Fund Market

Fund Market

Trading on ETF participation certificates, deemed suitable for being traded on the Exchange, is carried out with a feature code (F) on the Fund Market of the Equity Market during the trading hours of the market where the securities forming the underlying index of ETF are traded. 

The base price is determined by rounding the weighted average of the transactions of the previous session to the nearest price tick as in the case of equities. In the first trading session and the session following the session in which price has not been formed in the Equity Market, base price is announced over the fund unit share price announced before the respective session by the founder and/or authorized participant. 

Lot size is 1 participating share. The maximum amount of orders that can be submitted to the system at any time is determined by the Equity Market.

Unit share price of ETFs to be traded on the Equity Market is minimum TL 1.

On the ETF Market, the price margin applicable in the National Market is applied.

Special order transactions are performed as per the present rules in the Equity Market.

Price ticks  applied on the ETF Market are different from those of equities.

Settlement of the fund transactions is realized on the second business day following the transaction day (T+2). Fund Share Formation and Repurchase Transactions are performed via Takasbank. Principles of these transactions are set by Takasbank and notified to the members.

All other transaction and default rules are the same as the Equity Market trading rules.

Exchange Traded Funds keep all their assets in Takasbank as in the other investment funds.

Related Pages

Exchange Traded Funds