The minimum price tick with Currency Contracts traded on Borsa İstanbul Derivatives Market has been decreased. Henceforth, the price tick for “US$/TRY and “Euro/TRY” contracts will be 1 pips.

The price tick for currency future contracts in Borsa İstanbul’s Derivatives Market (VIOP), the most liquid and diversified derivatives market of the region, was decreased from 0.0005 (5pips) to 0.0001 (1pips). With the new arrangement, the minimum price tick amendment in US$/TRY and Euro/TRY future contracts will be valid for all maturities.

The Target is to increase the Liquidity in VIOP

Decreasing the price tick in currency future contracts is aimed at further harmonization with the spot market, and ensuring flexibility in price quotations so as to allow the active traders of VIOP to trade more frequently and increase liquidity.

Further Novelties planned in order to establish a Liquid and Transparent Currency Market

Borsa İstanbul VIOP is planning to continue with the improvements to make currency futures the most important reference of the Turkish FX market, and within this scope, to make Turkey’s leading banks and brokerage houses liquidity providers or market makers thanks to the new market making program. Borsa İstanbul plans to introduce new practices in cooperation with the market participants for the establishment of a liquid and transparent currency market, which is one of the key factors of efficient risk management and increased competitive power for real sector companies predominantly engaged in foreign trade.

For further information on minimum price tick amendment: www.borsaistanbul.com/en/viop