BIST Increasing MRDIN.E 4.6 19.79 % YBTAS.E 2930 19.78 % SANKO.E 3.04 12.18 % HUBVC.E 5.5 11.79 % ADBGR.E 4.43 11.59 % Decreasing ORMA.E 3.65 -18.89 % BOYP.E 15.84 -12.29 % PKENT.E 103.3 -11.71 % NIBAS.E 8 -11.11 % TSPOR.E 1.29 -9.79 % VIOP Most Change O_XU030E1019C124.000 % 400,00 O_SAHOLE1019C9.00 % 325,00 O_XU030E1019C134.000 % 300,00 O_XU030E1019C122.000 % 298,48 O_AKBNKE1119C7.30 % 252,94 Highest Open Position F_USDTRY1019 639.778 F_XAUTRYM1019 557.878 F_USDTRY1219 455.860 F_XU0301019 359.547 F_EKGYO1019 157.100

SASX 10 INDEX FUTURES


 Underlying Security

Price Index named “The Sarajevo Stock Index 10” of the Sarajevo Stock Exchange.

Contract Size

SASX 10 Index value multiplied by 1 TRY.

Price Quotation and Minimum Price Tick

On the order book, prices are shown on the basis of 1 unit of underlying asset. In other words, the offers in the Market are entered on the basis of the price given on the basis of 1 unit of the underlying asset.

Price of the contract is entered into the trading system with two digits after the comma (Ex. 750.50), and the minimum price tick is 0.25 (Ex. 750.50; 750.75, etc.). Quantity offers are entered as 1 contract and its multiples.

Contract Months

February, April, June, August, October and December (Contracts with two different expiration months nearest to the current month shall be traded concurrently.) 

Settlement

Cash Settlement

Settlement Period
T+1

Losses are deducted from the accounts at the end of T day, profits are added to the accounts on T day as well.

Trading Hours

Continuous trading from 09:30 to 18:15 (local time).

Daily Settlement Price

The daily settlement price is calculated as follows at the end of the session and rounded to the nearest price tick:

a) The weighted average price of all the trades executed within the last 10 minutes of the session,

b) If less than 10 trades were realized in the last 10 minutes of the session, the weighted average price of the last 10 trades executed during the session,

c) If less than 10 trades were realized in the session, the weighted average price of all the trades executed during the session,

d) If no trades were done during the session, the previous day settlement,

will be determined as the daily settlement price.

If the daily settlement price cannot be calculated with the above methods by the end of the session, or the prices calculated do not reflect the market correctly, the daily settlement price may be determined by using one or more of the following methods

a) The average of the best buy and sell quotations at the end of the session,

b) Theoretical prices are calculated considering spot price of the underlying asset or the daily settlement price for other contract months of the contract.

Trade reporting will not be taken into consideration in the above calculations. The Settlement Price Committee’s right to change the daily settlement price is under reserve.

Final Settlement Price

The final settlement price of SASX 10 futures contracts shall be the closing price of the related index. This value is rounded to the nearest price tick, and called as the final settlement price. The final settlement price will be determined by the Settlement Price Committee if the spot market was entirely closed in the spot market that underlying security is traded, or price was not discovered or index value could not be calculated despite the fact that the market was open on the last trading day.

Expiry Date

Last business day of each contract month. In case domestic markets are closed for half day due to an official holiday, expiry date shall be the preceding business day.

Last Trading Day

Last business day of each contract month. In case domestic markets are closed for half day due to an official holiday, last trading day shall be the preceding business day.

Daily Price Limit

Base price is the price determined by the Settlement Price Committee on the day the relevant contract is introduced for trading, and used in calculating the daily price change limits. For the other days, base price is the settlement price of the previous day.

Daily price limit is equal to ±15% of the base price determined for each contract. If the upper or lower limit so calculated does not correspond to a price tick, the upper limit will be rounded to the upper price tick; and the lower limit, to the lower price tick.

Margins

Clearing legislation shall be applied.

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