Forex International Trading Corp (OTCBB:FXIT), a company, through its affiliates, which is principally engaged in offering a web-based foreign currency trading platform to non-US residents, professionals and retail clients, today announced that it has finalized its acquisition of an additional 30% interest in Forex New York City LLC ("ForexNYC"). In December 2010, the Company originally acquired a 20% interest in the New York-based Forex investment training facility. As a result of this latest acquisition, the Company now owns a 50% equity interest in ForexNYC. “We are happy with the relationship we have developed with Forex New York City and see them as an important piece of our expansion strategy” commented Darren Dunckel, CEO of Forex International Trading Corp. “Utilizing our educational and training arm, the Company intends to continue to expand our operations in the United States.”, added Darren Dunckel.
The Company, through ForexNYC, provides introductory training as well as advanced training for retail traders that use the web-based trading platform for buying and selling currencies, precious metals and commodity futures.
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