Interbank FX Releases January Performance Metrics
Average Execution Time of 7 Milliseconds Demonstrates Faster, More Accurate FX Trading
Advances commitment to transparency by allowing performance numbers to speak for themselves
SALT LAKE CITY, Feb. 9, 2011 /PRNewswire/ -- Interbank FX LLC, one of the industry's leading global providers of online forex trading, continues to provide customers with transparency metrics in 2011, further signifying a commitment to providing the best trading experience for customers and partners.
Execution success data is rarely made public in the forex industry, yet IBFX's performance statistics for January 2011 unveil that execution rates have averaged 99.9%—with an overall rejection rate of 0.1%.
"IBFX is an open book via our performance page," said Todd Crosland, chairman and president of Interbank FX. "We feel confident that our technology surpasses our competition, which is why we open up the hood of our engine. With IBFX, weekly rejection rates are displayed frequently so traders can objectively analyze the rejection rates and determine their best outcome."
Interbank FX's Transparency Metrics—January 2011 (source; ibfx.com/performance)
Number of January Tickets: 7,135,859 |
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Overall Rejection Rate: 0.1% |
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5-50 Lot Rejection Rate: 0.3% |
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Average Execution Time: 7.16 milliseconds |
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* Date range of data comprised from 1/1/11 through 1/31/11.
"Our performance page demonstrates the agility and speed of our Core infrastructure—technology in which we've invested millions of dollars in to deliver a streamlined trading experience," said Crosland. "Our customer's deserve to know how their trade is executed, which is why we provide information on all major pairs over any period of time—allowing customers to always be aware of a trade's execution rate, trade speed and the average spread (price) for each currency pair."
About IBFX Holdings LLC
Headquartered in Salt Lake City, UT, USA, IBFX Holdings LLC is the parent of the Interbank FX group of companies; including Interbank FX LLC, Interbank FX UK Ltd. and IBFX Australia Pty Ltd.
Interbank FX LLC is a provider of online forex trading services, offering individual traders, money managers and institutional customer's proprietary technology, tools and education to trade spot foreign currency online. Interbank FX LLC has distinguished itself among industry leaders with its unique multi bank liquidity feed, proprietary tools and services, and remarkable focus on customer care. Serving more than 40,000 clients from more than 140 countries around the world, Interbank FX LLC is regulated as a member of the National Futures Association and the Commodity Futures Trading Commission as a Registered Foreign Exchange Dealer (RFED).
Forex trading 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. Read the full risk disclaimer and privacy policy on trading at www.ibfx.com.
Learn currency trading with a free forex trading account at Interbank FX.
SOURCE Interbank FX LLC
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