For the second consecutive year, Interbank FX's continuous growth is recognized by Utah Business magazine's Fast 50 program
Salt Lake City, September 2, 2009 — Interbank FX, a worldwide provider of online off exchange retail foreign currency (Forex/FX) trading services, has been named the third fastest growing company by Utah Business magazine's Fast 50 awards program. Since inception, Interbank FX has continued to see enormous growth, increasing revenues by nearly 60,000% from 2004 through 2008.
"Achieving a top Fast 50 ranking for the second year in a row is tremendous honor and a testament of our over 175 hard working employees, without whom none of this would be possible," said Todd Crosland, Chairman and President of Interbank FX. "We are committed to expanding the functionality and capabilities of our wide array of trading services and tools—continuing our momentum as we span the globe. We thank the Utah business community for recognizing our efforts."
Throughout 2009, Interbank FX's strong commitment to customers has allowed continued achievement, as illustrated by the following company milestones:
- Customers in over 140 countries.
- Over 35,000 customer accounts.
- Current Net Capital in excess of $35,000,000 (May 31, 2009).
- Customer access to Interbank FX's multi-bank liquidity feed, meaning competitive spreads, 100 percent automated execution and smart routing to World Money Center Banks.
- 2009 Inc. 500's eighth fastest growing company within financial services sector, 208th overall
- 2009 Trader's Choice Award- FOREXDS.
- 2009 Best Mobile Forex Trading Platform- World Finance Magazine.
- 2009 Best Foreign Exchange Broker and Online Education Provider- Money AM Online Finance Awards.
"Utah Business magazine is proud to honor Interbank FX in the Fast 50 program, which honors Utah's fastest-growing and top revenue-generating companies. Interbank FX, which made the no. 3 spot on the Fast 50 list, deserves recognition for the strength it brings to Utah's business community," says Sarah Ryther-Francom, managing editor of Utah Business magazine.
The Utah Fast 50 program was designed to recognize companies for their entrepreneurial spirit, innovative business tactics and skyrocketing revenue growth. Other quality contenders at this year's event included Monavie, featuring an exclusive açai berry juice blend and web analytics company Omniture. Interbank FX was honored at the event in Salt Lake City on August 27th and will be featured in Utah Business magazine's September issue.
About Interbank FX
Headquartered in Salt Lake City, UT, Interbank FX, LLC (IBFX) is a provider of online Forex trading services, offering individual traders, money managers and institutional customers proprietary technology, tools and education to trade spot foreign currency online.
Unlike other off-exchange retail foreign currency brokers, IBFX has distinguished itself among industry leaders with its unique multi bank liquidity feed, proprietary tools and services, and remarkable focus on customer care. This has led to longer?term relationships and to numerous awards and industry accolades, including Best Online FX Provider, Best Foreign Exchange Broker, Best Chairman, Ernst and Young Entrepreneur of the Year, and Inc 500.
IBFX serves more than 35,000 clients from more than 140 countries around the world and has supported a trading volume in excess of US$80 billion in a single month. The company is regulated as a member of 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 investment available in the financial markets and suitable for sophisticated individuals and institutions. The possibility exists that you could sustain a substantial loss of funds and therefore you should not invest money that you cannot afford to lose. With all major news releases, there is the possibility of significant price volatility. IBFX is not liable for any loss or damage, including without limitation any loss of profit, which may arise from the use of Dow Jones FX Select or reliance on such information. For more information about Interbank FX, please visit the company's Web site at http://www.ibfx.com.