Company's unique multi-bank order routing system also recognized as runner-up in Best Active Trading Platform category
Salt Lake City, July 17, 2008 – At the half-way point of a year already marked with numerous industry accolades, Interbank FX (IBFX.com), a worldwide provider of online foreign currency (Forex/FX) trading, today announced that it achieved top ranking at the inaugural MoneyAM Online Finance Awards in the "Best Online FX Provider" category and was recognized as runner-up for "Best Active Trading Platform," which recognized the company's unique multi-bank order router and execution system.
All of this year's award winners were chosen by users of MoneyAM—an online Website for its sister publication, Shares magazine, and one of the premier destinations for private investors in the UK—who voted for their favorite providers in several categories, including Best Online Futures Provider, Best Online Funds Service and Best Online US Market Trading Service. Other quality contenders at this year's event included GFT, Saxo Bank and Interactive Brokers.
"We're delighted to receive this honor that recognizes IBFX as a true industry leader, and thank the many users of MoneyAM for their gracious support," said Todd Crosland, Chairman and President of Interbank FX. "The fact that these awards were voted for by actual traders who find value in our company simply strengthens our commitment to provide our customers state-of-the art trading capabilities and continual product enhancement."
IBFX has achieved several company milestones in 2008 year-to-date, and has experienced rapid growth in customer accounts and trading volume over this time period. The company continues to distinguish itself as a leading forex trading platform with its multi-bank execution technology.
Among the many achievements that demonstrate IBFX's continued value proposition to customers include:
- Strong Growth in Customer Accounts: Current customer base in excess of 26,000 active accounts in 140 countries around the globe
- Record Trading Volumes: Notional one-day trading volume of more than $11 billion on June 30, 2008 represents the highest daily trading volume recorded in IBFX's history of operation.
- Enhanced Revenue Growth: YTD revenues up more than 140 percent compared to same time period last year
This most recent recognition by MoneyAM follows hot on the heels of IBFX's success at the 2008 American Business Awards—hailed as "the business world's version of the Oscars"—where the company was recognized as a Finalist in three separate categories, including Best Chairman (Todd Crosland), Best Marketing Executive (Marilyn McDonald) and Best New Product or Service (IBFXU).
Interbank FX was also named Best Foreign Exchange Broker at the 2007 Shares Awards in London.
About MoneyAM Ltd
MoneyAM launched in January 2003 as the new online website for its sister publication Shares Magazine. MoneyAM has already risen to be one of the premier destinations for private investors in the UK seeking personal finance information, stock market data, news and comment. MoneyAM has a strategy of focusing products and brands towards high-profile websites and established quality financial providers. MoneyAM's success in this field is evidenced by the growing list of websites, portals and brokers who now use MoneyAM's products for their clients, including Microsoft's MSN.co.uk. MoneyAM delivers more than 54 million advertising impressions a month (November 2005), on behalf of a range of well-known lifestyle, personal finance and financial advertisers, to an audience of active private investors and traders.
About Interbank FX
Headquartered in Salt Lake City, UT, Interbank FX, LLC (IBFX.com) is a leading provider of online forex trading services, offering individual traders, fund managers and institutional customers proprietary technology and tools to trade spot foreign currency online.
Unlike other retail FX brokers, IBFX has distinguished itself as an industry leader with its proprietary tools and services and focus on customer care. This has led to numerous awards and industry accolades that IBFX has compiled. The recognition includes Best Online FX Provider, Best Foreign Exchange Broker, Best Chairman, Ernst and Young Entrepreneur of the Year, and Inc 500.
Interbank FX serves over 27,000 clients from more than 140 countries and supports trading volume in excess of US$70 billion per month. The company is regulated as a Forex Dealer Member by the National Futures Association and is also registered with the Commodity Futures Trading Commission as a Futures Commission Merchant. Trading in the off-exchange retail foreign currency market is one of the riskiest forms of investing and should only be attempted by experienced traders.