Weighing In On The First Ever Turkey FX Conference: Impressions From Day One

The industry’s first ever FX Conference in Turkey, hosted by 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, has gotten underway Friday, as hundreds of traders, executives, and prominent fx leaders are in attendance at the luxurious Ciragan Palace Kempinski Hotel.

FX Traders And Industry Leaders Flock To Turkey Conference

The exclusive two-day event is the first of its kind, coalescing interests and personnel from both the B2B (Forex industry leaders) and B2C (traders) realms. Indeed, Turkey has seen a growing exposure and focus of forex trading in recent years, which only figures to rise given after its focus as the center of the forex universe for the remainder of the weekend.

According to Ulker, Managing Partner at Algosis speaking in an interview with Forex Magnates on emerging quantitative trading outfits based in Istanbul, "This event is ideal for us to connect and engage with the Turkish fx market, as a quant based firm we use algorithms as well as financial modeling techniques to find solutions to problems brokers face, from Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term to portfolio allocation. The fact that so many useful participants are in one room is credit to the organizers, this should be a regular event. Additionally, we want to develop systems that enhance the domestic environment."

Furthermore, the conference in Turkey looks to pave the financial technological future in the country:

"The Turkish market is relatively advanced compared to its peers, however we have lacked a gathering like today's that gives all participants an opportunity and engage with each other. I also believe that this event helps the overall market Friday was local traders can learn about advanced systems and the latest trends impacting the market,” added Mehmet Ozgur of IS Invest in an exclusive statement to Forex Magnates.

Indeed, many individuals are eying future growth in Turkey though not without its challenges - according to Andrew Ralich, Co-Founder and Principal at oneZero in a statement to Forex Magnates, "the infrastructure lacks certain components when comparing it to other emerging markets, however with the type of developments and implementation of systems we can see Istanbul developing a stable Eco-system to play a string role in the region."

FXStreet Takes Center Stage Tomorrow

The event has chalked up as a wonderful success thus far, with a extensive attendance and diverse turnout. Tomorrow the focus shifts exclusively to traders, as FXStreet is slated to host a variety of events and undertakings that cater to the B2C component of the industry.