Futures and Options Market Operation Principles are updated in accordance with decisions of Board of Directors of the Exchange at the meeting numbered 2014/22 and dated May 29, 2014.

Within the update;

• Borsa Istanbul Executive Management has been given the authority to determine different market making methods based on minimum order size, maximum bid-ask price range (spread), market presence, time to maturity, contracts that market makers are responsible for and other similar criteria for market maker obligations.
• Since launching of mini contracts is planned, maximum order size belonging to the related contracts and mini contract code information are added to the Circular.
• In the “Single Stock Options Contract”, “BIST 30 Index Options Contract”, “Mini BIST 30 Index Options Contract” and “TRYUSD Options Contract” sections, a statement of “Upon the request of members, suspended contracts in the system may be opened to trade” is added to the Circular. This rule may be applied to the suspended contracts which previously formed in the trading system within the strike price levels calculated on the basis of the closing price of related underlying asset in the spot market during the last session.
• Contract names of the currency contracts are updated in the Circular as commonly used in the market; USDTRY instead of TRYUSD and EURTRY instead of TRYEUR.

      Please click for the update version of the Circular.