Differences

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--- borsaistanbul [2023/02/27 12:00] – [Basic Market Rules] hammed
+++ borsaistanbul [2025/01/06 09:56] (current) – hammed
@@ Line 15: / Line 15: @@
 VWAP (volume-weighted average price). In cases of extreme volatility, Circuit Breakers is applied for small-cap stocks.
+  * **Note**: We are only able to trade securities from the BIST STARS and BIST MAIN segments of the stock exchange
 ==== Order Types ====
@@ Line 22: / Line 23: @@
 ==== Basic Market Rules ====
   * Lot Size: 100 shares.
-  * Tick Size: varies by price, as follows:
+  * Tick Size: varies by price, as listed below
+  * Short Sale Rules: Short Sales are allowed.
-^ Price Range (Euro) ^ Tick Size (Euro) ^
+**Equities**
+^ Price Range (TRY) ^ Tick Size (TRY) ^
 | %%<=%%19.99 | 0.01 |
 | %%>=%%20 and %%<=%%49.98 | 0.02 |
 | %%>=%%50 and %%<=%%99.95 | 0.05 |
-| %%>=%%100 | 0.10 |
+| %%>=%%100 and %%<=%%249.90 | 0.1 |
+| %%>=%%250 and %%<=%%499.75 | 0.25 |
+| %%>=%%500 and %%<=%%999.50 | 0.5 |
+| %%>=%%1000 and %%<=%%2499 | 1 |
+| %%>=%%2500 | 2.5 |
+**ETFs**
+^ Price Range (TRY) ^ Tick Size (TRY) ^
+| %%>=%%0.01 and %%<=%%49.99 | 0.01 |
+| %%>=%%50 and %%<=%%99.98 | 0.02 |
+| %%>=%%100 and %%<=%%249.95 | 0.05 |
+| %%>=%%250 and %%<=%%499.90 | 0.1 |
+| %%>=%%500 and %%<=%%999.75 | 0.25 |
+| %%>=%%1000 and %%<=%%2499.50 | 0.5 |
+| %%>=%%2500 | 1 |
-  * [[https://borsaistanbul.com/en/sayfa/2857/market-functioning | Short Sale Rules]]: short selling is allowed.
+  * [[https://www.borsaistanbul.com/en/sayfa/2282/margin-trading-and-short-selling | Short Sale Rules]]: short selling is allowed.
   * [[https://borsaistanbul.com/en/sayfa/2857/market-functioning | Circuit Breakers]]: there is a static circuit breaker that is set at 10% of the last auction price.
-For more information about BIST trading rules, see the [[http://www.borsaistanbul.com/en/products-and-markets/markets/equity-market|Equity Market]] and the [[ http://www.borsaistanbul.com/en/products-and-markets/regulations | Regulations]] pages.
+For more information about BIST trading rules, see the [[https://www.borsaistanbul.com/en/sayfa/4032/regulations|Equity Market]] and the [[ https://www.borsaistanbul.com/en/sayfa/4032/regulations | Regulations]] pages.
 ==== Auction Mechanisms ====
@@ Line 71: / Line 90: @@
 ===== Additional Info =====
-There is no intraday trading for Gross Settlement symbols. Certain equity symbols do not have netting-off facility and as such cannot be traded intra-day as investors that intend to buy such equity must keep the corresponding amount of cash, and those that intend to sell such equity must keep the corresponding quantity of equities in their accounts.
+Note that within the scope of the Volatility Based Measures System (VBMS) that is being implemented in accordance with the Capital Markets Board's decisions, certain symbols are restricted from time to time. Such as:
+  * Gross Settlement
+  * Prohibition of market and market-to-limit orders
+  * Prohibition to order cancellation, price worsening and volume decreasing amendments
+  * Restricting data dissemination during order collection phase of call auctions
+  * Single price trading method measure
+We are **not** allowed to trade on the respective securities.
+For more information, check the [[https://www.kap.org.tr/en/|Public Disclosure Platform (PDP)]] and take the following steps:
-For more information, see the [[ http://borsaistanbul.com/en/products-and-markets/markets/equity-market/gross-settlement | Gross Settlement ]] page.
+  - Type the symbol name into the search field and click the notifications link
+  - Look for "Volatility Based Measures System in Equity Market" under header “Summary”
 ==== Financial News ====