Borsa Istanbul introduces index-based circuit breaker
Borsa Istanbul has introduced an index-based circuit break function for the first time.
Trading in the benchmark index BIST 100 will be halted up to 20 minutes when stocks dive 5-7 percent below the previous close suddenly as of Aug. 10, according to a statement.
After a 20-minute circuit breaker stop, orders will be collected in the following five minutes.
Borsa Istanbul had put a stock-based circuit breaker system into effect in 2015, replacing another system halting a session com…