JAKARTA, Indonesia, via ETELIGIS INC., 03/12/2015 – – International Global Exchange (OTC Pink: IGEX) (PINKSHEETS: IGEX) today announced it has secured $500,000 of new investment funds from FxPro UK, one of the largest FX providers in the world. The transaction will see that IGEX will manage the Fund’s via its SuperTrader Platform under its Planck 10 strategy.
FxPro’s years of experience in FX have led them to developing highly effective investment alternatives that capitalize on forex’s growing status as an asset class in its own right. FxPro manages more than $60 billion trading volume per month in the foreign exchange market and have over $300mn funds under management.
Earlier, IGEX reported that its Planck 10 trading strategies gained 12.45% in January, building upon consistent monthly gains posted since September, resulting in returns of 34.26% for the period. FxPro has recognized the Planck 10 Strategy and once fully tested will open it to its retail and manage funds areas
John O’Shea, IGEX CEO stated: “We sought our strategic partner for our Planck 10 trading Strategy and are extremely pleased that FxPro has chosen IGEX after extensive review and analysis. This recognition from FxPro adds value to not only IGEX and the fund, but most importantly to the underlying clients of the fund.”
“Our risk management will run within the parameters of the Investment Mandate to achieve performance goals,” added Mr. O’Shea. This is a unique opportunity to allow IGEX to expand in the funds Management industry with ownership and allowing IGEX Super Trader to gain investment funds which will produce revenue for IGEX from day one.
“Our management approach fosters an entrepreneurial culture among staff. Strong compliance is the fundamental building block to this approach. Risk management practices are embedded in our business ethos,” said the Fund’s Managing Director. “These together, with a strong and committed team, are key drivers of our success.”
Indo Global Exchange (IGEX) is at the forefront of the emerging financial markets service sector, partnering with noteworthy licensed suppliers of sophisticated global trading platforms in Equities, CFDs, Derivatives, Commodities, Energies, Foreign Exchange and Options. IGEX’s local knowledge coupled with world-class partners gives clients security and 100% transparency, which is critical for entry into this large and relatively untapped Pacific Rim marketplace. For more information about IGEX’s business, mission and strategic partners, visit: www.igex.com.
Demographic trends show the size of the opportunity. There are currently about 74 million in Indonesia, and this number will double by 2020, to roughly 141 million people. During that period, some 8 million to 9 million people will enter the middle class each year. To capture the opportunity, IGEX gains understanding of the country’s demographic and regional trends, and develops the right product mix and go-to-market strategy.
About IGEX SuperTrader:
A cutting-edge investment platform that allows investors to replicate risk-rated trading strategies within their own portfolio. Visit: https://supertrader.igex.com.
Notice Regarding Forward-Looking Statements:
This news release contains forward-looking statements, which reflect our views with respect to future events and financial performance. These forward-looking statements are subject to certain uncertainties and other factors that could cause actual results to differ materially from such statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statement was made. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in the reports and other documents we file with the SEC, available at www.sec.gov.
Crescendo Communications, LLC
Tel: (212) 671-1020
SOURCE: Indo Global Exchanges Pte Ltd.