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Turkdex

Turkdex

TurkDex is the first and only Derivatives Exchange of Turkey. TurkDex was opened on February 4, 2005 in İzmir for the trading of futures and options contracts in Turkey, upon receiving the required permits from the Capital Markets Board.

You can open your TurkDex Account by visiting our nearest branch.

You can also perform your options purchase-sale transactions through the Online Banking Investments menu, TurkDex step.

Features

  • A Futures Contract is an agreement which gives the holder the obligation to purchase or sell a certain commodity of specific quantity and quality at a certain term.
  • TurkDex is a platform where future price expectations are formed every day and every moment, and these expectations are continuously tracked.
  • TurkDex offers instruments through which risks occurring at the spot market, particularly the exchange rate risk, can be managed.
  • TurkDex provides short sale opportunity for investors.
  • Transactions for speculative, protection or arbitrage purposes are performed at TurkDex.
  • Transactions performed for protection purposes enable the elimination or the minimization of the negative outcomes arising from potential risks.
  • Stock index, foreign currency, interest rate, cotton, wheat and gold contracts are traded on TurkDex.
  • Trading Hours for normal session are 09:15-17:35. At 17:45, Settlement Prices are announced and Margin Calls are published.

Who can take advantage of this product?

  • SME's 
  • Commercial companies 
  • Corporate companies

Sample Calculation

  • BIST 30 Index contract is being traded at 67.000 and you are buying (long position) with the expectation that the market will rise. The market rises in line with your expectation and the price of the index contract becomes 68.000. As a result of the purchase transaction you have performed, your profit in return for the 750 TL cash margin you have deposited for 1 contract will be 68.000 – 67.000 / 10 = 100 TL.
  • BIST 30 Index contract is being traded at 67.000 and you are selling (short position) with the expectation that the market will fall. The market falls in line with your expectation and the price of the index contract becomes 66.000. As a result of the sale transaction you have performed, your profit in return for the 750 TL cash margin you have deposited for 1 contract will be 67.000 – 66.000 / 10 = 100 TL.

You can get information regarding the commission rates on trading transactions at TurkDex from our branches.

Initial and Maintenance Margins

Contract Type Initial Margin Maintenance Margin
 BIST 30-100 Index Spread  250 TL  187,5 TL
 BIST 100  750 TL  562,5 T
 BIST 30  950 TL  712,5 TL
 USD/TL  130 TL  97,5 TL
 Euro/TL  170 TL  127,5 TL
 Physical Delivery USD/TL  1.300 TL  975 TL
 Physical Delivery Euro/TL  1.700 TL  1.275 TL
 EUR/USD Cross Exchnage Rate  130 TL  97,5 TL
 Dolar/Ounce Gold
 200 TL  150 TL
 Interest (G-DIBS)  300 TL
 225 TL
 Cotton(EGEST-1)  240 TL
 180 TL
 Wheat (AKS)  240 TL
 180 TL
 Gold  750 TL
 562,5 TL
 Base Load Electricty  1.200 TL
 900 TL
 FT Physical Delivery Livestock  500 TL
 375 TL