Stepping-stone for Further Expanding Footprint in Asia
Seoul, South Korea, September 7, 2009 — Following the success of its recent launch of private-label service in South Korea, Interbank FX (www.ibfx.com) a leading global off-
exchange retail foreign currency (Forex/FX) broker, announced today its plan to open an office in Seoul by this month. This new office will allow Interbank FX to better serve its existing partners as well as foster relationships with futures and securities firms in Korea Interbank FX plans to partner with, aiming to increase its business opportunities in Asian market.
Using a transparent business model, Interbank FX provides customized solutions and technology. In addition, Interbank FX's unique multi-bank liquidity pricing gives customers and partners the ability to benefit from our relationship with seven of the largest banks in the world.
Todd Crosland, CEO of Interbank FX, said, "Interbank FX is committed to providing the Korean marketplace superior trading technology. Our tools and education will help our broker partners on their road to success."
Peg Reed, Interbank FX managing director of global partnerships, said, "We're elated to announce the opening of our Korean office, allowing us to further assist Korean futures and securities firms with our outstanding IT solutions. Based on a high degree of integrity and transparency, our exclusive tools and solutions will provide Korean financial institutions a great chance to bring incremental revenue to their businesses."
Private-label, recently launched by Interbank FX, is a version of the proven MetaTrader4 (MT4) online FX trading platform, and allows its partners to use their own brand name. Utilizing the state-
of-the-art technology, private-label partners can increase revenue stream by quickly adding FX trading service to their portfolio of financial services.
About Interbank FX
Headquartered in Salt Lake City, UT, Interbank FX, LLC 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, Interbank FX 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.
Interbank FX 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.