Turkish volumes soar in June 2012 - up 55% vs May

The Turkish Brokers Association of Turkish Brokers (TSPAKB) now released its June 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.

While 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 June figures were even higher at 196,623,480,495,63 TL. At Exchange

Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term rate of 1,79 it amounts to 109 yards.

The growth is phenomenal but also tells us that the market plummeted after the regulation changes were announced and is now growing back up.

New entrants like IS Investments who today went live with Integral's FX Grid will help drive volumes grow even further.