The Turkish Derivatives Exchange (TURKDEX), which was founded on February 4, 2005 in Izmir, is a market where you can trade futures contracts.
Futures contract is a standarized contract which gives the obligation to buy or sell a certain underlying instrument at a cetain date in the future.
Derivatives contracts listed in the TurkDex Exchange are:
Equity Index Futures Contracts
- ISE 30 Futures
- ISE 100 Futures
Currency Futures Contracts
Interest Rate Futures Contracts
Commodity Futures Contracts
- Cotton Futures Contracts
- Wheat Futures Contracts
- Gold Futures Contracts
The Advantages of the Derivatives markets :
- Financial Leverage: Futures transactions are giving the opportunity to gain high profit with a small capital
- Portfolio Insurance: The contracts in the Derivatives markets gives portfolio managers the opportunity to increase the variety of his portfolio and dispatch his risk effectively in alternative financial instruments.
- Tax Advantage : The withholding tax rate for TurkDEX trades will be zero until December 2008.
- Short selling: The derivatives markets give the investors short selling possibilities. If you think that the prices of your underlying instrument will decrease you could benefit from the move. Despite the spot markets, you may initiate a position by selling first. You may close out your short position later with a long position or you may wait until the maturity date.
- Hedging: Futures contracts give the opportunity for importers, exporters, producers, purchasers and investors to protect themselves against the spot risks on interest rates, exchange rates, and commodity prices.
Sessions
- Session : 9:15 -17:35
- Announcement of the daily settlement price: 17:45
| Contract |
Contract value |
Initial Margin |
Maintenance Margin (%) |
Maintenance Margin Level |
| ISE 30 Futures |
(TURKDEX-ISE 30 FUTURES price/10) TL |
700 TL |
0.75 |
525 TL |
| ISE100 Futures |
(TURKDEX-ISE 100 FUTURES price/10) TL |
600TL |
0.75 |
450 TL |
| TRYUSDollar |
1,000 $ |
160 TL |
0.75 |
135 TL |
| TRYEuro |
1,000 EUR |
240 TL |
0.75 |
180 TL |
| T-Benchmark Futures |
10,000 TL (nominal) |
300 TL |
0.75 |
225 TL |
| 91 Day T-Bill Futures |
10,000 TL (nominal) |
300 TL |
0.75 |
225 TL |
| 365 Day T-Bill Futures |
10,000 TL (nominal) |
500 TL |
0.75 |
375 TL |
| Cotton |
1,000 KG |
240 TL |
0.75 |
180 TL |
| Wheat |
5,000 KG |
240 TL |
0.75 |
180 TL |
| Gold |
100 gr. |
450 TL |
0.75 |
337.5 TL |
How can I trade in the Derivatives Exchange markets?
- Call +90 212 354 85 95
- Use your Denizbank @acıkdenız account over the internet
- Use the Data Vendors to submit your orders.