Matriks

What Matriks does

Matriks Finansal Teknolojiler Anonim Şirketi (BIST: MTRKS) is a publicly traded Turkish financial technology company founded in 2004 and headquartered in Şişli, Istanbul. The company has operated for over 20 years as a leading domestic capital markets technology provider, delivering financial market data terminals, algorithmic trading platforms, and mobile trading applications to both retail investors and institutional clients in Turkey. Matriks serves as an official licensed data provider for Borsa İstanbul (BIST), distributing real-time and delayed market data alongside 20 years of historical data coverage, and has built integrations with 40+ Turkish brokerage firms and financial institutions.

The product portfolio spans consumer-facing and institutional surfaces. Consumer products include MatriksIQ Veri Terminali (an AI-powered next-generation data and trading platform), Matriks Prime Veri Terminali (premium terminal with 60+ analytical modules and synthetic order types), Matriks Veri Terminali (desktop terminal with 50+ modules), Matriks Mobil IQ (mobile app with 100M+ Google Play downloads and a top-three grossing ranking in Turkish finance), and Matriks Web Trader (a PWA-based browser-accessible trading platform). Algorithmic trading modules include Indicator Builder, Explorer, System Tester, and Expert Advisor, plus a proprietary Formasyon Analizi pattern recognition system. Institutional services encompass data and content licensing, custom product development, algorithmic trading platforms, order management systems (OMS), Mobile SDK, App in App, data calculation and broadcasting services, and FX Trader. Supporting offerings include Tarihsel Veri (historical CSV data downloads), Matriks Connect (internal messaging), Matriks Haber Masası (news aggregation), and Otomatik Ödeme Talimatı (automatic subscription payment).

The business model is subscription-based with monthly and annual billing across data terminals and mobile premium features, combined with recurring data licensing, algorithmic platform contracts, and custom development revenue from institutional clients. Distribution combines product-led growth through app stores and a direct e-commerce storefront (store.matriksdata.com) with sales-led enterprise motions targeting brokerage firms, banks, and asset managers. The company maintains a multi-channel ecosystem including the Matriks Trader YouTube channel, Matriks Akademi educational platform, Algo Kütüphanesi algorithm library, and the annual Matriks Zirve summit. As a BIST-listed public company, Matriks is subject to Turkish public disclosure requirements, though specific revenue figures are not disclosed in available sources.

Name

Matriks

Legal name

Matriks Finansal Teknolojiler Anonim Şirketi

Website

https://www.matriksdata.com

Company type

Public

Founded year

2003

Operating status

Operating

Headcount range

101–250 employees

Short description

Matriks (BIST: MTRKS) is a publicly traded Turkish financial technology company, founded in 2004, that provides AI-powered financial data terminals, algorithmic trading platforms, and mobile trading applications serving retail investors and institutional brokerage and banking clients across Turkish capital markets.

Ownership category

akta.pro rank

Product category

Financial Data & Trading Software

NAICS

Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200)

akta.pro primary industry

Algorithmic Trading & Execution Platforms (FSAFANAN)

akta.pro secondary industry

Single-Dealer Platforms (Multi-Asset) (FSAFAEAG)

Keywords

• Financial data terminals
• Algorithmic trading platforms
• Market data services
• Mobile trading applications
• Capital markets technology

Headquarters

HQ city

Istanbul

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Software

Cost components

Technology or R&D, Personnel, Infrastructure, Marketing or Sales, Operations

Revenue model

1. Software Licensing Subscriptions: Subscription-based revenue from data terminals (MatriksIQ, Matriks Prime, Matriks Veri Terminali) with monthly or annual billing cycles. Includes automatic payment options with discounts.
2. Data and Content Licensing: Revenue from providing market data and content services to institutional clients including BIST data, international market data, and calculated data indicators.
3. Algorithmic Trading Platform Licensing: Licensing revenue from algorithmic trading platforms and custom product development for institutional clients.
4. Mobile App Premium Features: In-app purchases for premium features within Matriks Mobil IQ mobile application.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels6 records

Core offering

Matriks develops and sells financial market data terminals, algorithmic trading platforms, and mobile/web trading applications for the Turkish capital markets. The product suite includes MatriksIQ (AI-powered next-generation terminal), Matriks Prime, Matriks Veri Terminali, Matriks Mobil IQ, and Matriks Web Trader for retail investors, alongside institutional data licensing, OMS, algorithmic trading platforms, and custom product development for brokerage firms and banks.

Product overview

Matriks offers a multi-platform financial technology ecosystem comprising consumer-facing data terminals and institutional services. The core consumer product line includes MatriksIQ Veri Terminali (AI-powered next-generation platform), Matriks Prime Veri Terminali (premium-tier platform with 60+ analytical modules), Matriks Mobil IQ (mobile trading app), Matriks Web Trader (PWA web platform), and Matriks Veri Terminali (desktop platform). The institutional services suite encompasses algorithmic trading products, data/content provider services, custom product development, algorithmic trading platforms, content management systems, OMS products, App in App, Mobile SDK, data calculation and broadcasting services, and FX Trader. Additional offerings include Tarihsel Veri (historical data downloads), Matriks Connect (internal messaging), Matriks Haber Masası (news aggregation), and Otomatik Ödeme Talimatı (automatic payment). The products work together as an integrated ecosystem with shared data sources and cross-platform functionality.

Differentiator

Problem solved

Functional benefit

Brands

• MatriksIQ: New generation financial data, analysis and trading platform with AI-powered predictive analytics for capital markets.
• Matriks Prime
• Matriks Mobil IQ
• Matriks Web Trader
• Matriks Trader
• Matriks Store
• Matriks Akademi
• Algo Kütüphanesi
• Matriks AI
• Matriks Zirve

Products and services

• MatriksIQ Veri Terminali AI-powered next-generation financial data, analysis and trading platform offering capital markets data, AI-supported prediction analyses, and advanced trading capabilities for retail investors and professionals in Turkish and international markets.
• Matriks Prime Veri Terminali Premium-tier capital markets data monitoring, analysis and trading platform providing portfolio optimization, power and momentum indicators, fundamental ratios, growth rates with sector and index comparative indicators, and synthetic order types (Take Profit/Stop Loss, Swap, Pair, Trailing Stop) for retail investors.
• Matriks Mobil IQ Mobile application for real-time financial market tracking enabling BIST Pay and VIOP trading, cryptocurrency monitoring, voice command functionality, and 80+ technical indicators for individual investors on iOS and Android.
• Matriks Web Trader PWA-supported web-based price monitoring and trading platform functioning across all modern browsers without installation, with dark/light theme options, voice commands, and modular page structure; enables BIST and VIOP trading.
• Matriks Veri Terminali Desktop capital markets data monitoring and trading platform providing real-time Turkish and international financial market data with 50+ analytical modules, technical indicators, and order execution capabilities for retail investors.
• Algoritmik İşlem Ürünleri (Algorithmic Trading Products) Algorithmic trading product suite including Indicator Builder, Explorer, System Tester, and Expert Advisor applications for creating automated buy-sell systems with alarm-triggered order execution capabilities for active traders and investors.
• Tarihsel Veri (Historical Market Data) Historical market data download service providing BIST and VIOP historical prices in CSV format with bar data at 1, 5, 60 minute and daily intervals for individual and institutional users.
• Veri ve İçerik Sağlayıcı Servisler (Data and Content Provider Services) Institutional data and content provider services delivering BIST market data, international market data, and calculated data indicators to banks, brokerage firms, and financial institutions for licensed redistribution and internal use.
• Ürün Geliştirme (Custom Product Development) Custom product development services creating financial instruments, data feeds, and trading tools tailored to the specific needs of institutional brokerage firms, banks, and financial institutions.
• Algoritmik İşlem Platformları (Institutional Algorithmic Trading Platforms) Institutional-grade algorithmic trading platforms deployed for brokerage firms and financial institutions to support professional automated trading operations and order management.
• OMS Ürünleri (Order Management System Products) Order Management System (OMS) products for institutional trading operations, providing order routing, execution, and trade management infrastructure for brokerage firms and financial institutions.
• FX Trader Foreign exchange trading platform enabling FX market operations and order execution for institutional clients and financial institutions.
• Mobil SDK (Mobile Software Development Kit) Mobile Software Development Kit (SDK) enabling third-party developers and institutions to integrate Matriks financial market data and trading services into custom mobile applications.

Quantifiable outcome

• Over 100 million mobile app downloads
• +4 more outcomes

Named customers7 records

Segments3 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature8 records

Partnerships

Six partnerships are on record, tiered core.

• A1 Capital Menkul DeğerlercoreTechnology or IntegrationA1 Capital integrates Matriks Veri Terminali and Prime for automated trading capabilities in BIST equity and VIOP derivatives markets.
• Garanti Yatırım Menkul KıymetlercoreTechnology or IntegrationGaranti Securities provides automated order execution through Matriks platforms for their retail and institutional clients.
• İş Yatırım Menkul DeğerlercoreTechnology or IntegrationIs Investment integrates Matriks algorithmic trading and market data services for client trading operations.
• BtcTurkcoreTechnology or IntegrationBtcTurk cryptocurrency exchange integration with Matriks platforms enabling cryptocurrency market data and trading capabilities.
• Borsa İstanbul (BIST)coreTechnology or IntegrationMatriks is an official data provider for Borsa İstanbul, delivering real-time and delayed market data to investors.
• TakasbankcoreTechnology or IntegrationTakasbank serves as the central custodian bank for securities, with Matriks integrating Takasbank data for settlement and clearing information.

Scale indicators5 records

Recent moves3 records

Expansion highlights6 records

Direct peers

• TradingView: TradingView is a global financial charting and trading platform serving retail investors with paid subscription tiers. It directly competes with Matriks' retail-facing terminals (MatriksIQ, Prime) and mobile app in providing charting, analysis, and community-driven trading tools.
• Foreks: Foreks is a Turkey-based financial data and market analytics provider competing directly with Matriks in the Turkish capital markets. It offers data terminals and analytics services for Turkish retail and institutional investors.
• Forextra (formerly Matriks İleri): Forextra is a Turkish fintech providing market data and trading platforms for Turkish capital markets. It competes with Matriks' data terminals and mobile trading applications in the retail and institutional segments.

Broad incumbents

• Bloomberg: Bloomberg operates the Bloomberg Terminal, the global standard for institutional financial data and trading infrastructure. It competes with Matriks' institutional data licensing and algorithmic trading platform services, particularly for Turkish banks and financial institutions seeking global market data.
• Refinitiv (LSEG): Refinitiv (now part of London Stock Exchange Group) provides Eikon/Workspace terminals and financial data infrastructure globally. It competes with Matriks' institutional offering for banks and financial institutions requiring multi-market data and trading workflow integration.
• Plus500: Plus500 is a global multi-asset trading platform offering CFD trading across various instruments. While not a direct data terminal competitor, it overlaps with Matriks' mobile trading and brokerage-facing retail services in Turkey and broader markets.
• Interactive Brokers: Interactive Brokers is a global electronic trading platform offering multi-asset trading through its Trader Workstation and IBKR Mobile. It competes with Matriks' mobile trading and algorithmic trading platform for sophisticated Turkish retail and institutional clients.
• eToro: eToro is a global social trading and investment platform operating in Turkey. It competes with Matriks' retail-facing platforms for retail investor attention and trading activity in Turkish and international markets.
• S&P Capital IQ: S&P Capital IQ provides financial data, analytics, and research platforms for institutional investors. It competes with Matriks' institutional data services and algorithmic trading capabilities for financial institutions requiring fundamental and market data.

Emerging players

• Midas (Midas Menkul Değerler): Midas is a Turkish digital investment platform offering commission-free stock trading for retail investors. While not a data terminal competitor, it targets the same Turkish retail investor base as Matriks' consumer products and represents a competing destination for retail trading activity.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@matrikstrader/videos
• Xx.com/matrikstrader
• Facebookfacebook.com/MatriksBilgiDagitimHizmetleriAS

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Matriks