Gandalf the FX review of:
Email sent to all costumers of Interbank FX

Interbank FX Says:
"Hello!

     I wanted to take a moment to update you on a few changes we have recently made at Interbank FX that you may not be aware of. As you know, Interbank FX has grown from a small office created for my own proprietary trading to a global brand with customers in over 140 countries. My long term vision always included creating an honest and ethical trading environment, and it is important to me that our customers reach their full potential within the forex market.

     Today, we have made significant leaps and bounds from our "small shop." We have tens of thousands of customers and transact billions of dollars in trading volume. Nonetheless, we still believe successful customers are the best way to measure long-term business success.

     Some of the ways in which we demonstrate our commitment to you can be seen in our investment in Core (our newly released technology infrastructure), and our transparency metrics. As part of this commitment to transparency, I would like to share with you some of our most recent statistics.

     With the implementation of Core, we have seen our rejection rate for transactions over 5 standard lots decrease

significantly. In fact, the rejection rate for requests of 5 lots or more was only 1.12%! I believe this is, in part, due

to our new order processing technology. If a trade is not accepted by the bank that offered the best available price then

the order is automatically sent to the next bank in our queue within milliseconds. This table below highlights an actual 20

lot order requested from MT4. The trade was first routed to Citi Bank and was rejected. The order was then routed to

Nomura, Bank of America, then to JP Morgan where the order was accepted.

TRADE STATUS                 BANK   TIME STAMP
Sent EUR/USD @ 1.3228    CITI    01:03:12.100
Rejected                                     01:03:12.157
Sent EUR/USD @ 1.32230   NMU   01:03:12.167
Rejected                                    01:03:12.233
Sent EUR/USD @ 1.32230   BOA   01:03:12.240
Rejected                                     01:03:12.407    
Sent EUR/USD @ 1.32232   JPM     01:03:12.413
Accepted                                      01:03:12.483
 
     The entire loop took place in 383 milliseconds - or about as fast as you can blink your eye! In reality, the order can

potentially hit all 8 banks in our multi-bank liquidity feed. This is a noteworthy improvement on some of our old

processes.

     In closing, I just want to thank you for having tried Interbank FX in the past and I would like to invite you to come back

and see for yourself the difference! You can even take advantage of our 10% Deposit Match promotion.

We would love the opportunity to earn your business back because in the end, we work for you, our traders. I wish you the best in your future trading endeavors."

Kind Regards,

Todd B. Crosland

Advice from Gandalf The FX:
      This is a funny email sent out by Interbank FX, trying to make their new system a lot more high tech sounding then

it actually is. All that really happened here (as per their example) is that their bridged-connection to the first three

banks were simply off-line and it eventually found a connection with the last bank on the list.

      There was no "quick connect, negotiate, failure to perform the transaction, return fail, move on" kind of things.

It was just a simple connection that failed on the first three banks and succeeded on the last. The NFA has no grounds to

audit these kinds of statements, so traders need to learn to see through them, and if you don't come from within the

industry, it is impossible to understand routing platforms like the one IBFX has.

Gandalf The FX