IBFX’s division TradeStation Forex has issued a company announcement revealing that the US based arm of the Monex Group (TYO:8698), has unveiled a new FX product aimed at professional and high-net-worth individuals. Ifx will deliver to institutional investors the vast set of advanced TradeStation features, while providing institutional levels of bank and non-bank market liquidity.
The company is using its smart order routing technology to be able to assure that the orders of its clients will be filled with minimum market impact. Other key features include co-location, web API integration, FIX API integration and algorithmic execution.
TradeStation will now have three forex offerings catering to different types of investors. TradeStation Ifx adds to the firm’s retail forex trading service which offers 44 currency pairs and its Active Trader Program, marking an important development for the brokerage, as it is now offering a separate solution for different types of individual and institutional clients at every level.
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The President of TradeStation Forex, Gary Weiss, explained in the company’s announcement, ”TradeStation Ifx offers professional and high-net-worth currency traders an unparalleled combination of advanced trading technology and access to broad, deep liquidity.”
“This new offering is the latest addition to the growing institutional services business of TradeStation Group, which currently offers customized quantitative trading solutions and brokerage services across multiple asset classes,” he added.
This marks the second major development for the company during the past month, as TradeStation announced its partnership with Chinese broker Guosen Securities which opened the doors for the platform to enter the mainland China market.
Earlier this year, TradeStation’s parent company Monex Group started the platform’s expansion throughout Asia, with Japan and South Korea being the first major Asian markets where clients are already able to use the platform.