The Importance Of Capıtal Markets Board In Forex
In recent years, Forex markets have become one of the most popular markets attracting investors worldwide. The daily is the world’s most liquid market with a trading volume of about $ 6 trillion. The underlying reason for this may be the possibility of trading on the forex market for 5 days and 24 hours a week, and the computer or smartphone with internet connection is sufficient for trading. However, the most important question in the minds of investors was whether forex was legal so that the transaction could be done with ease in the forex market. It has become a necessity to provide this legal ground and to inspect the market. For this reason, necessary arrangements for the supervision of the Capital Markets Board have begun.
What Is The Capital Markets Board?
An audit is conducted to provide assurance to interested parties that a given service is provided in the correct, complete and reliable manner. The Capital Markets Board (CMB), which was established in 1981 with the Capital Markets Law numbered 2499, has also been designated as a regulatory and supervisory institution.
The Importance Of Capital Markets Board In Forex
In line with the abovementioned objectives, the CMB has undertaken various studies in order to ensure that the investors in our country are rapidly increasing and that the Forex market, which is watched with more interest every day, can be processed regularly and safely and that the authorities and responsibilities of the market and its actors should be designed. Thanks to the supervision of the Capital Markets Board, the Forex market has become quite secure.
With the supervision of the Capital Markets Board, the criteria to be provided for the actors to be included in the forex market in our country were determined and then the certification process of the intermediary institutions was carried out in particular, and the speed of providing the most important “confidence environment” in a market accelerated.