Devexperts’ Trading Platform Certified by Turkish Borsa Istanbul

One of the leading platform technology developers in the industry, Devexperts, has passed the FIX certification of Borsa Istanbul. The leading Turkish stock market operator has granted dxTrade Advanced Level FIX certificates for both the equity and derivatives markets.

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The move marks a successful milestone for the company as it prepares to expand in the region.

Commenting on the news, the CEO of Devexperts Turkey, Firat Gurler, said: “Since April 2014, Borsa Istanbul has been undergoing serious changes, preparing Turkey’s National Stock Exchange for the 2020s. At Devexperts, we have been playing our part since then, by introducing our advanced Fintech infrastructure to Turkey’s fast developing markets.”

“In addition to Devexperts’ high speed, ultra-efficient market data vendor business, we are expanding our presence as a trading technology provider in Turkey. I believe, launching dxTrade as the backbone for Turkish instruments is an essential phase in this process, and shall grow the Turkish brokerage business to its desired levels,” Mr Gurler said.

Turkish Capital Markets Access

dxTrade has been determined by the Borsa Istanbul as compliant with the requirements for executing advanced level and market making orders directly at the Borsa Istanbul Exchange.

The certification enables Devexperts to offer the solution to Turkish capital market participants. Potential customers for the company include large institutions like brokers and banks and medium-sized portfolio management firms. The platform is fully customizable for white-labeling, supporting a set of different asset classes like stocks, options, futures, commodities, and 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.

Notably, the Turkish forex market crumbled after a new law enacted last year mandated a 1:10 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 restriction. The move came as a surprise to brokers that had been operating in the country, and has forced many firms out of the market.