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Forex Regulation Seems To Be Working In Turkey

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After initial slowdown, Turkish traders return as market seems safer.

Turkey flagRecently-introduced stringent regulations and enforcement in the local Turkish market first had the (expected) effect of lowering trading volumes in the country. However as certain local brokerages went through the regulation process, and as leading foreign firms such as Saxo Bank (which purchased Turkish brokerage Deger Menkul Degerler earlier this year) became involved, Turkish traders flooded back to the FX markets, confident that they were now trading with safer, regulated brokers.

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