IFX Markets and Patsystems in FX agreement

First Published: e-Forex Magazine 13 / News / January, 2004

IFX Markets, a leading forex market maker, has entered into a development agreement with Patsystems, the global supplier of trading technology. IFX was founded in 1995 as a market maker in spot and forward foreign exchange. It has developed an internet-based multi-currency trading platform, IFX Direct, and makes competitive prices in over 100 currency pairs. For Patsystems, the agreement with IFX signals a move into cash markets and is a major step outside its traditional boundaries. The agreement will see Patsystems develop an interface that will feed straight into IFX’s trading system. Patsystems’ IFX adaptor will be launched in early 2004 and will allow Patsystems to provide an FX trading solution to its existing customers.Steve Pryor,Head of FX Sales at IFX MarketsSteve Pryor, Head of FX Sales at IFX Markets, commented: “This is the latest of many partnerships we are forging in areas where we can offer bespoke solutions to forex professionals.”...continued

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