Borsa İstanbul, the sole exchange entity in Turkey announced today in response to feedback from market participants and investors, it has been decided to make certain changes in the cycle structure of USD/TRY, EUR/TRY and EUR/USD futures contracts.
According to the new cycle structure, current and next calendar month contracts will be traded along with the two nearest months of which are February, April, June, August, October and December. To facilitate this transition, new monthly USD/TRY, EUR/TRY and EUR/USD futures contracts shall be introduced in addition to the existing ones.
In 2014, VIOP set numerous “all-time records” in various products including currency contracts. With this new cycle structure, investors will be able to trade with more contract months including the current month and closest to spot and it is expected to lead to more “all-time records” by VIOP in the coming months.
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