Interbank FX adds yet another award to a growing list of global accolades
Salt Lake City, February 6, 2009 — Interbank FX (IBFX), a global off-exchange retail foreign currency (Forex) brokerage, announced today that the editors of Global Finance magazine have selected the company as Best Foreign Exchange Provider in the Retail Online FX Trading System category. The announcement was made in an exclusive survey on the World's Best Foreign Exchange Banks published in the January 2009 issue of the magazine.
"IBFX is very proud to have been recognized by Global Finance as Best Retail Trading System," said Todd Crosland, Chairman and President of IBFX. "We are dedicated to providing our customers with the best technology and trading experience possible and this award is a testament to our success in achieving that goal."
This award is the latest in a long succession of global accolades for IBFX. Last month, the company was named winner of the 2009 Utah Business Digital iQ Awards in the Online category and was a semi-finalist in the Forex Brokerage category in the 2009 Stocks & Commodities Readers Choice Awards. The company was also recently honored as the Best Foreign Exchange Broker by Shares magazine for the second consecutive year and was named to Inc. magazine's renowned Inc. 500, an annual ranking of the fastest growing privately held companies in the United States.
"The global foreign exchange market has continued to thrive throughout the financial crisis. Average daily turnover has surpassed $3 trillion in the world's biggest market. We have identified the banks that large global companies can rely on for the FX needs," said Joseph D. Giarraputo, publisher and president of Global Finance.
According to the publication, criteria for choosing the award winners included transaction volume, market share, scope of global coverage, customer service, competitive pricing and innovative technologies. Editors also based their selections on input from industry analysts, technology experts and corporate executives.
A special award ceremony honoring the Global Finance 2009 Best Foreign Exchange Banks and Providers will be held in Istanbul during the annual IMF and World Bank meetings in early October.
About Global Finance
Global Finance, which celebrates its 22nd year of publishing in 2009, has 50,000 subscribers and more than 180,000 readers in over 158 countries. This audience includes chairmen, presidents, CEOs, CFOs, treasurers, and other financial officers responsible for making investments and strategic business decisions for large global companies and financial institutions.
About Interbank FX
Headquartered in Salt Lake City, UT, Interbank FX, LLC (IBFX) is a leading 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 as an industry leader with its 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 30,000 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.