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Order Types Used in Stock Trading

​Track Order

  • On track order screen, you can track your pending or actualized orders and improve, divide or cancel the orders not actualized yet.

Improve Order

  • You can improve your order between 09:15 - 12:30 and 14:00 – 17:40 during the day.
  • For Improve Order action, you need to check the selection button next to the relevant order.
  • After you check, a new screen where you perform Improve Order action will appear.
  • On Improve Order screen, you can move the order you select on the previous screen to better price ranges.
  • You may not change the original Order amount.
  • Changing daily orders to session-only orders can be performed on the improve order screen.
  • On approval screen, you can check the accuracy of your information.
  • On track order screen, you can track the latest status of your order following improvement.

Divide Order

  • You can divide your order between 09:15 - 12:30 and 14:00 – 17:40 during the day.
  • For Divide Order action, you need to check the selection button next to the relevant order.
  • After you check, a new screen where you perform Divide Order action will appear.
  • On Divide Order screen, you can move the order you select on the previous screen to different price ranges.
  • The order can be divided into four parts at most, provided that at least one lot will remain at the original price.
  • Improvement can only be performed by raising the price in buy orders and lowering the price in sell orders.
  • On approval screen, you can check the accuracy of your information.
  • On track order screen, you can track the latest status of your order following improvement.

Cancel Order

  • Any order communicated to our institution outside the session hours and not yet transferred to the stock exchange system or any order communicated to BIST during the opening session can be cancelled.
  • For any order communicated to BIST outside the opening session, a cancellation request is submitted. BIST will cancel the order if not actualized. If it is processed, however, the transaction will be performed in accordance with your last order.

Targeted Order

  • You can issue future-dated buy or sell orders covering the next 15 business days.

Bulk Order

  • You can define multiple stocks buy or sell orders within a short notice, and ensure that all are communicated simultaneously.

Empty Portfolio Order

  • You can give the order to sell all of your portfolio stocks with a single transaction.

Daily Transactions

  • Using this screen, you can receive your daily position statements and reporting of your total actualized or entered buy-sell orders.

Trading Hours

BIST Equity Market (EM) Session Hours

Equity Market (National Market, Collective Products Market, Second National Market, Free Trade Platform) and Emerging Companies Market
First Session 09:15-12:30
Opening Session 09:15-09:35
Call Phase (order collection) 09:15-09:30
Price Determination Phase and Opening Transactions 09:30-09:35
First Quotation (Market Maker) 09:30-09:34
First Quotation (System) 09:34-09:35
Continuous Auction – Main Trading (including Trading via Market Making)09:35-12:30
Single Price Auction09:35-12:30
Call Phase (order collection)09:35-12:30
Price Determination Phase12:30-(+)
Equity Market (National Market, Collective Products Market, Second National Market, Watchlist Companies Market, Free Trade Platform) and Emerging Companies Market
2. Session 14:00-17:40
Opening Session 14:00-14:15
Call Phase (order collection) 14:00-14:10
Price Determination Phase and Opening Transactions 14:10-14:15
First Quotation (Market Maker) 14:10-14:14
First Quotation (System) 14:14-14:15
Continuous Auction – Main Trading (including Trading via Market Making) 14:15-17:30
Single Price Auction 14:15-17:33
Call Phase (order collection) 14:15-17:30
Price Determination Phase 17:30-17:33
Closing Session 17:30-17:40
Order Transfers 17:30-17:33
Call Phase (order collection) 17:33-17:36
Closing Price Determination Phase 17:36-17:38
Trades at Closing Price / Single Price 17:38-17:40
Wholesale Market
Official Auction Transactions (**) 10:30-12:00
Primary Market
Rights Coupon Market; traded within Relevant Market's Trading Hours. Rights coupons are not traded in the opening and closing auctions.

Market is open for a half day on certain holidays.

** Refers to trading hours of official auction transactions realized with ME, MF, MV, MC codes.

Note: Closing session will be run on half trading days phases of which are given below:

Order Transfers - (3 minutes, 12.30 - 12.33)

Call Phase (Order Collection) - (3 minutes, 12.33 - 12.36)

Price Determination and Closing Session Phase - (2 minutes, 12.36 - 12.38)

Trading at Closing Price / Single Price - (2 minutes, 12.38 - 12.40)