Hi everyone. Looks like IBFX is up to something yet again. They’ve added another bank to their liquidity partners list. Checkout this press release:
Interbank FX (www.IBFX.com), a leading provider of online off-exchange retail foreign currency (Forex/FX) trading, today announced that J.P. Morgan Securities Inc. has become the newest dealer participant in IBFX’s unique multibank liquidity feed, bringing the total number of contributing major money center banks to seven. This proprietary order routing system provides IBFX customers unparalleled access to liquidity and automatically executes trades with a collection of the world’s largest financial institutions, including Bank of America, Citigroup and Goldman Sachs, among others.
J.P. Morgan proved particularly appealing to IBFX because of its strong reputation as a market leader in the global foreign exchange markets. According to the company’s website, the firm is a market maker in 200 currency pairs in spot, outright forwards, NDFs, option contracts, cross-currency swaps and exotic currencies.
“J.P. Morgan is a major player in the FX realm and we’re thrilled to welcome them as our newest liquidity provider,” said IBFX Chairman and President Todd Crosland. “We strongly believe that the firm’s vast expertise in currency products as well as their ability to provide fast, competitive and consistent pricing will greatly enhance our customer’s trading experience, as well as grant them even greater access to increased liquidity and world-class trading technology.”
J.P. Morgan’s price stream is available now on IBFX’s trading platform, which enables both retail and institutional customers to trade Forex without the hidden obstacles or potential conflicts of interest of a dealing desk broker.
The advantages of trading with agency-based IBFX as compared to a single market maker platform, or “Dealing Desk,” include:
- Competitive spreads
- Transparent pricing from major money center banks
- Anonymous order execution
- Smart routing to leading financial institutions
To learn more about IBFX’s multibank liquidity feed or to open a free unlimited Forex practice account, visit www.IBFX.com.
IBFX was recently named Best Online FX Provider at the MoneyAM 2008 Online Finance Awards and placed 46th in Inc. magazine’s Inc. 500—an annual ranking of the fastest growing privately held companies in the United States.
Headquartered in Salt Lake City, UT, Interbank FX, LLC (IBFX.com) is a leading provider of online foreign exchange 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 unique “no dealing desk” agency model, 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 29,000 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 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.