Interbank FX Introduces Intraday Hedging
Salt Lake City, UT, December 15, 2009 -- Interbank FX (www.interbankfx.com), a leading off-exchange retail foreign currency (Forex/FX (http://www.interbankfx.com/)) broker has recently introduced Intraday hedging to all demo accounts with plans to introduce Intraday Hedging to live accounts before the new year.
Earlier this year, the NFA issued new regulations prohibiting traders from hedging (having long and short positions open on the same currency pair at the same time). These regulatory changes have affected the trading style of many customers, and Interbank FX has found a way for traders to hedge while holding to NFA guidelines. With Intraday Hedging, Interbank FX customers will be able to place both long and short orders in the same currency pair during the course of the day.
Our number one priority at Interbank FX is providing solutions to simplify and improve customers trading," said Todd Crosland, Chairman and President of Interbank FX. We realize the NFAs hedging policy impacted customers trading strategies, because they spoke and we listened. We wanted a solution that would adhere to the NFAs guidelines while catering to our customers."
With our new Intraday Hedging solution in place, those customers trading with swap accounts will be netted out just before approximately 5 pm Eastern Time. For example:
At 10:11:00 Eastern you open a 2 lot long on the EUR/USD at 1.4730 (ticket #1).
At 13:01:01 Eastern you open a 2 lot short on the EUR/USD at 1.4733 (ticket #2).
Just before swap, at approximately 17:00 Eastern, ticket #1 is closed out at 1.4733 and ticket #2 would show 0 lots with an open and close price of 1.4733.
"We continue to take pride in our customer centric business model," Crosland stated. Were already offering Intraday hedging to our demo accounts, and hope to have this option available through our live accounts on December 20."
For more information about Intraday Hedging or questions regarding how this works, please contact the Interbank FX Team:
US and Canada: 866.468.3739
Australia 1.800.884.912
Indonesia 001.803.017.9112
Malaysia 1.800.813.776
New Zealand 0800.445647
Singapore 800.101.2097
United Kingdom 0.808.120.1966
International: +1.801.930.6800
Fax: 212.884.0609
To open a demo or live account with Interbank FX, please visit www.interbankfx.com.
About Interbank FX
Headquartered in Salt Lake City, UT, USA, Interbank FX LLC is a provider of online Forex trading (http://www.interbankfx.com/) services, offering individual traders, money managers and institutional customers proprietary technology, tools and education to trade spot foreign currency online. Interbank FX LLC has distinguished itself among industry leaders with its unique multi bank liquidity feed, proprietary tools and services, and remarkable focus on customer care.
Serving more than 35,000 clients from more than 140 countries around the world, Interbank FX LLC is regulated as a member of the National Futures Association and the Commodity Futures Trading Commission as a Futures Commission Merchant.
Trading in the off-exchange retail foreign currency market is one of the riskiest forms of investment available. Full risk disclaimer can be found here: ttp://www.ibfx.com/disclaimers/riskwarning.aspx?tcd=true.
Media Contact:
Abigail DeGraff
Interbank FX Public Relations
801.930.6833
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