Important Update for BIST Investors: Significant Change Alert

Borsa Istanbul Announces Changes to VIOP Operating Principles

Borsa Istanbul has announced significant changes to the operating principles of the Futures and Options Market, which came into effect today.

According to the statement released by Borsa Istanbul, the minimum loss amount to be obtained due to transactions subject to erroneous transaction cancellation has been updated. The new minimum amounts are 100,000 TL for applications made before 12:00 on a half business day, 400,000 TL for applications made after 17:30 on a full business day (12:00 and after on a half business day), and 400,000 TL for applications made for evening session procedures. This change has been implemented to enhance the efficiency and security of transactions.

Borsa Istanbul also announced updates to the statements in the VIOP Procedure regarding user allocation, considering the restrictions placed on contracts and accounts that can be traded on users allocated to market makers.

Furthermore, the development made in the Pre-Transaction Risk Management Application (PTRM) has enabled the setting of limits by defining a different value during the day for the risk limits determined as zero. As a result, the relevant article in the VIOP Procedure has been updated to reflect this development.

These changes are aimed at aligning the operating principles of the Futures and Options Market with the evolving needs of investors and market dynamics.

Investors and market participants are encouraged to familiarize themselves with these updates to ensure compliance with the new operating principles.

 

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