The Turkish Singapore Collaboration

Turkey and Singapore are not commonly known to have many similarities, culturally or economically, however the two nations have signed a Memorandum of Understanding (MOU) Thursday to foster mutual cooperation towards the development of both exchanges and their respective markets.

Singapore, one of Asia's most established markets has been linking its capabilities with other stock exchanges in the region. It signed an agreement with Malaysia's Bursa Malaysia.

Singapore's STI is trading at 3,016.75 and Turkey's ISE 100 is trading at 67,582.

The two exchanges say the tie-up will mandate collaboration on investment opportunities within their respective markets, as well as knowledge transfer, sharing of information, and ensuring on best practices.

The move comes after Singapore giant Phillip Capital acquired local Turkish broker HAK MENKUL KIYMETLER A.Ş.after the countries financial regulator opened up the FX markets under its supervision.

The regulator has introduced certain restrictions which have affected how people trade, Leverage Leverage In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders Read this Term has been limited to 100 to 1 and only regulated brokers either as dealer or introducer can deal with Turkish residents. Currently Phillip Capital, Saxo Bank and XTB are the main international brokers operating in the Turkish market.

Turkey has a developed capital markets with equities, bonds and futures and options traded on exchange. Turkdex, the derivatives exchange has been strengthening YoY, its current daily volume is around $2 billion.

Turkey will be one the many countries discussed at the much awaited 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 Magnates Summit 2012.