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

CodeExplanation
F_Instrument group (Futures)
XAUTRYUnderlying asset code
MContract code regarding the contract size
0317Expiration 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

CodeExplanation
O_Instrument group (Options)
XU030Underlying asset code
EExercise 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)
0417Expiration date (Ex. April 2017)
COption class (C: Call option P: Put option)
1240,00Strike 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

CodeExplanation
F_Contract group to compose the intermonth strategy order (Futures)
XU030Underlying asset code
M2-M1Contract 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

CodeExplanation
TM_OFlexible Option Contract
XU030Underlying Asset Code
EExercise 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)
250419Expiration Date (Ex. 25 April 2019)
COption class (C: Call option P: Put option)
1235,00Strike 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

CodeExplanation
TM_FFlexible Future Contract
USDTRYUnderlying asset code
P_Settlement code (P: Physical delivery)
250419Expiration Date (Ex. 25 April 2019)

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

Table 6: Contract Code for Pyhsically Delivered USD/TRY Future Contracts

CodeExplanation
F_Instrument group (Futures)
P_Settlement code (P: Physical delivery)
USDTRYUnderlying asset code
0322Expiration Date (Ex. March 2022)

Table 7: Contract Code for Pyhsically Delivered USD/TRY Option Contracts

CodeExplanation
O_Instrument group (Options)
P_Settlement code (P: Physical delivery)
USDTRYUnderlying 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)

0422Expiration date (Ex. April 2022)
COption class (C: Call option P: Put option)
8950,00Strike Price