TUR EXC Order-to-Trade Ratio Rules

Updated on: Jun 4, 2025

Latest Event


  • May 2025 OTR Extended
  • On May 30, 2025, TUR EXC issued circular saying order/trade ratio in the Equity Market (OTR) will continue to be applied as 3:1 until the end of Jul. 4, 2025 session.

On Oct. 4, TUR EXC announced amendments to order-to-trade ratio.

  • TUR EXC announced changes to order-to-trade ratio calculation rules in equity market.
  • Amendments
  • Minimum amount for transactions not included in the calculation of the order-to-trade ratio, which is used for charging order cancellation and modification activities of high frequency trading users, will be increased from 50TL to 500TL.
  • Equity market algorithmic trading and BISTECH PTRM/pre-trade risk management procedure, which will be updated accordingly, can be accessed on TUR EXC website.
  • Effectiveness
  • The increase from 50TL to 500TL is effective from Oct. 7, 2024.
  • May 2025 OTR Extended
  • On May 30, 2025, TUR EXC issued circular saying order/trade ratio in the Equity Market (OTR) will continue to be applied as 3:1 until the end of Jul. 4, 2025 session.
Regulators
TUR EXC
Entity Types
B/D; Corp; Exch
Reference
Cir E-18454353-100.04.02-36301, 5/30/2025; Gd 29509, PR, 10/4/2024
Functions
Compliance; Operations; Trade Reporting; Trading
Countries
Turkey
Category
State
N/A
Products
Derivatives; Equity; Fixed Income; Issuance/IPO; Securities
Rule Type
Final
Regions
EMEA
Rule Date
Oct 4, 2024
Effective Date
Jul 4, 2025
Rule ID
228823
Linked to
N/A
Reg. Last Update
May 30, 2025
Report Section
International