Turkey, one of the largest FX centres in the world, is positioning itself as a financial hub for derivatives via its Turkdex derivatives exchange. Protrader a leading platform specialist; has completed integration with the Turkish exchange and offers a wide range of services for Turkish based brokers.
Brokers benefit from:
- Protrader receives trading data from TurkDex and ISE – the key exchanges in Turkey.
- Special trading panels – Market summary, Custody list, Waiting orders, Transactions, Transaction Distribution, etc – were added for operating on TurkDex and ISE. Also using Turkish edition of Protrader brokers and their clients will be able to read contemporary Turkish news and follow economic calendar.
- The demo servers were moved to state-of-the-art Tier 3+ high security facility in Istanbul to serve local clients with the highest speed, security and regulation compliance.
- Protrader Desktop supports Turkish language additionally to other 10 localizations, available in the platform.
ProTrader’s Sales Representative for Turkey Murat Eren said “Turkey is a fantastic market, since the new regulations have been implemented we have seen a high level of interest from local brokers looking at spot and futures products, we have integrated our software to offer local Turkedex products”.
The Turkish financial regulator recently regulated FX as an asset class. Only brokers regulated and authorised by the SPK can promote and offer trade execution to clients trading In margin FX.
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Integral Securities formerly Ulukartal is one of the largest FX brokers based in Turkey.
Daily trade volume (total for Turkey) is believed to be around $18 to $22 billion.
Forexmagnates team wrote a detailed article on the state of FX in Turkey. Available in the Q3 quarterly report 2011.
Forexmagnates quarterly reports provide useful information for all market participants in FX and derivatives industry. Highlighting the finer details on different regions thus giving you a head start when defining your sales and marketing strategy. In addition to detailed analysis and products and services.