IBFX broker as of the date of 16 November 2011 yesterday formally acquired by TradeStation. Within a maximum of one month then the whole operation will be replaced by TradeStation IBFX.
TradeStation is known other than as a maker of trading software platforms (such as Metatrader), also known as a stock broker, Options, Futures, and Forex. IBFX acquisition is to expand outreach to the forex market where TradeStation been more focused on the stock market, Options, and Futures.
Later the client IBFX besides given the option to keep using MetaTrader, also given the option to try the software Tradestation. The hope by doing acquisitions IBFX then TradeStation software increasingly known that one moment can fully replace the Metatrader.
Here are excerpts from the statement of the Director of TradeStation:
"This is a win-win for IBFX and TradeStation clients and makes TradeStation a global leader in forex trading, dramatically expanding our customer relationships and creating a global operating presence," said Gary Weiss, President of TradeStation Forex, Inc.
Um, "a win-win for clients"? Wait a minute ... :)
At IBFX Corporate Blog is expressed as follows:
"within the next 30 days TradeStation Forex, Inc. will become the counterparty to your forex trades"
In IBFX Corporate Blog stated clearly that TradeStation will become a counterparty of the trading done by his client. This means that the client will be trading against the broker itself - TradeStation.
Like the ant against an elephant:)
From that statement is very clear that IBFX will remain a market maker type broker, it's just using a new way with TradeStation style:)
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