details of the ‍Credit Prohibition

The decision to enact ⁣these measures stems from ⁤the Volatility Based Measurement System (VBTS), activated following a directive​ from the Capital Markets​ Board (CMB).⁢ According to a statement released via‍ the Public Disclosure Platform (KAP),the ⁢credit prohibition will‍ be in effect​ for transactions dated from October 7,2023,through November 6,2023 (the start of the trading‌ session).

During this period, trading in Marmr.E ⁤and TMPOL.E shares will be conducted using order packages. ⁤This includes restrictions on order⁤ matching and price deterioration based on order quantity, and also limitations on the‌ public display of order data.

Borsa Istanbul clarified that existing measures already in place under the VBTS framework⁣ -​ including expulsion and credit transaction measures ⁤- will remain active alongside the newly implemented order package restrictions.

What Does⁢ This ⁢Mean for Investors?

A credit prohibition restricts ⁣the ability to purchase shares on margin, potentially impacting trading⁣ volume and liquidity. Investors holding these⁣ shares should monitor the situation closely, as the restrictions could influence‌ share prices. the​ CMB’s VBTS aims to stabilize ⁢markets⁢ by curbing ⁤excessive volatility, and these measures are a direct response to‌ observed market‍ conditions related⁣ to these specific stocks.

Understanding Market Volatility and Borsa Istanbul’s measures

Borsa Istanbul, like other global exchanges, employs various mechanisms to manage‍ market risk and protect investors. The ⁣VBTS is a key component of this strategy, designed to automatically ‌trigger⁣ restrictions when​ a stock exhibits unusual price fluctuations. These measures are intended to ⁣prevent market manipulation‌ and ensure fair trading practices. The CMB regularly reviews and adjusts the VBTS parameters to adapt to evolving market dynamics.

Frequently ⁤Asked Questions

What is a ‍credit prohibition?

A credit prohibition prevents investors from buying shares using borrowed funds (margin), limiting speculative trading.

Which shares are affected‌ by this prohibition?

The shares of marmr.E and TMPOL.E are⁢ currently subject to the credit prohibition.

What ​is the VBTS?

VBTS stands for Volatility Based Measurement System, a system implemented by Borsa Istanbul under ⁣the direction of the CMB to manage market volatility.

How long will the⁣ credit prohibition last?

The current credit prohibition is in effect for transactions ‍from october 7, 2023, to ⁤November 6, 2023.

What is the role of the Capital Markets Board (CMB)?

The CMB is the regulatory body overseeing capital markets in‍ Turkey, and it directs⁤ Borsa Istanbul’s actions ⁣regarding market stability.

Will other measures be ⁣taken if volatility persists?

Borsa Istanbul may implement further measures,‌ as defined within the VBTS​ framework, if ⁢volatility continues to be a concern.