NEW YORK and CHICAGO, May 7, 2012 (GLOBE NEWSWIRE) -- FX Bridge Technologies Corp., a leading provider of foreign exchange and CFD technology solutions, today announced that PFGBEST, a leading global broker, has licensed FX Bridge's trading platform to provide online FX options trading to its client base.
PFGBEST, through the FX Bridge platform, enhances its offering to institutional and retail FX clients by expanding its suite of products that include direct access to interbank liquidity. PFGBEST created the Typhoon system for straight-through processing of foreign exchange transactions and it is a model in the industry for global FX liquidity aggregation.
Here is a link to more information and a free download: http://www.PFGBEST.com/platforms/forexdealer/.
"Building a world-class options platform with proven technology and access to interbank liquidity enables PFGBEST clients to expand their portfolio of trading and risk management strategies in foreign exchange, the world's largest market," said Russ Wasendorf, President and COO, PFGBEST. "This initiative is consistent with our continuous goal to be a leading global broker providing excellent service, technology and products to clients."
The PFGBEST FX options platform will be provided by FX Bridge Technologies Corp. It provides access to live interbank prices, supports same-account trading and margining of spot FX and FX options, and extensive modeling and optimization tools to enable traders to select and deploy a host of FX options trading strategies.
"We are pleased to join with PFGBEST, one of the largest non-clearing U.S. Futures Commission Merchants (FCMs) to offer a state-of-the-art FX options trading platform," said Stephen Best, CEO, FX Bridge. "Clearly this move underscores PFGBEST's commitment to providing a robust and sustainable trading product array, and will help expand the firm's reputation of excellence in liquidity aggregation in cash foreign exchange."
About PFGBEST
PFGBEST is among the largest non-clearing U.S. FCMs, with customers, affiliates and offices in more than 80 countries. PFGBEST specializes in sustainable investing practices through electronic trading, futures, foreign exchange, options, managed accounts, full-service and discount brokerage, precious metals, and investor research. The company is also committed to market education, offering numerous free webinars each week attended by hundreds of people wishing to further their knowledge and skills in trading. The company is celebrating its 20th year as a registered FCM.
Learn more about PFGBEST and its proprietary suite of trading products and platforms, including BESTDirect® by visiting www.PFGBEST.com.
About FX Bridge Technologies Corp.
FX Bridge Technologies Corporation is a leading developer of foreign exchange trading software solutions and services to brokers and banks worldwide. The firm provides innovative spot FX, FX options and contract for differences (CFD) trading platforms and related integration services as well as liquidity and prime broker credit solutions to leading FX brokers and banks. Its flagship ProTrader Plus™ platform supports spot FX, FX options and CFDs in a single customer account, enabling cross-margining credit efficiencies as well as a comprehensive array of trading and risk management strategies. For more information about FX Bridge, please visit the firm's website at www.fxbridge.com.