"Foreks Information Communications Services Inc. was established in early 1990 as a joint Swiss-Turkish entity. The company headquarters is in Istanbul, with offices in Izmir, Ankara and Adana.
Foreks specializes in broadcasting of financial data with full range of products using mobile devices and fixed stations providing services to all parties involved in the financial markets. Its client base consists of banks, brokerage houses, foreign exchange bureaus and other financial institutions, Internet service providers and portals, corporations and private investors.
Foreks launched with pager based services for the finance community. In 1995, it developed its user-friendly trader program with real-time quotes, technical analyses, charts, graphs and news. Foreks was the first in its market to have a Windows-based software, as well as being the first one to use VBI technology to broadcast its data. The combination of its user-friendly, well- developed product and its competitive pricing proved to be revolutionary in the market.
Foreks’ success in development of financial data supplying systems and programs that provide real-time data and technical analysis is mainly due to four factors:
1. Leading edge in technology
Throughout the years, Foreks has always been on the cutting edge of technology, integrating technological innovations and new approaches to its operations and developing new and robust products.
2. The use of domain experts and market specialists:
While developing its product range, Foreks technology team cooperates with market specialists and has been perfecting the product continuously with feedback from clients. Foreks takes a very flexible and non- bureaucratic approach, which enables its market specialists to recognize and react to market trends and developments, and allows its software developers to integrate these market demands and input quickly.
3. Competitive pricing:
The strength of the company lies not only with its use of innovative technology and its robust, user-friendly and reliable products but also with its competitive pricing structure. Foreks is the leader in providing cost-efficient real-time data, news and technical analysis.
4. Customer Service and Technical support:
What differentiates Foreks from its competitors is the importance it gives to client service management as well as to technical support. The company has five separate but complementary units:
1) Sales and Marketing
2) Technical Service
3) Systems Support (Help Desk)
4) Software Development
5) News Center
Foreks focuses on distributing accurate and reliable real-time information with its innovative technology and flexible approach to programming. It has a strategic alliance with Fides, from where it gets its international data. Fides Information Services, Zurich, is an affiliated company of the Credit Suisse Group in Zurich and specializes in providing “bank-neutral” financial information. All major global exchange, equity, foreign exchange and commodity markets forward real time information to Fides. In addition to Fides, Foreks has agreements with AFX News, Istanbul Stock Exchange, Anatolian News Agency, ISE Custody and Settlement Bank, Istanbul Gold Exchange, Ihlas News Agency, ANKA News Agency, AP Dow Jones and the Central Bank of The Republic of Turkey to accumulate its data and news. "