Contract Codes

The specifications and codes of the contracts to trade on the Market will be announced by the Exchange. For Futures Contracts, the contract code includes information on instrument group, underlying asset, contract size and expiration date.

Table 1: Code For Futures Contracts

Code Explanation
F_ Instrument group (Futures)
XAUTRY Underlying asset code
M Contract code regarding the contract size
0317 Expiration date (Ex. March 2017)

For Option Contracts, the contract code includes information on instrument group, underlying asset, contract size, exercise style, expiration date, option class and strike price.

Table 2: Code For Options Contracts

Code Explanation
O_ Instrument group (Options)
XU030 Underlying asset code
E Exercise style (A: American-The contractual right can be used on any date until or on expiry date, E: European-The contractual right can be used on expiry date)
0417 Expiration date (Ex. April 2017)
C Option class (C: Call option P: Put option)
1240,00 Strike price

Single Stock Futures and Options contracts subject to corporate action adjustments may have different contract specifications than standart contracts. Contract codes may have additional information such as N1, N2, N3 etc. indicating that the contract is non standart.

Intermonth strategy orders shall be sent to the System with strategy order codes determined as in the below instead of the contract codes.

Table 3: Intermonth Strategy Order Code

Code Explanation
F_ Contract group to compose the intermonth strategy order (Futures)
XU030 Underlying asset code
M2-M1 Contract months included in the strategy (M1:nearest contract month – M2: second nearest contract month)

Flexible contracts which are created by Exchange members by altering expiry day and/or strike price parameters of existing contracts with predefined constrains, are coded as follows:

Table 4: Contract Code for Flexible Option Contracts

Code Explanation
TM_O Flexible Option Contract
XU030 Underlying Asset Code
E Exercise style (A: American-The contractual right can be used on any date until or on expiry date, E: European-The contractual right can be used on expiry date)
250419 Expiration Date (Ex. 25 April 2019)
C Option class (C: Call option P: Put option)
1235,00 Strike Price

Flexible contract codes, subjected to corporate action adjustment, may have additional information such as N1, N2, N3 etc. indicating that the contract is non standart.

Table 5: Contract Code for Flexible Future Contracts

Code Explanation
TM_F Flexible Future Contract
USDTRY Underlying asset code
250419 Expiration Date (Ex. 25 April 2019)

For further information regarding Contract Codes on VİOP please refer to the Derivatives Market Procedure