Analysis and trading platform provider TradeStation Group (TSG) has taken over foreign exchange trading services provider IBFX Holdings. TSG unit TradeStation Technologies purchased the proprietary risk-management software of IBFX’s Utah-based forex broker unit Interbank FX, after which TSG bought all of the ownership stakes of IBFX from its members. Interbank FX will be merged into TradeStation Forex within a period of 30 days.
Consequently, all Interbank FX accounts will be shifted to TradeStation Forex and it will be run as the IBFX division of TradeStation Forex. Interbank FX CEO Todd Crosland will lead the new IBFX subsidiary. IBFX Australia will also function as a unit of TSG.
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