Pexton one of three Private Medium company champions acknowledged in June 2009 issue of Utah Business Magazine
Salt Lake City, June 23, 2009 — In a time of struggling national and local economies, today's CFOs play an increasingly vital role in securing a corporation's future. In a recent ceremony, Utah Business Magazine acknowledged 16 CFOs who have not only accepted that challenge but have gone beyond to ensure their company's short-term and long-term success. At the event, Jon Pexton, Interbank FX CFO, has been acknowledged as one of three 2009 CFO of the Year Financial Champions in the category of Private, Medium Company.
Under Pexton's financial leadership, Interbank FX is booming: Last year, the company generated more than $60 million in revenues and doubled its trading revenues.
"I am very appreciative of the chance to fulfill a role for Interbank FX that is both challenging and rewarding," he said upon accepting the award.
Jon Pexton joined Interbank FX in May 2008 with more than 15 years finance and accounting experience, including eight years with a "Big 4" firm and seven years with publicly-traded global companies.
Pexton has performed financial due diligence on more than 35 transactions, and participated in an IPO that raised $80 million.
"We are proud to acknowledge the role Jon has played in making our company rock-solid," said Todd B. Crosland, president & CEO of Interbank FX. "It is critical that our customers have absolute trust in the strength of Interbank FX. We are striving to be the gold standard against which all other brokers are measured. Jon has done an excellent job of helping us to achieve that high goal, particularly during a period of economic uncertainty and extensive company growth."
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.