Salt Lake City, October 26, 2009 — Interbank FX (www.ibfx.com), a worldwide provider of online off-exchange retail foreign currency (Forex/FX) trading services, was honored as the fifth fastest growing company in Utah in 2009 by Mountain West Capital Network (MWCN) during the 15th Annual Utah 100 awards on Friday, October 23. This is the fourth year Interbank FX has been recognized by the MountainWest Capital Network, an annual program recognizing the 100 fastest growing Utah companies, the 15 Top Revenue Growth companies, and 12 Emerging Elite companies.
This acknowledgement arrived on the heels of an elite Inc. 500 recognition, where Interbank FX was named 2009's eighth fastest growing company within the financial services sector, 208th overall.
"Securing a top spot in the annual Utah 100 awards for the second consecutive year is a testament of our hardworking team, without whom none of this would be possible," said Todd Crosland, Chairman and President of Interbank FX. "We are committed to expanding our trading services and tools—continuing our momentum as we span the globe. We thank The MountainWest Capital Network for recognizing our efforts."
The 100 fastest growing companies in Utah are selected from thousands of eligible applicants throughout the state and represent a cross-section from all industries including those in information technology, biomedical, biotechnical, healthcare, retail, construction, financial services and others. The winners are determined by the percentage of revenue increase from 2004 through 2008.
Throughout 2009, Interbank FX's strong commitment to customers has allowed continued achievement.
"We are pleased to recognize interbank FX at the Utah 100 for the fourth time -- twice as an Emerging Elite Company and twice in the Top 5," said Lex Watterson, President of MountainWest Capital Network. "Not only is Interbank FX a top Utah company, they are tops in their field internationally, having been recognized in 2009 alone by Inc. 500, The American Business Awards and The Money AM Online Finance Awards as a top retail Forex broker. Todd Crosland is able to be successful in a variety of areas because he builds great teams. I know some of Todd's employees personally, and they speak in glowing terms about working at Interbank FX. A great company, a great leader, a giving philanthropist. We are pleased to honor Todd and Interbank FX."
About MountainWest Capital Network
Founded in Salt Lake City in 1983, the mission of the MountainWest Capital Network – the real Deal Network – is to support entrepreneurial success and enable business growth by fostering the dynamic flow of information about capital formation and distribution, educating and mentoring excellence, recognizing and rewarding business success and performance, and fostering synergistic relationships through networking. MWCN has provided the Deal Flow Report since 1995 and has recognized the Entrepreneur of the Year for over 20 years.
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. 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. Interbank FX 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.
Media Contact:
Abigail DeGraff
Interbank FX Public Relations
801.930.6833
Abigail.DeGraff@ibfx.com