XTB Proceeding With Plans to Leave Turkish Market
Posted: Wed Apr 18, 2018 5:39 pm
Polish FX brokerage XTB is proceeding with its plans to exit the Turkish market and will be withdrawing its registration with the CMB, according to a corporate statement.
XTB stated earlier in November 2017 that it may suspend its plans to cease operations in Turkey until the end of the first half of 2018, as the listed company expected Turkey’s authorities to retreat from a number of limits to the forex business that were introduced earlier this year.
But after the Turkish regulators had given no indication of their intention to revise the significant limitations on forex regulations, XTB has ... (read more)