Salt Lake City, December 9, 2007 – Interbank FX (IBFX.com), an online Futures Commission Merchant (FCM), today announced it has been named Best Foreign Exchange Broker at Shares magazine's 2007 Shares Awards. The winners were announced Thursday, Nov. 29, 2007, at a gala dinner at the Grosvenor House Hotel in London.
"We are indeed grateful to the readers of Shares for recognizing us in this capacity," said company president and CEO Todd Crosland. "This prestigious award mirrors our firm dedication to providing the highest level of technology and customer service to our clients, and illustrates the enduring high regard of IBFX's services among traders throughout the world,"
Readers of Shares magazine—the fastest growing financial title in the UK—nominated their favorite providers in a variety of areas, including stocks, derivatives, online research and information, software, and fund management. IBFX competed against quality contenders CMC Markets, FXCM, GFT Global Markets, Hargreaves Lansdowne and Saxo Bank in its bid to earn top honors at the annual event.
"We believe that our long-term success is closely tied to the success of our customers," said Crosland. "Our commitment to excellence is by no means static. We strive to exceed our customers' expectations by continually adding new technological features and dynamic trading tools. We look forward to being a strong contender for the 2008 awards."
Being honored by Shares as the Best Foreign Exchange Broker is the crowning achievement of a year already marked by several milestones for IBFX. Some of the 2007 highlights include:
- Todd B. Crosland, 2007 Ernst & Young Entrepreneur of the Year winner
- Utah Best of State award winner 2007 (Financial Services)
- Utah Valley Entrepreneurial Forum (UVEF) Winner – Top growth company in Utah under 5 years old
- $40 million minority investment from private equity firm Spectrum Equity
- Monthly trading volume in excess of $70 billion
- Current net capital in excess of $30 million (November 30, 2007)
- Unveiling of industry first Platinum reward IBFX credit & debit card program
- Introduction of several pioneering customer trading tools, including popular IBFX-PRS—"Pattern Recognition System"
About Shares
Since its launch in 1999, Shares magazine has been the fastest growing financial title in the UK. Its achievements have been recognized by three major industry awards — the Association of Circulation Executives' prize for the best launch of the year in the newstrade, the Periodical Publishers Association title for the most successful subscription launch, and the ProShare award for favorite information product among investment club members. Comment and expert analysis from Shares journalists is now available on a daily basis on MoneyAM, a financial Web site aimed at active private investors.
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.