Interbank FX, a leading provider of online foreign currency (Forex) trading, today announced that global financial services firm Lehman Brothers has become the newest dealer participant in IBFX's proprietary multiple bank liquidity pool.
Lehman Brothers joins IBFX's other liquidity partners, which now consist of six of the world's largest financial institutions, including Bank of America, Citigroup and Goldman Sachs among others.
IBFX was drawn to Lehman Brothers because of its solid reputation of being a leading dealer in the Forex markets. Through its offices in New York, London and Tokyo, Lehman offers 24-hour dealing services and operational support in Forex cash and derivative products in all major currencies and emerging markets in Latin America, Eastern Europe, Africa, the Middle East and Southeast Asia.
Todd Crosland, president and CEO of IBFX, commented, "We are delighted with the addition of Lehman Brothers as our newest liquidity provider. This is a company whose quantitative Forex research consistently receives top industry ratings and who is recognized as a global market leader. Adding this highly regarded industry player to our electronic platform will strengthen and deepen the liquidity pool available to our customers and reinforce our position as a leading provider of global Forex trading."
Lehman Brothers' price stream is available now on IBFX's unique platform, which 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 Forex market.
The advantages of trading with agency-based IBFX 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
IBFX's multi-bank liquidity feed is available on both live and demo accounts
Twitter
Daily newsletter