{"id":105623,"date":"2022-02-13T12:59:41","date_gmt":"2022-02-13T12:59:41","guid":{"rendered":"https:\/\/leverate.com\/blog-tr\/makale\/doviz-piyasasinda-borsa-ici-ve-borsa-disi-islem-kavramlari-ve-aralarindaki-farklara-genel-bakis\/"},"modified":"2026-11-03T11:19:20","modified_gmt":"2026-11-03T11:19:20","slug":"doviz-piyasasinda-borsa-ici-ve-borsa-disi-islem-kavramlari-ve-aralarindaki-farklara-genel-bakis","status":"publish","type":"post","link":"https:\/\/leverate.com\/tr\/blog-tr\/is\/doviz-piyasasinda-borsa-ici-ve-borsa-disi-islem-kavramlari-ve-aralarindaki-farklara-genel-bakis\/","title":{"rendered":"D\u00f6viz piyasas\u0131nda borsa i\u00e7i ve borsa d\u0131\u015f\u0131 i\u015flem kavramlar\u0131 ve aralar\u0131ndaki farklara genel bak\u0131\u015f"},"content":{"rendered":"<p class=\"wp-block-paragraph\">D\u00f6viz piyasas\u0131nda, d\u00f6viz i\u015flemlerinin ger\u00e7ekle\u015fti\u011fi yere g\u00f6re d\u00f6viz piyasas\u0131 borsa i\u00e7i ve borsa d\u0131\u015f\u0131 piyasalar olarak ikiye ayr\u0131labilir. Buradaki \u201cborsa\u201d terimi, d\u00f6viz borsas\u0131n\u0131 ifade eder; \u00f6rne\u011fin, \u00fcnl\u00fc Chicago D\u00f6viz Vadeli \u0130\u015flem Borsas\u0131\u2019nda merkezi ve sabit bir i\u015flem yeri bulunurken, borsa d\u0131\u015f\u0131 piyasada sabit bir i\u015flem yeri yoktur; \u201cborsa d\u0131\u015f\u0131\u201d kavram\u0131, \u201cborsa i\u00e7i\u201dye g\u00f6re tan\u0131mlanan bir kavramd\u0131r.Borsa i\u00e7i i\u015flemler ve borsa d\u0131\u015f\u0131 i\u015flemler her ne kadar d\u00f6viz ticareti kapsam\u0131nda yer alsa da, aralar\u0131nda b\u00fcy\u00fck farklar bulunmaktad\u0131r.<\/p>\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>Etkili m\u00fc\u015fteri ili\u015fkileri y\u00f6netimi, her perakende brokerlik \u015firketi i\u00e7in hayati \u00f6nem ta\u015f\u0131r. <a href=\"https:\/\/cn.leverate.com\/lxcrm\/\">LXCRM<\/a>, siz ve forex yat\u0131r\u0131mc\u0131lar\u0131n\u0131z i\u00e7in \u00f6zenle tasarlanm\u0131\u015ft\u0131r. Platformunuzu telefon sisteminiz, e-posta ve SMS ile entegre ederek yat\u0131r\u0131mc\u0131lar\u0131n\u0131zla kolayca ileti\u015fim kurabilirsiniz. \u00d6nemli olaylar, teminat yetersizli\u011fi durumlar\u0131 ve pazarlama kampanyalar\u0131 i\u00e7in otomatik bildirimler olu\u015fturun.LXCRM ayr\u0131ca, arac\u0131 kurumlar\u0131n temsilcilerinin performans\u0131n\u0131 takip edebilmelerini sa\u011flayan ba\u011fl\u0131 sistem entegrasyonu da sunar.<\/p><\/blockquote>\n\n<p class=\"wp-block-paragraph\">Kredi temeli farkl\u0131d\u0131r. Borsa i\u00e7i i\u015flemlerde, d\u00f6viz borsas\u0131 i\u015flem mekan\u0131n\u0131 ve altyap\u0131s\u0131n\u0131 sa\u011flar; borsa i\u00e7inde ger\u00e7ekle\u015ftirilen d\u00f6viz i\u015flemleri, borsa taraf\u0131ndan \u00f6nceden belirlenmi\u015f standart s\u00f6zle\u015fmeler \u00fczerinden yap\u0131l\u0131r. Borsa, s\u00f6zle\u015fmelerin yerine getirilmesini ve vade sonu teslimat ile takas i\u015flemlerini denetlemekle de sorumludur; bu nedenle d\u00f6viz i\u015flemlerindeki kredi riski borsa veya i\u015flem merkezi taraf\u0131ndan \u00fcstlenilir.Ancak tezgah \u00fcst\u00fc piyasada, i\u015flemlerin istikrarl\u0131 ve d\u00fczenli bir \u015fekilde y\u00fcr\u00fct\u00fclmesini sa\u011flamak \u00fczere borsa gibi bir kurum bulunmamaktad\u0131r. Tezgah \u00fcst\u00fc i\u015flemlerde taraflar aras\u0131ndaki i\u015flemler, kar\u015f\u0131l\u0131kl\u0131 g\u00fcvene dayan\u0131r ve her bir taraf, kar\u015f\u0131 taraf\u0131n kredi riskini \u00fcstlenir.<\/p>\n\n<p class=\"wp-block-paragraph\">\u0130\u015flem \u00fcr\u00fcnlerinin farkl\u0131l\u0131\u011f\u0131. Borsa i\u00e7i i\u015flemlerde d\u00f6viz s\u00f6zle\u015fmeleri standartla\u015ft\u0131r\u0131lm\u0131\u015ft\u0131r; ba\u015fl\u0131ca i\u015flem \u00fcr\u00fcnleri aras\u0131nda d\u00f6viz vadeli i\u015flemleri ve d\u00f6viz opsiyonlar\u0131 yer al\u0131r; \u00f6rne\u011fin Chicago Opsiyon Borsas\u0131 (CBOE) ve Philadelphia Menkul K\u0131ymetler Borsas\u0131 (PSE).Genel olarak, borsa i\u00e7i i\u015flem \u00fcr\u00fcnlerinin d\u0131\u015f\u0131nda kalanlar borsa d\u0131\u015f\u0131 i\u015flem olarak kabul edilir; \u00f6rne\u011fin, spot d\u00f6viz ticareti ve spot d\u00f6viz marj ticareti gibi. Yayg\u0131n borsa d\u0131\u015f\u0131 piyasalar aras\u0131nda IFX, CMC ve Avrupa-Amerika perakende d\u00f6viz piyasas\u0131 arac\u0131 kurumlar\u0131 say\u0131labilir.Dikkat edilmesi gereken bir nokta da, hem borsa i\u00e7i hem de borsa d\u0131\u015f\u0131 i\u015flemlere konu olabilen baz\u0131 \u00fcr\u00fcnlerin de mevcut olmas\u0131d\u0131r. \u00d6rne\u011fin, finans kurumlar\u0131 taraf\u0131ndan olu\u015fturulan ETF fonlar\u0131, yat\u0131r\u0131mc\u0131lara iki farkl\u0131 i\u015flem y\u00f6ntemi sunar: ETF\u2019ler hem birincil piyasada hem de borsan\u0131n ikincil piyasas\u0131nda i\u015flem g\u00f6rebilir.<\/p>\n\n<p class=\"wp-block-paragraph\">Fiyat olu\u015fum mekanizmalar\u0131 farkl\u0131d\u0131r. Borsa i\u00e7i i\u015flemlerde, borsan\u0131n arac\u0131l\u0131k etmesi nedeniyle i\u015flem taraflar\u0131n\u0131n fiyatlar\u0131 borsa taraf\u0131ndan belirlenir; bu s\u00fcre\u00e7 nispeten \u015feffaf ve a\u00e7\u0131kt\u0131r ve borsa i\u00e7i piyasadaki i\u015flem verimlili\u011fini art\u0131rarak piyasa likiditesini y\u00fckseltir.Ancak tezgah d\u0131\u015f\u0131 i\u015flemlerde fiyat, i\u015flem taraflar\u0131n\u0131n m\u00fczakeresi sonucunda belirlenir; bu s\u00fcre\u00e7 tamamen taraflar\u0131n aralar\u0131ndaki pazarl\u0131\u011fa dayan\u0131r ve fiyatlar genellikle \u015feffaf de\u011fildir.Borsa d\u0131\u015f\u0131 piyasada, arac\u0131 kurumlar\u0131n kendi platformlar\u0131nda m\u00fc\u015fterilerin i\u015flemlerini e\u015fle\u015ftirdi\u011fi durumlar da mevcuttur; ancak ayn\u0131 zamanda, arac\u0131 kurumlar\u0131n kendi sermayelerini kullanarak i\u015flemcilerle kar\u015f\u0131 taraf olarak i\u015flem yapt\u0131\u011f\u0131 durumlar da vard\u0131r. Bu durumda, kar\u015f\u0131 taraf olarak hareket eden platform piyasa yap\u0131c\u0131 konumundad\u0131r ve genellikle belirli bir manip\u00fclasyon alan\u0131 mevcuttur.<\/p>\n\n<p class=\"wp-block-paragraph\">Takas d\u00fczenlemeleri farkl\u0131d\u0131r: Borsa i\u00e7i i\u015flemlerde merkezi takas, borsa veya ilgili takas kurumu taraf\u0131ndan ger\u00e7ekle\u015ftirilirken, borsa d\u0131\u015f\u0131 i\u015flemlerde ise taraflar fon takas\u0131n\u0131 kendi aralar\u0131nda d\u00fczenler.G\u00f6r\u00fcld\u00fc\u011f\u00fc \u00fczere, borsa i\u00e7i piyasadaki i\u015flemler, i\u015flemlerin normal \u015fekilde teslimi ve takas\u0131n\u0131 daha iyi garanti ederken, borsa d\u0131\u015f\u0131 piyasadaki g\u00fcvence d\u00fczeyi daha d\u00fc\u015f\u00fckt\u00fcr. Borsa d\u0131\u015f\u0131 piyasadaki yat\u0131r\u0131mc\u0131lar genellikle finansal g\u00fcc\u00fc y\u00fcksek ve i\u015flem hacmi b\u00fcy\u00fck olan ki\u015filerdir; k\u00fc\u00e7\u00fck yat\u0131r\u0131mc\u0131lar ise genellikle sadece borsa i\u00e7i i\u015flemler ger\u00e7ekle\u015ftirir.<\/p>\n\n<p class=\"wp-block-paragraph\"> Ayr\u0131ca, i\u015flem \u00fccretleri ve emir verme y\u00f6ntemleri gibi konularda da borsa i\u00e7i ve borsa d\u0131\u015f\u0131 i\u015flemler aras\u0131nda bir\u00e7ok fark bulunmaktad\u0131r. Her iki piyasan\u0131n da kendine \u00f6zg\u00fc avantajlar\u0131 vard\u0131r; ancak mevcut d\u00f6viz piyasas\u0131na bak\u0131ld\u0131\u011f\u0131nda, hem \u00fcr\u00fcn \u00e7e\u015fitlili\u011fi hem de i\u015flem hacmi a\u00e7\u0131s\u0131ndan borsa d\u0131\u015f\u0131 piyasa h\u00e2l\u00e2 t\u00fcrev i\u015flemlerin ana piyasas\u0131 konumundad\u0131r ve i\u015flem hacmi bak\u0131m\u0131ndan borsa i\u00e7i piyasay\u0131 \u00e7ok a\u015fmaktad\u0131r.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>D\u00f6viz piyasas\u0131nda, d\u00f6viz i\u015flemlerinin ger\u00e7ekle\u015fti\u011fi yere g\u00f6re d\u00f6viz piyasas\u0131 borsa i\u00e7i piyasa ve borsa d\u0131\u015f\u0131 piyasa olarak ikiye ayr\u0131labilir. Buradaki \u201cborsa\u201d terimi, d\u00f6viz borsas\u0131n\u0131 ifade eder; \u00f6rne\u011fin, \u00fcnl\u00fc Chicago D\u00f6viz Vadeli \u0130\u015flem Borsas\u0131\u2019nda merkezi ve sabit bir i\u015flem yeri bulunurken, borsa d\u0131\u015f\u0131 piyasada sabit bir i\u015flem yeri yoktur; \u201cborsa d\u0131\u015f\u0131\u201d kavram\u0131, sadece \u201cborsa i\u00e7i\u201dye g\u00f6re tan\u0131mlanan bir kavramd\u0131r.Borsa i\u00e7i i\u015flemler ve borsa d\u0131\u015f\u0131 i\u015flemler her ne kadar d\u00f6viz ticareti kapsam\u0131nda yer alsa da, aralar\u0131nda b\u00fcy\u00fck farklar bulunmaktad\u0131r.<\/p>\n","protected":false},"author":29,"featured_media":100328,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[341],"tags":[1408],"class_list":["post-105623","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-is","tag-doviz-piyasasi"],"acf":[],"_links":{"self":[{"href":"https:\/\/leverate.com\/tr\/wp-json\/wp\/v2\/posts\/105623","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/leverate.com\/tr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/leverate.com\/tr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/leverate.com\/tr\/wp-json\/wp\/v2\/users\/29"}],"replies":[{"embeddable":true,"href":"https:\/\/leverate.com\/tr\/wp-json\/wp\/v2\/comments?post=105623"}],"version-history":[{"count":1,"href":"https:\/\/leverate.com\/tr\/wp-json\/wp\/v2\/posts\/105623\/revisions"}],"predecessor-version":[{"id":105628,"href":"https:\/\/leverate.com\/tr\/wp-json\/wp\/v2\/posts\/105623\/revisions\/105628"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/leverate.com\/tr\/wp-json\/wp\/v2\/media\/100328"}],"wp:attachment":[{"href":"https:\/\/leverate.com\/tr\/wp-json\/wp\/v2\/media?parent=105623"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/leverate.com\/tr\/wp-json\/wp\/v2\/categories?post=105623"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/leverate.com\/tr\/wp-json\/wp\/v2\/tags?post=105623"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}