DESCRIPTION OF THE EXCHANGE

According to Article 28 of the Law No. 5174 on Chambers, Commodity Exchanges and the Union (TOBB); “ Commodity exchanges are included in the exchange within the framework of the principles written in this Law. the purchase and sale of substances and the determination, registration and announcement of the prices formed in the stock market They are institutions with public legal personality established to engage in their business.”

Securities in which stocks are usually traded when the stock market is mentioned. stock markets come to mind. However, commodity exchanges and stock exchanges there are differences between them. The main difference that separates the two from each other is; is the trading of agricultural products in commodity exchanges.

Commodity exchanges, financial and administrative institutions with autonomy. In other words; any monetary to public institutions that create and use resources themselves, without burdening them. resource transferring organizations. In addition, he was elected from among his own members. administered by the boards. In this respect, liberal democracy is an indispensable element. Commodity exchanges are also an important part of the market economy. is part of it. Because, in the commodity exchanges, the prices of agricultural products, It is formed according to supply-demand conditions.

TAILS OF THE EXCHANGE

According to Article 34 of the Law on Chambers, Commodity Exchanges and the Union numbered 5174, trade duties of exchanges:
a) Arranging and registering the buying and selling of the substances included in the exchange on the exchange.

b) The daily prices of the items included in the exchange, which are formed in the exchange, to identify and announce in the office.

c) Buyer and seller in terms of delivery, receipt and payment obligations, liquidation conditions of transactions, effects on prices stating the terms and procedures of discretionary arbitration when a dispute arises, and To make general regulations that will enter into force with the approval of.

d) Price communication by following domestic and foreign stock markets and markets to guide its members on electronic commerce and internet networks.

e) To prepare and approve the documents in Article 51.

f) To determine the types and characteristics of the items included in the Exchange. to establish laboratories and technical offices or to participate in these.

g) To determine the customs, traditions and practices regarding the stock exchange within their region, To submit to the approval of the Ministry and announce.

h) Proposals, wishes and submissions to the relevant official authorities on matters pertaining to Exchange activities. make applications; all or part of its members otherwise, to file a lawsuit on behalf of these members or on their own behalf.

ı) Agreements, decisions and concerted practices that may have anti-competitive effects to monitor the practices and, if detected, to the relevant authorities. notify.

j) Given to ministries or other public institutions and organizations by legislation works within the framework of the establishment purposes and scope of duty specified in this Law. to carry out these works in case of deposits to the stock exchanges.

k) To provide the documents required by its members and to do services.

l) Evaluating the applications to be made about domestic fairs and submitting it to the Union. make an offer.

m) With the duties assigned by other legislation, within the framework of the relevant laws, the Union and To perform the duties assigned by the Ministry.