Our Stock Exchange is not yet computerized. It works by writing and drawing on the Black Board (now White Board).
In the Stock Exchange Hall, a Board is allocated for Stocks.
There are two sections for buyers and sellers on each board.
In the Stock Exchange, it is not possible to sell or buy any number of Stocks. For example, you cannot buy or sell 6 of this or 37 of that.
The minimum (minimum) purchase size for stocks is “bales” representing 200 shares. Instead of this technical term “bale”, the term “lot” is used in the stock exchange.
When it is said “buy a lot of that stock and sell 3 lots of this one”, it means that 200 shares will be bought and 600 shares will be sold.
It is possible for lots to be traded in halves (1 lot is 200, so a half of a lot is 300 shares).
It is possible for a broker member to write a maximum of 50 lots on the trading board at a time. In clear terms 50×200= 10,000 members one at a time can buy and sell shares.
When the session opens on the Stock Exchange, trading on each Board the previous day’s previous price to the price of the transaction is the basis.
Whatever the closing price of a stock was the day before (according to today’s Stock Exchange procedure), it is essential that the stock is traded in a value corridor 5 percent below or 5 percent above this price on the Stock Exchange the following day. When the Stock Exchange Session opens, it means that the intermediary member who writes the first buy or sell order on the board and will be careful to stay within the corridor.
One member comes and writes on the board how many lots of that stock he is ready to sell at how many liras. Someone else comes and writes how many lots they want to buy from that stock at how many liras. Each member also writes his or her own name or a sign identifying his or her company.
If the prices written on the board are acceptable to the buyer or seller, the buyer or seller crosses out the number written on the board and writes his or her own name or a sign identifying his or her company. This means that a purchase or sale has been realized at that price.
Exchange officials in the hall immediately fill out a contract form regarding this transaction. The information on this form is entered into the computer in the hall. In this way, it is recorded how much and for how much money a stock was bought and sold.
The information uploaded to the computer on moving belts or with connected screens, It is transmitted outside the Exchange Hall.
So you can instantly find out what’s happening on the Stock Exchange Those who want to know which stocks to buy during the session how much and at how many liras the bond is bought and sold to watch it.
