Upward Tick Rule Introduced for Short Selling in BIST 50

Borsa Istanbul has announced that the upward tick rule will be applied to short selling transactions in the equity markets of companies included in the BIST 50 index. This regulation stands out as a new measure for short selling activities. The upward tick rule requires that short selling orders be entered at least one tick above the current best bid price. Thus, it aims to prevent downward pressure on prices by directly selling at the best bid price. The implementation will be valid for stocks within the BIST 50 index. The rule is expected to help limit sudden price movements caused by short selling during periods of high market volatility. Market participants consider that this change may particularly affect short-term trading strategies. Details regarding when the regulation will take effect have not yet been clarified. Not investment advice.