CFH Clearing Strikes a Deal with Leading Turkish Brokerage, ALB Menkul Degerler

One of the biggest Turkish forex brokers, ALB Menkul Degerler, selected ClearVision by CFH Clearing to gain access to the company’s technology solutions. The broker was attracted by ClearVision’s advanced 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 tools and the opportunity the solution gives to automate more processes.

The move will free up more resources at the brokerage to focus on different areas of its business. The company is aiming to gain a more global focus which would make sense especially in the Turkic languages region, which includes fast growing oil-rich economies such as Azerbaidjan and Kazakhstan.

The deal comes after earlier this year, when CFH Clearing announced that it has complied with Turkish SPK regulations and appointed Mehtap Önder as Regional Director.

ALB Menkul Degerler’s, General Manager, Metin Aytekin, states in the firm's announcement, "The company is looking forward to our collaboration with CFH Clearing. We sincerely believe this partnership will take us to the global stage and increase our strength in the local market place.”

ClearVision offers a set of modules providing all the tools necessary for managing a business, including Prime of Prime interbank Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term, support for multiple trading platforms, liquidity providers, back office systems and risk books.

ClearVision is rapidly expanding into the Turkish market. Its solutions currently marketed in the region deliver central liquidity management, clearing and risk, as well as the functionality of managing multiple front-ends from one single back-end solution.

CFH Clearing’s Regional Director, Mehtap Önder, elaborated on the local market, explaining, “The Turkish industry is rapidly evolving and brokers are excited by ClearVision, which offers capabilities which simply weren’t available to them before. We are experiencing a lot of interest from Turkish brokers and are building a strong presence in the region.”

Lars Holst, CEO, CFH Clearing, commented in the company announcement, “Our aim is to be the leading technology provider for the Turkish regulated FX market and we are thrilled that one of the leading brokers in Turkey has selected us. We look forward to a strong partnership with them.”