IBFX was acquired by Tradestation in November 2011 while TradeStation itself was acquired by Monex Group in June 2011. TradeStation launched its own forex unit TradeStation Forex in April 2011. Now we see all this consolidation shaping up:
- Gary Weiss, President of TradeStation Forex, became the President of IBFX
- All forex business (IBFX and TradeStation Forex) is being consolidated under the IBFX brand
- IBFX will offer TradeStation’s platform to its clients
- IBFX launches a new institutional platform called TradeStation ifx
Dear Valued Customer,
I’d like to update you on some of the exciting things that are happening at IBFX, and how they may impact your trading experience.
As you’re probably aware, TradeStation Group acquired the IBFX Group in November, 2011. This was preceded by the acquisition of TradeStation by the Monex Group in June, 2011.
The goal of these acquisitions is to help realize Monex Group’s vision of becoming a truly global financial services firm. This includes consolidating its multiple forex operations into one group, providing better trading resources and products for our traders. Going forward, IBFX will be the global forex brand for the Monex Group.
We’re happy to announce today that we are now able to offer the award winning TradeStation platform to IBFX customers. In addition, we are launching TradeStation ifx, offering immense liquidity and great spreads for our institutional customers.
Monex Group has a market capitalization of over $500 million USD, representing significant financial stability. With backing from Monex, IBFX is more capable than ever before to focus on what matters most: your trades.
Thank you again for your business,
Gary Weiss
President, IBFX
Thanks for the post Michael. We’re excited to grow IBFX!