CFH Clearing has appointed Mehtap Önder as Regional Director in Turkey, responsible for Sales and Support, according to the company’s latest press release.
Following the launch of a new suite of solutions under the ClearVision product line, as covered by Forex Magnates in the prior quarter, CFH Clearing has today announced that as part of its focus on growth in Turkey, it has complied with Turkish regulations in order to serve its customers with technology that fits the current regulatory landscape.
Mrs. Onder was described in the update as a native Turkish speaker with strong relationship management skills, and has a thorough understanding of the local regulatory requirements for brokerages, and was hired by the firm to help expand its efforts in Turkey.
News Precedes Forex Magnates’ Turkey FX Conference Coming This Week
The company is scheduled to attend the Forex Magnates’ Turkey FX Conference, with Mrs. Onder representing her new role for CFH Clearing, and will be joined by Marc Hoyer Levin, VP of Business Development at CFH Clearing.
As nearly a thousand industry people are expected to converge at this highly anticipated event with networking expected to fuel the prospective communications between brokers, partners and service providers, more announcements can be expected. Such benefits are sought by attendees along with other perks afforded from events like these – from panels with discussions on the latest developments, to exhibitors presenting their views and products.
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This conference, organized by Forex Magnates and ConversionPros, will take place this Friday, April 4th, and Saturday April 5th, at the luxurious 5-star Çirağan Palace Hotel, a former residence of Ottoman sultans, in Istanbul.
Day one will be focused on B2B, for brokers and bankers, whereas day two will include B2C, with retail client related elements. Registration for the event, which still remains open for now (around time of publication), includes an offer for new research compiled by Forex Magnates, specifically for the market in Turkey – as companies consider prospects for the region. The full agenda and list of sponsors and speakers can be found on the event’s homepage: https://www.financemagnates.comturkeyfx/
CFH Seeks Presence in Turkey, a Destination Attracts International Firms
With regards to the CFH Clearing announcement, the company offers a combination of a Prime of Prime (PoP) interbank liquidity management technology solutions and trading technology enterprise solutions, including tools required by brokers to manage an increasingly complex business with multiple trading platforms, liquidity providers, back office systems and risk books, all in one place.
CFH Clearing appears bullish on the regulated FX market in Turkey, a segment that has been evolving in recent years and making it an attractive destination for brokers – yet also maintaining the stringency that prevents firms from using the country as merely a registered address for a regulatory license– such as compared with New Zealand for example (although it too is cleaning up its loopholes, and becoming a safer hub, and more information on that is available). On the contrary, in Turkey regulated forex firms are required to have a physical presence, as an example.
Commenting in the official press release, Lars Holst, CEO of CFH Clearing said, “We are rapidly gaining momentum in Turkey and already have agreements in place with some of the leading brokers in Turkey. The interest is high in our ClearVision suite of products which we have adapted to comply with Turkish regulation, such as the need for local hosting for reporting.”
Mr. Holst concluded regarding the new appointment, “As a result of our potential for growth in this region, we decided to appoint a dedicated Turkish Director – someone who speaks Turkish, understands the culture and the local approach to business. Mehtap is an asset to the team and we are looking forward to working with her to develop our presence in Turkey.”
Finally, it will be interesting at this week’s event to see and hear the latest developments from attendees with regards to recent bans on different forms of social media sites such as Twitter, and subsequently YouTube, as Turkey’s government voiced resistance and pursued court-ordered bans.