Salt Lake City, November 17, 2009 — Interbank FX (www.interbankfx.com), a leading off-exchange retail foreign currency (Forex/FX) broker has implemented new multi-bank liquidity pricing with major currency pairs as low as one pip.
"At Interbank FX, we obtain competitive bids for order flow on our multi-bank feed, allowing our customers to achieve optimal pricing and execution, faster processing times and increased liquidity on every trade," said Todd Crosland, Chairman and President of Interbank FX. "We've lowered our spreads with an average spread below 2.0, offering our customer base optimum pricing to facilitate their trades."
"As low as" spreads include:
Based on all trading data from 11/5/09-11/11/09
| PAIR | CURRENT AVERAGE SPREAD | NEW "AS LOW AS" SPREAD" |
| GBP/JPY | 7 | 3 |
| EUR/JPY | 4 | 2 |
| EUR/USD | 2 | 1 |
| USD/JPY | 3 | 1 |
| USD/CHF | 4 | 1 |
| GBP/USD | 4 | 2 |
| AUD/USD | 5 | 2 |
| USD/CAD | 5 | 2 |
| GBP/CHF | 7 | 4 |
Spreads are not fixed and will fluctuate during periods of market volatility or low liquidity.
Interbank FX currency prices are derived real-time from multiple price feeds from many of the world's largest financial institutions resulting in pricing that reflects the natural movements of the interbank FX market. However, our multi-bank liquidity is just one advantage of trading with Interbank FX. Others include:
- No market manipulation
- Anonymous order execution
- Free Streaming Dow Jones News
"Interbank FX strives to uphold the upmost integrity and transparency for our customers," said Crosland. "We look forward to continuing to raise the bar for 2009 and beyond and invite our customers to test-drive our enhanced multi-bank pricing for themselves."
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 Registered Foreign Exchange Dealer (RFED). 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