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The surveillance
function at TurkDEX had been executed by the Market Operations, Clearing
and Surveillance Department until June 24, 2008. In order to facilitate
a more effective market monitoring, a separate Surveillance Department
was established in accordance with the decision of the Board as of June
24, 2008. The Surveillance Department is responsible for maintaining a
transparent, fair and orderly conduct and execution of exchange
transactions and detecting activities stated in the article 47/A of the
Capital Markets Law No: 2499
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Making use of insider information concerning
the contracts traded at TurkDEX to gain an advantage or to profit
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Artificially raising, depressing or
stabilizing the price of a contract traded at the Exchange
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Artificially affecting the supply of or
demand for the contract traded on the Exchange
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Creating misleading appearance of active
trading
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Dissemination of false or misleading
information concerning the contracts traded at the Exchange
V-OBserver, the surveillance system of the
Exchange which has been in use since January 2009, is designed and
developed by TurkDEX mainly for detecting the activities mentioned
above. In order to provide effective real-time surveillance, the system,
integrated with a CEP (Complex Event Processing) engine, analyzes the
market data according to the parameters representing market normality
and issues alerts automatically for suspicious abnormal situations.
For the transparent, fair and orderly
conduct and execution of exchange transactions, precautions are taken in
cooperation with the Exchange members, and identified illegal activities
are reported to The Capital Markets Board.
Important Points to be Considered by Investors
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