ISE launched the Collective Products Market
ISE launched the Collective Products Market, with an aim to provide a dedicated market for the stocks of the investment trusts, real estate investment trusts and venture capital trusts, participation certificates of Exchange Traded Funds, warrants and other structured products to be traded under separate sections where their prices are determined in a regulated and transparent market under competitive conditions.
The Collective Products Market, which started operations on November 13, 2009, operates under the ISE Stock Market and trading on the Market currently is on the basis of continuous auction system. The principles related to other trading methods to be applied in the Collective Products Market (continuous auction with market maker and single price) shall be separately regulated and the principles and effective dates shall be publicly disclosed.
Upon the completion of the regulatory framework, the warrants of financial intermediary institutions shall start trading on the Market under the title of structured products.
ISE abolished the cross trade rule on the Stock Market, as of November 13, 2009.
ISE introduced opening session at the second trading session of the Stock Market, as of November 13, 2009.
The opening session, previously carried out only at the first trading session of the ISE Stock Market, was also introduced for the second trading session, as of November 13, 2009. With the new implementation, the trading hours of the second session were revised as follows;
i- Order Entry Period (Pre-Opening Period)
ii- Opening Processes Period : (Calculation of the opening
price and fulfillment of opening transactions)
b.Main Session (Continuous Auction Trading) 14:00 – 17:30
14:00 – 14:20
14:00 – 14:15
14:15 – 14:20
14:20 – 17:30