


The Turkish Electronic Fund Purchase and Sale Platform (TEFAS) has made an important change for investors. The deadline for fulfilling TL cash obligations has now been extended from 15:00 to 16:00. It is stated that this new regulation is an enlightening development in terms of enabling investors to use their trading times more efficiently.
Takasbank provided information regarding the reasons for the update. It was emphasized that there has been a significant increase in trading volumes and the number of orders, due to the rise in the number of funds being traded and the increase in the number of investors. Takasbank stated, "In this context, the requests from member organizations to the Platform and the closing and settlement times of other organized markets have been taken into account, and the deadline for fulfilling TL cash obligations has been extended."
Additionally, it was noted in Takasbank's announcement that there have been no changes to the current 'cut-off time for accepting orders related to same-day valued transactions (13:30)' and the cutoff time for purchase and sale transactions, which remains at (14:00).
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