IFX Ltd, the London-based financial market maker, announces a major upgrade to IFX Direct, the innovative online FX trading platform, now offering instant trading in both spot FX and EFP currency futures (EFPs).
The upgrade builds on a tried and tested platform and enables customers to trade quickly and transparently, and to benefit from Over the Counter liquidity through an automated and robust online system.
IFX Direct is aimed at institutional and professional traders, hedge funds, commodity trading advisers (CTAs) and experienced private investors. It enables them to buy and sell currencies and currency-based derivatives in real time, online, with live, instantly tradable prices, 24 hours a day. IFX Direct is supported by the Company’s 24-hour back office and call centre, offering toll-free lines from many countries, immediate settlement and online statements.
The switch to a completely automatic platform enables IFX Direct customers to trade with full transparency in large amounts – up to Euro 25 million -on-screen and without telephoning a trading site.
IFX Direct keeps traders up to date with an on-screen news service and technical analysis while the graphics package offers many technical analysis options.
IFX Limited is a member of the London Stock Exchange (LSE), is regulated by the Financial Services Authority (FSA) in the UK, and is the primary subsidiary of Zetters Group plc, listed on the LSE since 1965.
Graham Wellesley, chief executive of IFX said: “Foreign Exchange trading is our core business, and IFX Direct represents the future for IFX and our customers. The integration of EFPs into our existing platform, already a leader in spot FX trading, underlines our commitment to provide our customers with the best possible trading technology.”
Peter Romilly, IFX’s Head of Foreign Exchange, said: “IFX Direct gives clients instant live access to Spot FX and EFPs 24 hours a day, in meaningful amounts at the click of a mouse, or you can ask for whatever size you need. It takes resting orders, take profits, stops, OCOs, if dones -it’s brilliant!”
Steve Pryor, IFX’s Head of Foreign Exchange Sales, said: “We give our clients a fully automated dealing system for instant dealing up to Euro 25 million. Our Autodeal facility also means it is impossible for us to ‘read’ clients, so they get a fully transparent price. Visible Liquidity.”