Circular no. 433 on the Derivatives Market Principles of Operation has been revised

Circular no. 433 on the Derivatives Market Principles of Operation has been revised
7/22/2014

You may kindly find the new regulations stated on the Exchange’s circular numbered 458 and dated July 22, 2014 below. For the full text of the up to date version of this Circular, please visit the following link:

http://www.borsaistanbul.com/data/bylaws/Circular_on_VIOP_Market_Operations.pdf

  • With the launching of VIOPFIX application, the fact that Negotiated Deals entry will not be possible using VIOPFIX interface is added to the Circular.
  • Trading hours is updated in the Circular for Commodity Futures Contracts in a way that Lunch break will be removed for these contracts and there will be a continuous trading. This update for the trading hours will enter into force on August 4, 2014.
  • Regulations regarding market making in Wheat and Electricity Futures Contracts are added to the Circular.
  • Contract specifications of SASX10 Index Futures Contracts, which are based on “The Sarajevo Stock Index 10” of the Sarajevo Stock Exchange are added to the Circular. The first trading day for these contracts will be announced subsequent to the technical studies.

Please be informed and take the necessary actions.

Sincerely,

VIOP