Forex Market Sıtuatıon In Turkey And Effects On Turkey Fınancıal Market

Forex market is the highest volume financial market. Basically, the transactions are carried out through the exchange of currencies. Turkish formal regulations of FOREX trading have been made in 2011. With regulation, the Capital Markets Board (CMB) has become The competent authority. Officially recognized as a capital markets services, FOREX transactions surpassed the volume of Istanbul Stock Exchange (BIST) and Turkish Derivatives Exchange (VIOB). Official activities of FOREX began in August 2011,along with, financial market in Turkey has experienced many changes and developments. In this study, it was explained the basic dynamics of the FOREX Market, evaluated as a new financial market and alternative investment environment in Turkey. Then, interference with this new investment environment in Turkey s financial markets have been examined. Analysis showed FOREX Market has %66 in 2012,%80 in 2013 and %84 in the first nine months of 2014, total transactions of VIOB, BIST and FOREX Market; FOREX Market trading volume is 5,5 coat greater than sum of VIOB, BIST transaction volumes. In addition, FOREX Market insecurity platform largely reduced, after SPK oficially take over the supervision and control of the market. This results in the positive reflection of the proportion of investment increased by %20. Besides, the number of customers in the last three years has also been a rise in %46,6. FOREX Market has significant affects on intermediaries, in Turkey. Operating in the FOREX Market in 2014 increased to 36; the number of intermediaries. These institutions provide 245 million TL profit on leveraged transactions determined. This amount corresponds to one third of the total brokerage revenues. Investors and intermediaries on behalf of the information and processes were found to have major deficiencies about FOREX, in Turkey. Besides, relevant legislation is inadequate.