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Case Study: Interbank FX Ensures Disaster Recovery And Uninterrupted Operations For Its Online Trading Business
Interbank FX, LLC (IBFX) is a leading provider of online off-exchange retail foreign currency (Forex/FX) trading services, offering individual traders, fund managers and institutional customers proprietary technology and tools to trade off-exchange retail foreign currency online. Headquartered in Salt Lake City, the company serves over 35,000 clients from more than 140 countries and has supported a trading volume in excess of US $80 billion in a single month. Interbank FX is regulated as a member of the National Futures Association (NFA) and is also registered with the Commodity Futures Trading Commission as a Futures Commission Merchant. Interbank FX's industry recognition includes Best Online FX Provider, Best Foreign Exchange Broker, Best Chairman, Ernst and Young Entrepreneur of the Year, and Inc 500.
Interbank FX is governed by the National Futures Association, the industrywide, self-regulatory organization for the U.S. futures industry. NFA Compliance Rule 2-38 requires all members to adopt a disaster recovery (DR) plan reasonably designed to enable them to continue operating, re-establish operations, or transfer their business to other members with minimal disruption to their customers, other members, and the commodity futures markets. Additionally, all downtime events must be reported.
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