Borsa Ä°stanbul VIOP Removes Order Cancellation Fees In FX And Gold Contracts

Effective from April 1, 2016, all FX and gold contracts traded on VIOP will be exempt from order cancellation fees including FX futures- USD/TRY, EUR/TRY, EUR/USD, Gold futures- TRY/Gr and USD/Ounce futures and FX options- USDTRY. Currently, all VIOP contracts are subject to order cancellation fees, provided that monthly voluntary order cancellation volumes exceed a certain threshold. VIOP takes an important step forward to further increase the liquidity of its FX and gold contracts and provide an efficient pricing mechanism. 

Announcement (pdf)

As the world’s fastest growing derivatives market in 2015, Borsa Ä°stanbul Derivatives Market (VIOP) is the region’s leading and most liquid derivatives marketplace where the investors, institutions and corporates trade to manage their market risk. VIOP offers the widest range of regional benchmark products across all major asset classes, including futures and options based on equities, equity indices, currencies, interest rates, precious metals, commodities and energy with a central counterparty clearing service.