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Tag Archives: turkey forex

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

Aug
28
2012
Posted by Michael Greenberg in Brokers
0 Comments

The Turkish Brokers Association of Turkish Brokers (TSPAKB) now released its June Forex 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 …
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Turkey’s IS Investment launches Integral’s FX Grid for Margin FX Solution

Aug
28
2012
Posted by Michael Greenberg in Brokers,Software Developers
0 Comments

Turkish forex market has undergone significant changes in the past twelve months, especially since local regulation was announced. In August last year Turkish financial regulator CMB published its requirements and the move was very aggressive. Turkey was once home to few …
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Association of Turkish Brokers announces forex volumes for April 2012

Jun
25
2012
Posted by Michael Greenberg in Brokers
0 Comments

In a very short update sent to Turkish Brokers the Association of Turkish Brokers announced the monthly forex turnover for April 2012. Total volume for 10 brokers was 71.264.455.633,69 TL. Given the TRY/USD exchange rate of 1,8194 we get USD 39.2 …
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4 more Turkish brokers receive forex licences

Apr
6
2012
Posted by Michael Greenberg in Brokers
1 Comments

4 more new forex licences were announced today for: Tera Securities Ata Invest Securities GCM Securities X Trade Brokers (XTB) – the first foreign broker to receive such a license This bring the total number of forex licences granted by …
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Tacirler Securities and Anadolu Securities acquire the Turkish forex license bringing the total number of licences to 7

Mar
19
2012
Posted by Michael Greenberg in Brokers
0 Comments

It seems CMB is taking the forex licensing process seriously and has already approved 7 forex brokers. Tacirler Securities and Anadolu Securities join the previously approved 5 other brokers: Integral Securities (former Ulukartal Forex) İş Yatırım (İş Bank owned broker) …
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2 more Turkish brokers obtain full forex license

Mar
12
2012
Posted by Michael Greenberg in Brokers
0 Comments

Last week three Turkish brokers obtained the first ever full forex license granted by the CMB: Integral Securities (former Ulukartal Forex) İş Yatırım (İş Bank owned broker) Turkish Yatırım (Turkish Bank owned broker) Two more now have obtained such as …
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First 3 brokers obtain a full forex license by CMB in Turkey

Mar
6
2012
Posted by Michael Greenberg in Brokers
0 Comments

Finally 3 brokers were granted full forex license to operate in Turkey. In August 2011 Turkish forex regulator CMB suddenly announced that forex brokerages are no longer allowed to operate in Turkey without a license. Such license however wasn’t even …
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