iFinix Corp (Other OTC:INIX.PK), a provider of real-time financial information and services to active traders and to the securities industry, is pleased to announce that through its wholly owned subsidiary, ProActive Futures, the company has entered into a Joint Venture agreement with Island Forex Trading.
Island Forex Trading, a Commodities Trading Advisor, specializes in trading the fast-growing online foreign currency market. Island provides free in-depth training to all of its traders on a daily basis, and will offer the same service to proactive traders as well.
To date, Proactive has focused its efforts primarily on the Commodities and Futures markets. With Island's infrastructure and trading technology in place, ProActive will now be able to move aggressively into the burgeoning Forex trading market, which accounts for over 3 trillion dollars in daily volume, compared to NYSE volume of 2 billion dollars.
Nicholas Piazza, Island Forex President, stated, "I'm excited about moving forward with ProActive. This partnership allows us to cross market our products to each other's clients, which, I believe is only the tip of the iceberg in terms of the synergy between these two companies."
"In light of the recent migration of investors seeking 'alternative markets' such as commodities and foreign currency, we believe that this is the perfect time to accelerate our business plan," added iFinix CEO Benhope Munroe. "Partnering with an established Forex firm with proven capability will allow us to fast-track the development of our company and enhance our shareholder value."