IBFX Australia Pty Ltd. Acquires Business Licence to Open Doors in Sydney, Australia

IBFX Holdings LLC, parent company of leading U.S. off-exchange retail foreign currency (forex) broker Interbank FX LLC, announced today the opening of its Australian subsidiary, IBFX Australia Pty. IBFX Australia Pty. Ltd. has obtained a license with the Australian Securities and Investments Commission (ASIC) and will offer comprehensive services for retail and institutional customers beginning September 1, 2010.

“I am eager and confident as we launch our Australian offering, furthering our global expansion,” said Todd Crosland, chairman and president of IBFX Holdings LLC. “Our ASIC registration will allow us to continue to deliver world class technology solutions and exemplary customer experience to retail traders worldwide.”

Located in the heart of downtown Sydney, IBFX Australia Pty. Ltd 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 Crosland. “As always, we find it vital to provide the best possible trading experience for our customers. That’s how we want do business. That’s our culture. That’s our technology.”

As the popularity of forex trading rapidly grows around the world, IBFX Holdings LLC recognizes the need for increasing levels of access and technology.

IBFX Holdings LLC, parent company of leading U.S. off-exchange retail foreign currency (forex) broker Interbank FX LLC, announced today the opening of its Australian subsidiary, IBFX Australia Pty. IBFX Australia Pty. Ltd. has obtained a license with the Australian Securities and Investments Commission (ASIC) and will offer comprehensive services for retail and institutional customers beginning September 1, 2010.“I am eager and confident as we launch our Australian offering, furthering our global expansion,” said Todd Crosland, chairman and president of IBFX Holdings LLC. “Our ASIC registration will allow us to continue to deliver world class technology solutions and exemplary customer experience to retail traders worldwide.”

Located in the heart of downtown Sydney, IBFX Australia Pty. Ltd 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 Crosland. “As always, we find it vital to provide the best possible trading experience for our customers. That’s how we want do business. That’s our culture. That’s our technology.”

As the popularity of forex trading rapidly grows around the world, IBFX Holdings LLC recognizes the need for increasing levels of access and technology.

How do stop orders work in MetaTrader?

Buy stop, Sell stop and Stop loss orders do NOT guarantee an order will be filled at a certain price. Your specified price is known as the stop price. Once the stop price is met or exceeded, the order becomes a market order. Market orders instruct the broker to fill the order at the next available market price.

The execution price of a buy stop, sell stop or stop loss can vary from the stop price. This occurs most commonly during significant market moves or gaps. Often these price gaps are the result of economic news releases such as the US non-farm payroll report, and may also occur over a weekend when trading is closed. Keep in mind that in a volatile market substantial losses may occur and orders may not be filled as placed.

Source: IBFX

Global currency trading volume declined 6 percent to just under $100 trillion last year, after setting records in 2007 and 2008, as hedge funds placed fewer trades than in previous years, Greenwich Associates said.

Trading by fund managers fell 23 percent in 2009, leading the declines among the 1,497 corporate and institutional customers surveyed by Greenwich Associates in North America, Europe and Asia, according to the Stamford, Connecticut-based financial-market research company. The drop was partially offset by trading at retail platforms, which grew 16 percent, and by corporations, which rose 10 percent.

“Hedge funds have been a major driver of FX growth for the last several years and when their volume slows down, and it did a lot, the market as a whole feels it,” said Peter D’Amario, a Greenwich Associates consultant in Stamford. “You haven’t seen the opportunities that are generating a need to trade. Reduced volatility has reduced opportunity.”

Foreign-exchange trading volumes dropped as market stability returned in 2009, following the unprecedented volatility of 2008, as financial system turmoil spurred an increase in activity among companies and large financial institutions.

Foreign-exchange volatility, a measure of risk implied by option prices, reached a 19-month low in April, a JP Morgan Chase & Co. index showed, after trading the highest level since at least 1992 in 2008. Options traders expected on April 15 that currencies of the Group of Seven industrialized nations would fluctuate by an annualized 10.47 percent in three months, the lowest since September 2008. It reached as high as 26.55 percent on Oct. 24, 2008.

Source: Bloomberg by Ben Levisohn

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