Salt Lake City, February 8, 2008 – Interbank FX (www.ibfx.com), a leading provider of online foreign currency (forex) trading, reveals its unique multi-bank order routing system, which provides access to liquidity and automatically executes trades with five of the world's largest financial institutions, including Bank of America, Citigroup and Goldman Sachs.
"By obtaining competitive bids for order flow on our proprietary multi-bank feed, IBFX customers achieve optimal pricing and execution, faster processing times and increased liquidity on every trade, with just one click of the mouse," said company president and CEO Todd Crosland.
The advantages of trading with agency-based IBFX include:
- Competitive spreads - spreads are not fixed and may widen in volatile market conditions
- 100% automatic execution
- No market manipulation
- Competitive pricing derived from leading money center banks
- Anonymous order execution
- Smart routing to leading banks
IBFX's unique platform enables both retail and institutional customers alike to trade forex without hidden obstacles or potential conflicts of interest. Because IBFX currency prices are derived from its financial institution liquidity providers, its price feed most accurately reflects the natural movements of the interbank FX market. In addition, IBFX trading profits are generated exclusively on its markup to institutional prices.
IBFX is the only forex trading platform where company interests are squarely aligned with those of its customers. "Our long-term success is closely tied to the success of our customers," said Crosland. "I invite traders to put the ‘IBFX difference' to the test and find out what separates us from the rest of the pack."
Interbank FX's multi-bank liquidity feed is available on both live and demo accounts at www.ibfx.com
Interbank FX was recently honored by Shares Magazine as the #1 Foreign Exchange Broker for 2007.
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.