SYDNEY, AUSTRALIA—25 October, 2010— IBFX Holdings LLC, parent company of leading U.S. forex broker IBFX LLC, celebrates today the launch of its Australian subsidiary office, IBFX Australia Pty Ltd. Licensed with the Australian Securities and Investments Commission (ASIC), IBFX Australia offers comprehensive services for retail and institutional customers and will accommodate the expanding forex operations for the Pacific Rim.
“I am thrilled to launch our presence in Australia, furthering our global expansion,” said Alex Douglas, General Manager for IBFX Australia. “The Australian forex market continues to grow, with the Australian dollar increasing its share of all foreign exchange transactions to 7.6% over the last three years and remaining one of the 10 most actively traded currencies.* We look forward to delivering our world class technology solutions and exemplary customer services to meet the needs of traders in this growing market.”
Located in the heart of downtown Sydney, IBFX Australia plans to follow in the footsteps of its sister company, providing transaction transparency and improving industry standards for foreign exchange.
“We bring with us to Australia our transparent business model and focus on customer care, something we feel sets us apart from competitors,” said Todd Crosland, chairman and president of IBFX LLC. “We’re here to provide the best possible trading experience for our customers. That’s how we want to do business. That’s our culture. That’s our technology.”
IBFX Australia executives will host a night with IBFX on October 29 at the Watershed Hotel, Darling Harbour, inviting customers, potential customers and media a glimpse into IBFX Australia offerings. In addition, IBFX Australia will be participating in this year’s Trading & Investing Expo held at the Sydney Convention & Exhibition Centre, October 29-30.
For more information about IBFX Australia Pty Ltd, please visit www.ibfx.com.au.
*BIS Triennial Central Bank Survey of Foreign Exchange and OTC Derivatives Market Activity in April 2010 - Preliminary global results (1 September 2010)
About IBFX Australia Pty Ltd
Headquartered in the heart of Sydney Australia, IBFX Australia is proud part of the IBFX group of companies which is owned by IBFX Holdings LLC and includes: IBFX LLC, IBFX UK Ltd and IBFX Australia Pty Ltd.
The IBFX group of companies provides online forex trading services, offering individual traders, money managers and institutional customer’s proprietary technology, tools and education to trade spot foreign currency online. IBFX Australia distinguishes itself among industry leaders with its unique multi bank liquidity feed, proprietary tools and services, and remarkable focus on customer care.
Trading in the off-exchange retail foreign currency market is one of the riskiest forms of investment available. Full risk disclaimer can be found here: https://www.ibfx.com.au/Legal/Risk-Warning.