We are proud to announce that Thursday, June 29, 2017, Borsa Istanbul (Turkey) is available for trading again in PPro8.
Our trading rules and fees will remain the same as when the market went down in March, however, Head Office will cover the cost of entitlements for Turkey until end of year 2017.
Turkey Auction Rules
During this 4-minute period, orders are collected for the closing session, while orders that have been already sent may be modified, split, or cancelled in accordance with the current regulations. The max/min limits are capped with +/- 3% of the last print for each stock. Traders can send aggressive Limit or Market order to participate during this time.
In this phase, the closing price is determined for the equities for which orders have been collected during the closing session, and following that, trades at closing price are realized.
This is the final phase where new bid and ask orders priced only with the closing price determined during the closing session can be entered to the trading system and can be matched with the pending orders at closing price that have not been executed during the closing session and transferred to this phase, or with those orders entered during this phase, in accordance with the priority rules.More information about the closing auction can be found on the official Borsa Istanbul website.
Please encourage your traders to take advantage of this opportunity to trade Turkey.
If you have any questions or comments, please submit a mojo.