Borsa İstanbul introduced a brand new measure for Sasa, which pulls consideration with the efficiency and excessive market worth of its shares.
In response to the assertion made by Borsa Istanbul, “Prohibition of Order Cancellation, Order Amount Discount and Order Worth Worsening” measure shall be utilized for 1 month as of November 7, 2022 on Sasa Polyester shares.
As well as, the “Quick Promoting and Credit score Transaction Ban” measure presently being applied in Sasa was prolonged till 6 December 2022 (finish of session).
VOLATILITY BASED MEASURE SYSTEM
Each the newest and prolonged measures are applied throughout the scope of Borsa İstanbul’s ‘Volatility Based mostly Precaution System’. With the mentioned system, it’s aimed to make sure that the transactions are carried out in a good and sincere method and to guard the buyers from the dangers introduced by extreme volatility.
Inside the scope of this technique, the next 5 measures may be utilized:
- First stage “Quick Promoting and Credit score Transaction Ban” measure for 1 month,
- Second stage “Gross Clearing” measure for 1 month,
- Third stage “Order Bundle (Restriction of Market Order and Market to Restrict Order Entry, Prohibition of Order Cancellation, Order Amount Discount and Order Worth Worsening and Restriction of Order Assortment Data Broadcasting)” measure for 1 month,
- Fourth stage “Buying and selling with Single Worth Technique” measure for 1 month,
- Fifth stage “Restriction of Order Transmission Channels (Web Order Ban)” measure for 1 month
The “Quick Promoting and Credit score Transaction Ban”, which ranked first among the many above measures, had been in impact for 1 month. Lastly, the period of the measure was prolonged by 1 month.
THE PURPOSE IS NOT TO DECREASE VALUE
A brief sale transaction refers back to the sale of unowned capital market devices or the putting of an order for the sale. Any such transaction is made to make the most of this lower in anticipation of a worth lower sooner or later. With overdraft inventory buy transactions, buyers have the chance to make extra transactions in opposition to the collateral of the shares of their account, along with money and swap receivables. By limiting these transactions, it’s not aimed to lower the worth of the share, however to cut back the value volatility.
MARKET BALANCE MAY BE DROPPED BY CANCELLATION OF ORDER
The opposite measure taken, “Prohibition of Order Cancellation, Order Amount Discount and Order Worth Worsening” has been enforce as of at the moment. In Borsa Istanbul, buyers usually have the chance to cancel the orders they ship to the market, cut back the quantity of the order or worsen the order. This chance is generally given to offer the investor an opportunity to alter his thoughts.
Nonetheless, generally a considerable amount of buy from the underside or a considerable amount of gross sales from the highest are ordered. Then, these orders may be withdrawn in a malicious manner and the stability of the market may be disturbed. With these order cancellations, the buyer-seller stability may be disrupted immediately. Particularly when the stability is disturbed, the small investor could make panic shopping for and promoting. This results in elevated worth volatility and decreased predictability. Borsa İstanbul might prohibit order cancellation for sure shares as a way to forestall volatility.
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