Interbank FX Provides Access to Multiple Bank Liquidity Partners

Interbank FX (www.ibfx.com), a leading provider of online foreign currency (forex) trading, reveals its unique multi-bank order routing system, which provides access to liquidity and automatically executes trades with several of the world’s largest financial institutions, including Bank of America, Citigroup, and Goldman Sachs.

“By obtaining competitive bids for order flow on our proprietary multi-bank feed, IBFX customers achieve optimal pricing and execution, faster processing times and increased liquidity on every trade, with just one click of the mouse,” said company president and CEO Todd Crosland.

The advantages of trading with agency-based Interbank FX as compared to a single market maker platform, or ‘Dealing Desk’ include:

·Tighter spreads (as low as two pips)
·100% automatic execution
·No market manipulation
· Competitive pricing derived from leading money center banks
· Anonymous order execution
· Smart routing to leading banks

Interbank FX’s unique platform enables both retail and institutional customers alike to trade forex without the hidden obstacles or potential conflicts of interest of a dealing desk broker. Because IBFX currency prices are derived from its financial institution liquidity providers, its price feed most accurately reflects the natural movements of the interbank FX market. In addition, Interbank FX trading profits are generated exclusively on its markup to institutional prices, and never from a dealing desk trading against customer positions.

IBFX is the only forex trading platform where company interests are squarely aligned with those of its customers. “Our long-term success is directly tied to the success of our customers,” said Crosland. “I invite traders to put the ‘IBFX difference’ to the test and find out what separates us from the rest of the pack."

Interbank FX’s multi-bank liquidity feed is available on both live and demo accounts at www.ibfx.com.

Interbank FX was recently honored by Shares Magazine as the #1 Foreign Exchange Broker for 2007.

Unique?? Isn't it just MT4?

The price feed isn't MT4... essentially it is 5 different banks publishing their price into the feed.. what displays in your platform may be a bid based on Bank #1 and an offer based on Bank #3.

But you are right.. the platform that the user executes from is still MT4.

M

Is this the Marilyn from IBFX? if so this could get fun. So, if it is a feed from bank #1 and #3 how do we know we are getting the best price.....or are we? If that is the case there should be NO reason in the extreme floating spread. Please explain.

Marilyn while your here, could you explain why IBFX had such dramatic decrees in caps for December? Source http://www.forexfactory.com/showpost...&postcount=639

Seems like Marilyn opened a can of worms.

....and while you're at it, please explain what happened this morning, it appears you are stop hunting customers....(see post #53478 on the big Cable Update thread)


Here's a copy of the trader's chart, which did not match any other broker's feed at the time....

I seem to think we won't hear back from her.

I was also watching this live on IBFX. The spread shot up to 40+ pips and then quickly went back to to 8 pips.

Ever since IBFX lost their main liquidity provider, I have noticed more and more stuff like this going on. What ever LPs they are using now really suck and I hope they change soon to avoid issues like this.

If you read above, they say that they are using 5 banks.
Still, They are plagued with the same issues of spread widening. Yesterday during retail sales announcement the spread on cable was over 30 pips may be 40 pips. Here's to their claim of STP. If it's not stop hunting, what is it?

and you beleive them? LOL

LoL. and marilyn won't be back. lol

Pffft - whatever bmw.. I am here.. I have a life though.. so I can only check in once or twice a day. But I am not hiding and I will check back..

**** Having said that.. I am going to NY for the Traders Expo. I will be back on Wednesday the 20th. I will most likely not be checking in.. so if I don't answer it doesn't mean I am hiding or frightened. lol. However, if you are in NY feel free to swing by and say hello - we will be on the 5th floor of the expo. ****

Ok.. this is Marilyn from IBFX. Busted on my second post on this board.

As far as I can discern there are two questions I will research in this post:

#1 - decrease in capital
and #2 - the GPBUSD spreads and chart this morning..

Did I get that right??

#1 - I don't think we had a decrease in Net Cap.. we are at about 23m now... but that report that you guys were looking at.. isn't that Dec?? and I think that is about right.. I can look further if you like. Let me know.

#2 - no idea.. let me ask someone that was here and can figure it out..

Back again shortly..

M

You still didn't answer my question.

Sorry bmw.. missed that one..

Actually.. what could potentially happen is this..

Sometimes the larger banks will actually halt trading just before a news announcement.. so they won't be publishing a price and they won't accept any orders. That reduces the amount of liquidity providers in the feed.. and if that happens a number of times then the spreads have the potential of widening substantially... particularly if there are only one or two banks left that don't really want to trade so they publish a large spread.

I don't know if this did happen.. I have someone looking for me.. I am just speculating..

(should I tell you that we are a vw family??? we can still be friends.. )

marilyn, thanks for checking but i don't buy that. ECN's tend not to "freeze" trading during news time.

Have two answers..

Regarding the Net Cap... I was mistaken.. here is the info:

Interbank FX. , had at January 31, 2008, over $37,000,000 in Stock Holders Equity and currently has net capital of over $23,000,000. No customer funds are held at FXLQ. Interbank FX does have a receivable from FXLQ that we fully intend on collecting. Until that receivable is collected, we have classified this as a long term asset and therefore not counted as current assets in the net capital calculation.

This means.. the money that was held at FXLQ was calcuated in the net cap until the issues that they are having.. now it is classified as a long term asset.. so it isn't included in the Net Cap calculations..

Answer #2 - We are not talking ECN's we are talking banks providing retail liquidity feeds..

and here is what I got back

We (IBFX) have no control of the bids and offers that come through, especially during news. We researched the 82 pip-spread tick on the GBPUSD at 13:30 GMT yesterday, 02-13, and all but one of our liquidity providers canceled their quotes. The one that didn't who offered an 82 pip spread at that moment. This is the first time we have seen this.. and we are working on ensuring that it doesn't happen again. Clients are not used to seeing what happens with live feeds, and will probably perceive it as manipulation, stop hunting, etc. unless we can educate them on it, or protect them from it.



So... that is the deal. It is an issue.. however, it isn't manipulation. It was the first time we have seen it.. and we are reacting to hopefully ensure it doesn't happen again.



Will be around off and on for the remainder of the day.. however if you guys have issues please contact customer support cause I am going to be MIA for the next 5 or 6 days.



M

Thanks M.

IBFX traders get your fingers ready to cancel orders before news time. I would hate to see that 82 pips spread trigger a pending order or cause a margin call. OUCH!

Well.. Let's see what we can do about that.. we are actively working to make sure that issue is eliminated in the v. near future.. and we didn't even see it on the last Non-Farm.. this multi bank system has been running live since Nov(ish).. just not announced so we could work the kinks out..

I agree.. be aware.. but don't freak.

BTW - how are ya Frank! it is nice to be lurking around on forums again.. I miss the interaction..

Its nice to have you back!

I only started to notice the IBFX differences over the past 2-3 weeks so I think something happend around that time.

I also notice a lot of "Off Quotes" errors which I have never seen in my many years as an IBFX customer (usually you just get requotes). Seems like a lot of changes going on over there...