BIST Increasing GEREL.E 2.76 20.00 % ASCEL.E 4.45 19.95 % GARFA.E 3.24 11.72 % EGCYH.E 0.21 10.53 % AGYO.E 2.12 9.84 % Decreasing TRNSK.E 0.51 -10.53 % SODSN.E 3.2 -9.86 % HDFGS.E 3.02 -6.79 % EGPRO.E 9.46 -5.49 % VERUS.E 17.16 -5.09 % VIOP Most Change O_HALKBE0218P10.00 % 150,00 O_EREGLE0218C10.00 % -100,00 O_PGSUSE0118C34.00 % -100,00 O_KCHOLE1217P16.00 % -100,00 O_XU030E1217C122.000 % -100,00 Highest Open Position F_USDTRY1217 594.919 F_XU0301217 380.364 F_VAKBN1217 59.058 F_VAKBN0118 52.368 F_ISCTR0118 48.225

ORDERS

 

Order Methods
One of the following four methods for price determining must be chosen for the orders to be entered in the trading system.

Limit Order (LMT)
A limit order is the order method which is used to realize orders at prices of up to the determined price level. Price and quantity must be entered when this method is used.

Market Order (PYS)
A market order is the order type which is used to match orders, starting from the best price order in the market at the time the order is entered. When a “Market” order is selected, and “Best Price” is marked on the screen, the order will match only with the outstanding orders at the best price level in the Market at the time.

Market to Limit Order

A market to limit order is the order entered stating only the quantity without any price. Such orders are executed by matching only the pending orders at the best price at the other side. However, the part of the order not executed will be converted into a limit order at the latest trading price realized, and written in the order book as a passive order (except when it is entered as fill and kill order).

Conditional (SAR)
A Conditional Order is a price order which will be activated when the market reaches the price determined by the ordering party for the relevant contract (activation price), or trades at a higher price in the market in the case of buying orders, or at a lower price in the case of selling orders. For conditional orders, in addition to order entry method, activation price must be indicated. 

Validity Period for Orders 
One of the following four options regarding the validity period for the order must be chosen while submitting the order.



Fill or Kill (GIE)
Fill or Kill is the kind of an order where an investor's order is fulfilled in its entirety or cancelled all together at the time it is entered, depending on the outstanding counter orders in the system.

Fill and Kill (KIE)
Fill and Kill is the kind of an order where an investor's order is fulfilled in full or in part at the time it is entered, depending on the outstanding counter orders waiting in the system, and the unfulfilled part of the order is cancelled.


Daily Order (GUN)
The order is valid for the day on which it is entered. Unless it is partly or entirely fulfilled by the end of the day, it will be automatically cancelled by the trading system.

Good Till Cancel Order (IKG)
The order is valid until it is cancelled. Good till cancel orders are valid until the maturity of the contract and will be automatically cancelled by the system at the end of maturity, unless cancelled, or matched.

Date Orders (TAR)
Date orders are valid by the date entered in the system. Unless partly or entirely matched or cancelled by the specified date, they will be automatically cancelled by the system at the end of the specified day. The system does not accept orders with dates further than the end of the maturity of the contract.

Orders that fall out of the daily price change limits may be entered. Such orders are subject to trade when they are within the limits of price change limits.

Order Methods

Validity Period for Orders 

 Limit (LMT)

 Daily Order (GUN)

 Market (PYS)

 Fill or Kill (GIE)

 Market to Limit Order

 Fill and Kill (KIE)

 Conditional  (SAR)

 Good Till Cancel Order (IKG) 

 

 Date Orders (TAR)



Maximum Order Sizes

The trading system checks the prices and quantity of the orders when they are being entered into the system. Orders that are not in compliance with the properties of the current session may not be entered into the system. Maximum order size is determined on the basis of the closing price of the spot market session for single stock futures and options. Maximum order size is checked for all types of orders entered in the trading system. The minimum and maximum order sizes applicable in the Market are as follows:

Order Sizes for Single Stock Futures and Options

Board

Underlying Asset Closing Price <25 TRY

Underlying Asset Closing Price >=25 TRY

Main Board (Minimum Order Quantity)

1

1

Main Board (Maximum Order Quantity)

5,000

2,500

 

Order Sizes for Index, Currency, Gold, Base Load Electricity and Other Contracts


Board

Index Contracts

Mini Index Contracts

Currency and USD/Ounce Gold Contracts

Gold Contracts

Base Load Electricity Contracts

Other Contracts

Main Board (Minimum Order Quantity)

1

1

1

1

1

1

Main Board (Maximum Order Quantity)

2.000

200.000

5.000

500.000

100

2.000


Regulations of trade reporting for Single Stock Futures and Options

 

Underlying Asset Price

Minimum Order Quantity

Maximum Order Quantity

Condition  for Trade Reporting Approval

Underlying Asset Closing Price <25 TRY

5.000

10.000

Trade reporting has to be  realized between the price interval limits of the related contract.

Underlying Asset Closing Price >=25 TRY

2.500

5.000


Regulations of trade reporting for
Index, Currency, Gold, Base Load Electricity and Other Contracts

Contract

Minimum Order Quantity

Maximum Order Quantity

Condition  for Trade Reporting Approval

Index Contracts

2.000

4.000

Trade reporting has to be  realized between the price interval limits of the related contract.

Mini Index Contracts

200.000

400.000

Currency and USD/Ounce Gold Contracts

5.000

10.000

Gold Contracts

500.000

1.000.000

Base Load Electricity Contracts

100

4.000

Other Contracts

2.000

4.000