Off-exchange retail foreign currency (Forex) broker Interbank FX (IBFX) announced today that it is partnering with Dow Jones to offer its customers high-quality real-time global news and information in four different languages via Dow Jones Newswire's new FX Select service.
The news feed, which will be available to live account holders, will be delivered directly to the customer's trade terminal upon logging on to the IBFX MetaTrader platform.
"Trading in the Forex market is risky and it is important for our customers to be well informed about market relevant events as they occur across the globe," said Todd Crosland, CEO and President of IBFX. "Through our partnership with Dow Jones, our customers will have timely access to the most significant global news to assist them in their fundamental analysis."
With Dow Jones FX Select, investors will have access to Dow Jones premium content, delivered in real time versus near time, allowing them to react faster to significant announcements and market events, along with exclusive insights from Dow Jones Economic Indicators, Dow Jones Forex Columns and Dow Jones Market Talk rolling commentary.
"The distribution agreement with Interbank FX highlights our commitment to provide global investors with local-language financial services and strengthens our presence in emerging markets, especially the Middle East, China and Russia," said Richard Hanks, Senior Vice President and Chief Commercial Officer, Dow Jones Enterprise Media Group. "Now, investors in 140 countries using the IBFX platform will be able to react faster with exclusive market intelligence and real-time information. And since IBFX is the first client for our new Forex service in Arabic, it represents a significant step forward for our international brand strategy."
IBFX has contracted for FX Select, DN Forex News in Arabic, DJ Chinese Forex Service, and DJ Forex Russian Service. FX Select will be rolled out in English on the IBFX platform in early February, with other languages to be integrated in 1st Q 2009.
"We strive to provide the best possible trading experience for our customers," said Crosland. "Partnering with Dow Jones is yet another example of how we continue to do just that."
Dow Jones FX Select will be available to all IBFX live account holders at no charge. Demo account holders will have access to a subset of incoming news.