For more information about rule on trading on Borsa Istanbul, please see here and here
Auction Mechanisms
Open
The opening session is the period of time in which orders conveyed to the Exchange are matched prior to the session. The opening price is the price calculated according to the transactions that take place during the opening session. The opening time and period of the opening sessions, the trading method to apply during the opening session, and principles of calculating opening price are determined by the Executive Council of the Exchange.
Close
Closing session is a special trading session operating with a single price, where the single price is calculated by transferring the unmatched orders (excluding quotation orders) entered in the main trading session, and accepting new orders in the trading system without matching in a pre-determined period of time, and determining the price level at which the highest trading volume (i.e., single price) may be achieved, and then all trades are realized at this price level.
For more information on the Closing Session, please see here
Additional Info
Financial News
PortTurkey.com
Milliyet Economics Sections
Hurriyet Economics Section
Hurriyet Daily News - Economics Section
TRT Haber News - Economics Section
Sabah News - Economics Section
Turkish Capital Market