(Source: Business Wire)
Forex International Trading Corp. (the "Company") (OTCBB: FXIT), a
company principally engaged in offering via affiliates a web-based
foreign currency trading platform to non US residents, professionals and
retail clients, today highlighted the significant accomplishments
achieved by Triple 8 Limited ("Triple"), which is approximately 45%
owned by the Company, over its February 2011 performance which included:
February 2011
Retail customer trading volume (1) in February 2011 which was 13% lower
than January 2011 and 121% higher than February 2010. On average, retail
client trades per month in February 2011 was 9% lower than January 2011
and 73% higher than February 2010. Tradable accounts (2) as of February
28, 2011 were representing an increase of 8% from January 31, 2011 and
an increase of 178% from February 28, 2010.
This operating data is preliminary and subject to revision and should
not be taken as an indication of the financial performance of Triple or
the Company.
(1) Volume that Triple retail customers traded in period translated into
US dollars.
(2) A Triple retail customer account with sufficient funds to place a
trade.
About Forex International Trading Corp.
Headquartered in Las Vegas, NV, Forex International Trading Corp.
operates an advanced online trading platform for Forex markets to non
U.S. residents. The Company estimates non U.S. residents represent 75%
of online currency trading. The Company currently accepts only non U.S.
clients. The Company focuses on providing individual and institutional
investors with a platform for buying and selling currencies, precious
metals and commodity futures. This platform allows self-directed,
broker-assisted, managed accounts and accumulation programs. Through the
platform, customers have access to over 20 currencies and bullion
deliveries. The Foreign Currency Market ("Forex" or "FX") is created by
the global exchange of currencies. According to the Bank for
International Settlements, the average daily turnover, or, volume in the
Global FX market in April 2010 was $4 Trillion compared to only $1.2
Trillion in 2001 (Wall Street Journal, Sept. 1, 2010). Historically,
access to the FX market was only available to governments, commercial
banks, corporations, and other large financial institutions. The Company
is now capitalizing on the growth of online currency trading through its
state of the art web-based trading platform.
For more information, please visit: http://forex-international-trading.com
Forward-Looking Statements: This press release contains
forward-looking statements, including expected industry patterns and
other financial and business results that involve known and unknown
risks, uncertainties and other factors that may cause our actual
results, levels of activity, performance or achievements to differ
materially from results expressed or implied by this press release. Such
risk factors include, among others, whether Forex International Trading
Corp. can successfully execute its operating plan; its ability to
integrate acquired companies and technology; its ability to retain key
employees; its ability to successfully combine product offerings and
customer acceptance of combined products; general market conditions; and
whether Forex International Trading Corp. can successfully develop new
products and the degree to which these gain market acceptance. Actual
results may differ materially from those contained in the
forward-looking statements in this press release. Forex International
Trading Corp. does not undertake any obligation to update or revise
forward-looking statements to reflect changed assumptions, the
occurrence of unanticipated events or changes to future operating
results.
A service of YellowBrix, Inc.