FEAS Yearbook FEAS Yearbook 2008 | Page 31

FEDERATION OF EURO-ASIAN STOCK EXCHANGES SEMI ANNUAL REPORT OCTOBER 2008 ISTANBUL STOCK EXCHANGE OFFICIAL 6 MONTH STATISTICS US$ millions Total Volume Average Daily Volume # Shares millions Total Volume Average Daily Volume Stocks Jan-08 Feb-08 Mar-08 Apr-08 May-08 Jun-08 TOTAL 29,592.97 27,302.05 23,842.22 23,359.24 21,327.69 18,578.92 144,003.09 1,345.14 1,300.10 1,135.34 1,112.34 1,015.60 928.95 1,139.58 8,691.66 9,601.09 8,663.80 9,646.06 7,612.61 7,462.73 51,677.95 395.08 457.19 412.56 459.34 362.51 373.14 409.97 Bonds Jan-08 Feb-08 Mar-08 Apr-08 May-08 Jun-08 TOTAL 30,641.26 27,522.64 24,822.25 20,240.24 16,820.20 16,667.69 136,714.29 1,392.78 1,310.60 1,182.01 963.82 800.96 833.38 1,080.59 0.05 0.05 0.05 0.04 0.04 0.03 0.25 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Other Jan-08 Feb-08 Mar-08 Apr-08 May-08 Jun-08 TOTAL 193,584.36 184,359.22 0.00 197,680.58 205,845.76 172,711.73 954,181.65 8,799.29 8,779.01 0.00 9,413.36 9,802.18 8,635.59 7,571.57 0.06 0.06 0.00 0.06 0.06 0.06 0.30 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Market Capitalization (US$ millions) Index Jan-08 227,258.26 2,128.70 Feb-08 232,189.84 2,189.96 Mar-08 187,969.15 1,739.06 Apr-08 209,830.94 1,969.98 May-08 223,656.47 1,928.74 Jun-08 193,695.50 1,676.85 PRACTICES & PROCEDURES Trading Days Hours Monday-Friday Stock Market (SM) 09:30-12:00 / 14:00-17:00 Bonds & Bills Market (BBM) 09:30 -12:00 / 13:00 - 17:00 Foreign Securities Market (FSM) 9:30-12:00/13:00- 17:00 Market segmentation SM segmentation: National, Second National, New Economy, Watch List Markets , Exchange Traded Funds (ETFs) BBM segmentation: Outright purch. and sales, repo/rev repo FSM: International Bonds Market System SM, BBM, FSM: Automated, depository link, data dissemination, reporting facilities, WAN Mechanisms SM, BBM, FSM: Multiple price continuous auction Market-maker/Specialists SM, BBM, FSM: no Instruments SM: Stocks, rights coupons, ETFs BBM: Gov.t bonds, T-bills, Money market instruments (repo/reverse repo), Corporate bonds FSM: Turkish Sovereign Eurobonds Currency SM: local BBM: local and foreign FSM: foreign Real time information SM, BBM, FSM: Market depth and basic data Clearing & Settlement Central Depository Period Registered Settlement SM, BBM, FSM: Yes SM: T+2, BBM: T to upto T+90 days, FSM: T+3 to upto T+15 days SM, BBM: Bearer, FSM: Bearer & Registered SM, BBM, FSM - Book Entry Clearing DVP Clearing Institution Risk Sharing Margin/Lending Custodians Taxes Cash Dividends Interest Income Capital Gains SM, BBM, FSM: Yes SM, BBM, FSM - Yes Yes (ISE Settlement and Custody Bank Inc.-Takasbank) SM, BBM, FSM- Yes SM, BBM, FSM - Yes Institutional Investors, Brokerage Houses, Banks, Exchange Members, Clearing Members Data not available Data not available Data not available Structure & Regulations Legal Public entity without capital and shareholder Regulation Self Securities market Exchange, regulatory authority regulations (CMB) Trading rules Exchange Surveillance Yes Corporate actions Equity (centralized), fixed income (centralized) Trading halts regulations Yes Investor protection Yes Foreign Participation Foreign investors Investment limitations Repatriation Allowed, No restrictions No limitations No restrictions PAGE 31