INDO Global Exchange (OTC: IGEX) Has Secured $500,000 of New Investment Funds from FxPro UK, One of the Largest FX Providers ...
March 12 2015 - 4:05PM
eTeligis
JAKARTA(Eteligis Inc.)
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."
About IGEX :
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.
CONTACT:
Crescendo Communications, LLC
Tel: (212) 671-1020
Email: igex@crescendo-ir.com
SOURCE: Indo Global Exchanges
Pte Ltd.
Associated Documentation:
http://www.eteligis.com/ViewSubmission.aspx?submissionRequest=28151
- Link to submission on http://www.eteligis.com
Indo Global Exchanges Pte (PK) (USOTC:IGEX)
Historical Stock Chart
From Jun 2024 to Jul 2024
Indo Global Exchanges Pte (PK) (USOTC:IGEX)
Historical Stock Chart
From Jul 2023 to Jul 2024