Order Matching Rules

In the market, orders are matched using the “multiple price-continuous auction" method. The matching of two counter orders in the Outright Purchases and Sales Market is enabled through giving priority to the highest price in purchase and the lowest price in sale. If orders have the same price, time priority is applied.

In addition to matching of orders with equal prices, two counter orders are matched when a sell order with a lower price than the price of the existing buy order is received, or when a buy order with a higher price than the price of the sell order is received. Where price equality does not exist, the price of the order which had been entered in the system earlier is the trading price.

Order Entry Methods

Orders are transmitted over a certain price type or yield determined by Borsa İstanbul for each security.

Price and Yield Ticks

A tick of TL 0.001 applies to orders transmitted over clean or dirty price in the market while a tick of 0.01% applies to orders transmitted over yield.

Order Entry Methods

Orders are transmitted over a certain price type or yield determined by Borsa İstanbul for each security.

Price and Yield Ticks

A tick of TL 0.001 applies to orders transmitted over clean or dirty price in the market while a tick of 0.01% applies to orders transmitted over yield.

Order Change

Unmatched orders and unexecuted parts of matched orders transmitted to the market can be changed.

While the change in the price/return of the order, increase in nominal value and change of account holder of the trade lead to the loss of time priority, the reduction of nominal amount and change in representative reference do not give rise to the loss of time priority.

Order Cancellation

Unmatched orders and the unexecuted part of matched orders transmitted to the market can be canceled.