Borsa İstanbul brings together all the exchanges operating in the Turkish capital markets under a single roof, providing a fair and transparent environment for trading of various types of securities including equities, ETFs, warrants, government bonds, Treasury bills, corporate bonds, repo and reverse repo agreements and foreign securities (Eurobonds issued by the Turkish Treasury), precious metals and gems, futures, and options.
Currency: Turkish Lira (TRY)
BIST uses an order-driven system and each trading session is preceded by a blind opening auction. Orders can be cancelled any time during the trading day except for during the mid-day break. Limit up/down restriction is applied if a stock moves 10% up/down from last session’s VWAP (volume-weighted average price). In cases of extreme volatility, Circuit Breakers is applied for small-cap stocks.
|Price Range (Euro)||Tick Size (Euro)|
|00.01 to 5.00||0.01|
|05.02 to 10.00||0.02|
|10.05 to 25.00||0.05|
|25.10 to 50.00||0.10|
|50.25 to 100.00||0.25|
|100.50 to 250.00||0.50|
The opening session is the period of time in which orders conveyed to the exchange are matched prior to the session. The opening price is the price calculated according to the transactions that take place during the opening session. The opening time and period of the opening sessions, the trading method to apply during the opening session, and principles of calculating opening price are determined by the Executive Council of the Exchange.
The closing price is defined by the following auction mechanism.
Auction means an auction conducted in a trading platform in respect to qualifying orders to determine the auction price pursuant to the following process:
1. First Continuous Auction (09:40 - 13:00)
2. Second Continuous Auction (14:00 - 18:00)
3. Closing session (18:00 - 18:10)
Note: in accordance with Borsa Istanbul Circular no. 388, prices for orders entered during the closing session must fall within the +/- 3% of the last execution price in the continuous auction phase.
Order Types: Market and Limit orders are eligible to participate in the closing session.
For more information, see the Closing Session page.
There is no intraday trading for Gross Settlement symbols. Certain equity symbols do not have netting-off facility and as such cannot be traded intra-day as investors that intend to buy such equity must keep the corresponding amount of cash, and those that intend to sell such equity must keep the corresponding quantity of equities in their accounts.
For more information, see the Gross Settlement page.