Important News/Developments

All the news/developments about Garanti and the banking sector.All the news/developments about Garanti and the banking sector.

New TurkDEX and ISE trading hours!

TurkDEX

The “Normal Session” on the Turkish Derivatives Exchange (TurkDEX), currently 09:15 to 17:15 hours, will be extended effective 16 October 2009. Under the new rules, trading will begin at 09:15 hours and end at 17:35 hours. Because of this change, settlement price announcements, margin calls, and the start of the clearance period will take place at 17:45 hours. The clearance period will end at 14:30 hours on the next trading day (T+1).

ISE

It has been decided to extend the second trading at the İstanbul Stock Exchange (ISE) by thirty minutes. Under the new rules, the second session will begin as usual at 14:00 hours and end at 17:30 hours (rather than 17:00 hours).

The new rule goes into effect on 19 October 2009. As a result of this rule change, trading hours on the equities exchange will be as shown below.

1st session: 09:30-12:30
2nd session: 14:00-17:30

Beginning on 13 November 2009, there will also be an opening session at beginning of the second session paralleling the one that currently exists at the beginning of the first session. Trading hour details for the second session are summarized below.

Second Session 14:00-17:30
Opening Session 14:00-14:20
Subscriptions 14:00-14:15
Set opening prices 14:15-14:30
Continuous auction 14:20-17:30