Turkish forex broker ALB Menkul Degerler, one of the country’s biggest, has selected CFH Clearing’s ClearVision, specifically noting the risk management tools.
Here are the details from the press release:
25 September 2014 –- ALB Menkul Degerler, one of the biggest and most respected Turkish brokers, has selected ClearVision by CFH Clearing to support its next growth phase. The broker was particularly attracted by ClearVision’s advanced risk management tools and the opportunity it gives to automate more processes, freeing up time to focus on faster growth.
ClearVision is rapidly gaining traction in the Turkish market. It provides brokers with the ability to centrally manage liquidity, clearing and risk as well as facilitate multiple front-ends from one single back-end solution. Fully compliant with Turkish SPK regulation, ClearVision provides Turkish brokers with all the technology required to develop and expand their business both domestically and abroad.
According to Mehtap Önder, Regional Director at CFH Clearing, “We are delighted to be playing a key role in ALB’s expansion plans as we believe they are one of the most influential brokers in the Turkish forex market. We have worked in partnership to customize our cutting-edge ClearVision solutions to match their exact requirements and support their local business needs.
“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 comments, “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.”
Metin Aytekin, General Manager, ALB Menkul Degerler adds, “We are 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.”