VIOP (Derivatives Market)
Key points
- The most active contracts are BIST 30 index futures, USD/TRY futures, gold futures and single-stock futures.
- VIOP is used to protect a stock portfolio by selling index futures, to lock in FX risk or to take leveraged directional positions.
- leverage multiplies losses; the entire margin and more can be lost.
Formula / calculation
the investor deposits an initial margin (usually 5–15%) rather than the full contract value; profit and loss are settled daily into the margin account (mark to market). A margin call follows if the balance drops below the maintenance level. Contracts expire in set months with cash or physical settlement.
Interpretation
VIOP is used to protect a stock portfolio by selling index futures, to lock in FX risk or to take leveraged directional positions. The gap between the futures and spot price (basis) reflects interest rates and expectations.
Pitfalls
leverage multiplies losses; the entire margin and more can be lost. Expiry and margin rules are complex. Thinly traded contracts have wide spreads. It is high risk for inexperienced investors.
Pages where this term appears
Related terms
Frequently asked questions
What is VIOP (Derivatives Market)?
VIOP is the Borsa Istanbul derivatives market where futures and options on indices, stocks, currencies, gold and commodities trade.
How is VIOP (Derivatives Market) calculated?
the investor deposits an initial margin (usually 5–15%) rather than the full contract value; profit and loss are settled daily into the margin account (mark to market). A margin call follows if the balance drops below the maintenance level. Contracts expire in set months with cash or physical settlement.
Yatırımcı.AI ResearchMethodology