Saddle River, New Jersey, September 30, 2008 – FX Solutions, LLC today announced the merger of IFX Markets Inc. into FX Solutions. Both companies are wholly
owned subsidiaries of City Index Group. As a result of the merger, IFX Markets customer
accounts will transfer to FX Solutions, effective immediately. FX Solutions will now serve over
50,000 individual currency traders, making it one of the industry’s largest foreign exchange
brokerages. FX Solutions provides foreign exchange trading capabilities to retail customers,
introducing brokers and white label partners in over 50 countries worldwide.
"The entire team at FX Solutions is very excited to merge with IFX Markets, a solid niche player
in the Forex space," said Robert Cortright, co-founder and co-CEO of FX Solutions. “Our
merger with IFX will result in a win-win situation for both companies and our respective
customers. Combined, we have more to offer than as separate companies. For example, I
think IFX customers are going to be very pleased with the extra customer support and the
benefits of the GTS platform, like trading directly from the charts and mobile trading."
IFX Markets customers who trade on the popular GTS platform will find a number of unique
features designed to improve their trading:
• Fixed Spreads – In all market conditions, even fast-moving or volatile marketsi
• Streaming Interbank Market Prices – Only retail Forex broker to have an exclusive
data sharing partnership with ICAP plc for the institutional EBS price feed
• Automatic Execution – 98.72% of all orders are automatically executed and never
touched by a human dealerii
• Leverage – 50:1 to 400:1iii
• Multiple Order Types – Offers buy entry stops, buy entry limits, sell entry stops, sell
entry limits and market orders
• Integrated Risk Management – Allows up to five stops and limits per order, including
trailing stops
• Trade anytime, anywhere – Accessible through a single username and password for
GTS Pro, GTS Web, GTS Mobile and FX AccuCharts.
Clive Cooke, CEO of City Index, said, “Upon our acquisition of FX Solutions in February of this
year, we believed that marrying the unique strengths of each of these entities would
create the premier Forex broker in terms of capabilities, trading platform and
geographic reach. We are very excited by the prospects of this combined firm.”
About FX Solutions
FX Solutions is a leading U.S.-based online foreign exchange broker serving both retail and
institutional customers. The Company provides IBs and White Label Partners FX trading and
risk management in over 50 countries through its Global Trading Systems (GTS) platform.
Regulated by the CFTC and NFA, FX Solutions’ custom-engineered suite of applications
includes one-click trading, automated execution of orders, a proprietary price feed and
competitive fixed-spread pricing - resulting in consistently low executable spreads. FX
Solutions has websites and complete customer support in four languages.
FX Solutions’ Global Trading System platform, known as GTS, was built to be scalable and
flexible, serving the needs of retail clients and institutional partners. The GTS platform provides
for approximately 99% automated execution of all ordersiii, as well as a suite of professional
trading features and tools. Recently, FX Solutions announced the launch of several new
products including GTS Web, a web-based platform, GTS Mobile, a mobile trading tool, and FX
AccuCharts 7.0, a charting package that has over 150 indicators and allows for trading from the
charts.