Futures and Options Exchange (VOB)

The Futures and Options Exchange (VOB) is a futures and options exchange operating in Turkey. It was established in 2005 and is currently part of Borsa Istanbul, the main stock exchange in Turkey. VOB provides a platform for trading futures and options contracts in the Turkish financial markets.

The main objective of VOB is to offer investors the opportunity to manage risks and speculate through futures and options contracts. These contracts are based on various underlying assets, including stocks, indices, currencies, precious metals, energy products, agricultural products, and interest rates.

Futures contracts traded on VOB have a specific maturity date and represent a certain quantity and quality of the underlying asset. These contracts are standardized, meaning they have specific characteristics such as a fixed size, delivery date, and delivery method. Standardization facilitates the buying and selling of contracts and ensures liquidity in the market.

Options contracts traded on VOB represent the right, but not the obligation, to buy or sell a specific asset (the underlying asset) at a predetermined price (the strike price) on or before a specific date (the expiration date). Options provide investors with the opportunity to hedge against price fluctuations or speculate on market movements.

Trading on VOB is conducted through an auction method, where buyers and sellers place their orders through brokerage firms. VOB establishes regular trading hours and rules to ensure fair and orderly market operations.

As part of Borsa Istanbul, VOB contributes to the development of the Turkish financial markets by providing opportunities for risk management and speculation. However, it is important for investors to understand the market and the trading mechanism before engaging in VOB trading. Considering the risks involved, seeking professional advice can also be beneficial.