In an interview with Bloomberg, Capital Markets Board (CMB) Chairman Ömer Gönül stated that the 10% daily trading margin on the stock exchange will continue and that the intense demand for IPOs continues. Gönül made statements on many important issues from VIOP operations to stock exchange robots, crypto assets and new financial instruments.
Exchange Margin Will Continue at 10 Percent
CMB Chairman Ömer Gönül announced that the daily ceiling-to-floor margin ratio in the stock market will be maintained at 10%. Stating that unlimited margin practices in some countries pose risks for investors with low financial literacy, Gönül said that the current rate is ideal for market stability.
“The 10% margin practice protects investors from sudden price movements. For the time being, we believe that this system is working well and we do not plan to change it.”
Intense Interest in IPOs to Continue
Emphasizing that public offerings will continue to increase in 2025, Gönül stated that investor interest is strong. Stating that the IPO processes of companies will be accelerated, Gönül reminded that it is the duty of the CMB to provide accurate information.
Making an important warning to investors, Gönül said, “The companies offered to the public are subject to CMB supervision, but company analysis is the responsibility of investors. Investors should definitely make a detailed examination and act consciously.”
VIOP Operations and Exchange Robots
Commenting on some allegations of stock-based manipulation in the Futures and Options Market (VIOP), Gönül stated that these issues are meticulously monitored and any behavior contrary to the legislation is punished.
Responding to criticisms against stock exchange robots, the CMB Chairman stated that high-frequency trading robots are part of the stock exchange and are not against the law:
“Robots provide liquidity in the market by increasing transaction speed. However, we conduct regular audits to prevent malicious use.”
Regulation on Crypto Assets on the Way
Giving information about the work on crypto assets, Gönül announced that the secondary regulations will be completed in January 2025. Stating that the main goal of the regulations is to ensure investor security, Gönül said that they are acting in cooperation with TÜBİTAK and MASAK.
“We will increase confidence in the market by determining the operating principles of crypto asset platforms. We will ensure both the protection of investors and the transparent functioning of the system,” he added.
New Financial Instruments Are Coming
Stating that the CMB is working on new projects to develop capital markets, Gönül announced that innovative instruments such as bonds convertible into real estate will be introduced.
He stated that such instruments will provide diversity for investors and will be effective in meeting the financing needs of companies.
He stated that the market experience and support of the Minister of Treasury and Finance Mehmet Şimşek played an important role in the realization of these projects.
Conclusion: Market Stability and Innovative Steps
CMB Chairman Ömer Gönül’s statements indicate that stability will be maintained in the stock and capital markets and investor security will be increased with new regulations. The continuation of public offerings and future regulations on crypto assets will make the markets more transparent and reliable.
