Borsa İstanbul embraces technology, to add Equity Market Data Analytics in June

Rick Steves

Within the scope of the “Transformation through Technology Program”, Turkey’s major executing venue Borsa İstanbul will be adding Equity Market Data Analytics to its products’ range. Derived from real-time order book and trade data, the service will provide real-time in-depth order book data to market participants for the first time. The update, starting from June […]

Turkey's Borsa Istanbul embraces technology

Within the scope of the “Transformation through Technology Program”, Turkey’s major executing venue Borsa İstanbul will be adding Equity Market Data Analytics to its products’ range.

Derived from real-time order book and trade data, the service will provide real-time in-depth order book data to market participants for the first time.

The update, starting from June 1, 2016, is of great value for investors, market makers, algorithmic traders, high-frequency traders and risk managers, which will gain access to vital information about market conditions and trends.

Equity Market Data Analytics will provide important data in five categories: order arrival, order cancellation, order flow, volume weighted average price (VWAP), buyer-seller, to a total of 39 different analytics calculated for the stocks listed in BIST 100 Index. New and extended content of the data package for different analytics and instruments is planned to be delivered in time.

Fees are of 40 TL per month for local traders and 56 TL (approximately USD$19.87) per month for non-local users. Market participants will enjoy 75% discount in subscriptions until September 30, 2016.

Last updates to products and services in Borsa İstanbul date of 2015. In November, Borsa İstanbul has started to perform Equity Market Transactions on BISTECH Trading Platform after a first implementation with stakeholders and Equity Market transactions. The trades realized on BISTECH are transferred to Takasbank system on a real time basis.

 

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