Interbank FX (IBFX), an online Futures Commission Merchant (FCM), today announced it has been named Best Foreign Exchange Broker at Shares magazine's 2007 Shares Awards. The winners were announced Thursday, Nov. 29, 2007, at a gala dinner at the Grosvenor House Hotel in London.
"We are indeed grateful to the readers of Shares for recognizing us in this capacity," said company president and CEO Todd Crosland. "This prestigious award mirrors our firm dedication to providing the highest level of technology and customer service to our clients, and illustrates the enduring high regard of IBFX's services among traders throughout the world."
Readers of Shares magazine "” the fastest growing financial title in the UK "” nominated their favorite providers in a variety of areas, including stocks, derivatives, online research and information, software, and fund management. IBFX competed against quality contenders CMC Markets, FXCM, GFT Global Markets, Hargreaves Lansdowne and Saxo Bank in its bid to earn top honors at the annual event.
"We believe that our long-term success is closely tied to the success of our customers," said Crosland. "Our commitment to excellence is by no means static. We strive to exceed our customers' expectations by continually adding new technological features and dynamic trading tools. We look forward to being a strong contender for the 2008 awards."
Being honored by Shares as the Best Foreign Exchange Broker is the crowning achievement of a year already marked by several milestones for IBFX. Some of the 2007 highlights include:
- Todd B. Crosland, 2007 Ernst & Young Entrepreneur of the Year winner
- Utah Best of State award winner 2007 (Financial Services)
- Utah Valley Entrepreneurial Forum (UVEF) Winner - Top growth company in Utah under 5 years old
- $40 million minority investment from private equity firm Spectrum Equity
- Monthly trading volume in excess of $70 billion
- Current net capital in excess of $30 million (November 30, 2007)
- Unveiling of industry first Platinum reward Interbank FX credit & debit card program
- Introduction of several pioneering customer trading tools, including popular IBFX-PRS"”"Pattern Recognition System"
About Shares
Since its launch in 1999, Shares magazine has been the fastest growing financial title in the UK. Its achievements have been recognized by three major industry awards "” the Association of Circulation Executives' prize for the best launch of the year in the newstrade, the Periodical Publishers Association title for the most successful subscription launch, and the ProShare award for favorite information product among investment club members. Comment and expert analysis from Shares journalists is now available on a daily basis on MoneyAM, a financial Web site aimed at active private investors.
About IBFX
IBFX (www.interbankfx.com) is a Futures Commission Merchant (FCM), registered with the Commodity Futures Trading Commission and a member of the National Futures Association (NFA). IBFX has more than 20,000 customer accounts in over 135 countries and offers individual traders, fund managers and institutional customers proprietary technology and a revolutionary approach to foreign exchange trading. IBFX customers execute directly from a streaming quote feed, not from a dealing desk that trades against its customers, and also offers one of the only automated trading platforms in the world. Customers can program their own algorithms that will automatically enter and exit trades based on their trading strategy. IBFX Wireless provides customers the flexibility to monitor, modify, execute trades and receive alerts anywhere in the world. Through IBFX's partnership with leading worldwide institutions, traders have access to liquidity from 1,000 to 10,000,000 of the base currency with one click execution. Customers can trade micro, mini and standard lots. IBFX is committed to maintaining a high standard of service that enables customers to focus on trading opportunities in the Forex market while limiting their margin and liquidity risks. Trading in the off-exchange retail foreign currency market is one of the riskiest forms of investing and should only be attempted by experienced traders.