Bangkok--13 Sep--veropr
By Peg Reed, Managing Director, Global Partnerships, Interbank FX
Bankers, money managers and securities firms in Southeast Asia have a unique opportunity to grow revenue and better serve clients and investors with new online off-exchange retail foreign currency (forex) trading technologies.
There are now new private label versions of proprietary Forex trading platforms available to the financial services industry in Southeast Asia. These platforms are customizable, scalable, and can be branded to suit the needs of individual companies.
On September 14-16, we will be in Thailand to share our strategies for helping bankers and financial pros maximize their opportunities in the Forex market.
With competition in the financial services industry now tougher than ever, professionals and investors should consider the potential benefits of getting into the Forex market with a proven partner. However, as with any investment, there is the possibility that you could sustain a substantial loss of funds and therefore you should not invest money that you cannot afford to lose.
The off-exchange retail foreign currency market, in conjunction with the interbank market, is one of the largest financial markets in the world. However, the retail sector is only a small portion of the overall forex market."
Unlike trading on the stock market, the Forex market is not conducted by a central exchange. The Forex market is thought of as an OTC (over the counter) market. Trading takes place directly between the two counterparts necessary to make a trade, whether over the telephone or on electronic networks all over the world. The main centres for trading are Sydney, Tokyo, London, Frankfurt and New York. This worldwide distribution of trading centres means that the Forex market is a 24-hour market.
Recently, our firm has seen increased interest in Forex among banks, investors and individuals in developing Asia.
In Southeast Asia, despite the fact that Forex is new, it has drawn a lot attention from investors.
Our firm, Interbank FX, LLC (IBFX) is a worldwide provider of online off exchange retail Forex trading services, offering individual traders, fund managers and institutional customers proprietary technology and tools to trade Forex online.
Interbank FX has distinguished itself as an industry leader with its unique Multibank Liquidity Feed, proprietary Forex trading tools and services and focus on customer care. This has led to long term and profitable relationships and has also manifested itself in the numerous awards and industry accolades that Interbank FX has compiled.
Currently, we are working to grow the presence of Interbank FX in Asia. We recently launched a successful operation in Korea and now plan to conduct outreach to Vietnam, Thailand and Cambodia.
In all my years in this business, never has Forex trading been more of a global industry. Through improved technology and greater financial awareness around the world, the benefits of trading Forex is now appreciated worldwide, with interest only growing.
To all the bankers, money managers, financial professionals and investors in Southeast Asia—we welcome your insights and look forward to your partnership.
(Peg Reed will be in Vietnam, Thailand and Cambodia discussing possible Forex partnerships. She is hosting a reception for bankers and financial professionals. For information about the reception, please call + (84) 8 6291 0462 in Vietnam, +(66) 2 684 1551 in Thailand and +(855) 01 2443 398 in Cambodia.)
About Interbank FX
Headquartered in Salt Lake City, Utah, USA, Interbank FX, LLC is a provider of online Forex trading services, offering individual traders, money managers and institutional customers proprietary technology, tools and education to trade spot foreign currency online. http://www.ibfx.com http://www.ibfx.com/partners/privatelabel/default.aspx
Interbank FX serves more than 35,000 clients from more than 140 countries around the world and has supported a trading volume in excess of US$80 billion in a single month. The company is regulated as a member of 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. With all major news releases, there is the possibility of significant price volatility. Interbank FX is not liable for any loss or damage, including without limitation any loss of profit, which may arise from the use of Dow Jones FX Select or reliance on such information. For more information about Interbank FX, please visit the company's Web site at http://www.ibfx.com.