Interbank FX , a worldwide provider of online off-exchange retail foreign currency (forex) trading services, has been named the fifth fastest growing company by Utah Business magazine's Fast 50 awards program. Despite current economic conditions, Interbank FX has continued to see growth, generating $38.3 million in revenue with a trading volume of $342 billion in 2009.
"Achieving the number 5 spot in this year's Fast 50 program is a tremendous honor and is a tribute to our over 175 hard working employees, without whom none of this would be possible," said Todd Crosland, Chairman and President of Interbank FX. "We are committed to expanding our technology, trading services and tools -- continuing our momentum as we span the globe. We thank the Utah business community for recognizing our efforts."
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Throughout 2010, Interbank FX's strong commitment to customers has allowed continued achievement. With customers in over 140 countries reaching a total of over 35,000 customer accounts, Interbank FX sustains and delivers transaction transparency through competitive spreads, 100% automated execution and smart routing to world money center banks. Future plans include opening its sister company, IBFX Australia beginning September 1, 2010.
"Utah Business magazine is proud to honor Interbank FX in the Fast 50 program, which honors Utah's fastest-growing and top revenue-generating companies. Interbank FX, which made the number five spot on the Fast 50 list, deserves recognition for the strength it brings to Utah's business community," says Sarah Ryther-Francom, managing editor of Utah Business magazine.
The Utah Fast 50 program was designed to recognize companies for their entrepreneurial spirit, innovative business tactics and skyrocketing revenue growth. Other quality contenders at this year's event included ZAGG, Inc. and Skullcandy, respectively.
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