• The Sun Never Will Go Down in Turkish Capital Markets
  • October 6, 2011 | Author: Begüm Inceçam
  • Law Firm: Kolcuoglu Demirkan Attorneys at Law - Istanbul Office
  • The Capital Markets Board of Turkey (the ¿CMB¿) announced the long-awaited draft communiqué on leveraged trading of foreign exchange and commodities (the ¿Draft Communiqué¿) on 20 July 2011. Currently, the Draft Communiqué is open to the comments of market players. The Draft Communiqué introduces the concept of ¿leveraged trading¿ into the Turkish capital market, which also includes popular foreign exchange transactions, widely known as ¿Forex¿.