Turkish Trading Volumes Surge 77% in May vs April

The Turkish Brokers Association of Turkish Brokers (TSPAKB) released its May Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term volume turnovers. May figures were reported at 126,869,583,940 TL which was a 77% increase from April’s number of 71,264,455,633 TL. In dollar terms, the volume represented 70 yards of trading vs 39.2 in April.

The huge spike in volume can be attributed to two main items. First, the May TSPAKB’s figures were composed of 12 reporting brokers, as compared to only collecting from 10 brokers in April. Second, increased Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term in May led to across the board increases in volumes versus April’s trading numbers.

As the amount of Turkish regulated brokers increase, we could be seeing another phenomenon that is helping to lead to the increase of volumes. Namely, Turkish traders who are clients of non-Turkish regulated brokers may be repatriating their funds with domestic regulated brokers, as the local options for trading increase.

Overall, the May figures reveal that the Turkish market continues to be posting solid growth after 2011’s slowdown due to new regulation being enacted.