Thursday, December 08, 2016 4:31:47 PM
Posted on March 12, 2015 by robertpotter1028 — Leave a comment
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.
$4,6 million loss with $3k revenue
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