Turkey’s largest investment bank, IS Investment, enters exclusive partnership with application-based platform tradable for retail FX clients
Instrumental to tradable’s innovative approach is its emphasis on applications which are able to be incorporated into the platform, allowing users to fully customize their trading environment with third party software.
A timely entry into the Turkish market by tradable, the ergonomics of such flexibility may appeal to a client base within a nation whose president has recently blocked social media and microblogging services Twitter, upon which a great many retail traders worldwide rely for market information. The applications available via tradable therefore becoming a suitable substitute for such reliance on ‘tweets’ from external sources.
It appears that President Tayyip Erdogan does not intend to stop with the revoking of Twitter from Turkish soil, having stated to reportedly thousands of supporters at a rally on Thursday that he intends to “wipe out all of these,” quite candidly revealing his wish to put an end to all interactive social media in Turkey, thus having the potential effect of restricting a litany of information to the detriment of the nation’s business environment.
Using tradable, traders can create their own fully customized online trading platform by choosing from hundreds of custom-made, rich applications built by third-party developers exclusively for tradable’s platform – such as charting apps, actionable trading opportunities from Autochartist, news from Dow Jones and risk management and execution tools from Traderstoolset.com.
Ilkay Dalkilic, Managing Director at IS Investment’s International Capital Markets Department comments: “We’re very pleased that the tradable platform will be available exclusively in Turkey to our clients. Still considered to be under-penetrated, the leveraged FX market in Turkey is geared to grow in size. Through this partnership, tradable’s innovative trading technology will reinforce IS Investment’s leading presence in this growing segment and also supplement our goal to become the leading brokerage house in the region.”
Cuneyt Akdemir, Manager at IS Investment’s Leveraged FX Department explains, “Due to an increase in the level of sophistication among Turkish retail FX clientele, a customized and a cutting edge platform is now in greater demand. With this in mind, we strongly believe a combination of tradable’s vision and IS Investment’s dominant presence and brand recognition in Turkey and the surrounding region, will prove to be a successful partnership.”
Jannick Malling, CEO of tradable made a commercial statement that: “We were keen to establish a strong presence in the rapidly growing Turkish market. tradable only works with top of the range partners and leaders in the FX industry and therefore IS Investment, one of the biggest and most influential participants in the Turkish market, is an ideal partner for us. We are very much looking forward to bringing tradable to Turkish developers and traders.”