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SFG Financial buys forex ECN developer XLFX

23 July 2007  |  1824 views  |  0 Source: SFG Financial Corporation

SFG Financial Corporation ("SFGC"), whose trading symbol is SFGC.PK (Pink Sheets:SFGC), announced the completion of its acquisition of XLFX, Inc., a company engaged in the development of an electronic trading platform, or "ECN Platform," designed to create a more efficient and accurate platform for foreign currency trading worldwide.

The XLFX ECN Platform is designed to give every market participant, large or small, an opportunity to offer their own prices to the world foreign exchange market and affords all participants equal, real time, non-discriminatory access to the prices of others through real time streaming prices. The XLFX ECN will allow banks, Institutional trading firms, Hedge funds, Brokerage firms and Retail Day Traders to anonymously place and execute their orders in a multitude of foreign currency cross trading markets at the best bid/best asked posted on the system. In this respect, the trading platform will offer truly unbiased trades reflecting the best all-in cost per trade.

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