NEW YORK--(BUSINESS WIRE)--Forex International Trading Corp. (the "Company") (OTCBB: FXIT), a company principally engaged in offering via affiliates a web-based foreign currency trading platform to non US residents, professionals and retail clients, today announced that Paul Brittain has been engaged by Wheatley Asset Management LLC to develop and manage its Las Vegas office. The Company owns 50% of Wheatley Asset Management LLC.
Paul Brittain began his professional trading career as an options specialist in 1983 trading options on precious metals and was on the front lines as options made their initial debut on the U.S. Exchanges in the mid 1980’s. He honed his unique trading approach by working alongside many professional Wall Street traders on the NY exchanges.
“We welcome Paul to our team. We have great confidence that with his years of experience in futures trading as well as teaching others to trade, Paul will provide us the opportunity to expand our physical footprint and product offerings at the same time,” said Michael Weissman CEO of Wheatley Asset Management LLC.
“Over the last several years I have seen a tremendous amount of interest growing within the forex markets here in the U.S. and I am excited to work with a company that can provide my clients with the ability to work with me on both futures and forex,” said Paul Brittain about the his move to Wheatley.
In addition to working hand-in-hand with customers, Paul has been managing brokerage firms and training brokers since early on in his career including managing both the New Jersey and Las Vegas Branches of Alaron Trading for 11 years and at one time ran a CTA which was ranked 5th in the US and 8th in the world. Considered an expert in the field of commodity options, he has either been quoted in or contributed content to just about every major industry publication, both on paper and in the electronic media, such as The Wall Street Journal and Bloomberg News, as well as working alongside many of today’s most respected analysts in the industry on various trading panels and seminars.
Paul has written articles for industry publications such as Futures Magazine, Active Trader, Stocks and Commodities and PitNews, as well as been a featured trader in Futures Magazine and Traders Monthly. In 2009, his book “Commodity Options: Trading and Hedging Volatility in the World’s Most Lucrative Market” was released and was ranked in the top 10 trading and investment books of 2009 by SFO magazine.
Realizing that a better trader made a better customer, he started publishing informative newsletters in the early 1990’s in an effort to better communicate as well as educate his clients. Over the years he started and still publishes the following trading recommendation newsletters: The Beast, The BMD and the Optionologist.
In 2004 he started the online trading school www.commoditytradingschool.com, which is recognized and attended by students around the world. Additionally, Paul currently runs a live, cyber- assist day-trading room for his discount online customers in an effort to help his customers identify potential profitable trading opportunities in the various financial markets.
About Forex International Trading Corp.
Headquartered in New York, NY, Forex International Trading Corp. operates an advanced online trading platform for Forex markets to non U.S. residents. This platform allows self-directed, broker-assisted, managed accounts and accumulation programs. Through the platform, customers have access to over 20 currencies and bullion deliveries. In addition, the company is developing a trading platform for U.S. residents. The company provides education and training via the web as well as at its midtown Manhattan location. The Foreign Currency Market ("Forex" or "FX") is created by the global exchange of currencies. According to the Bank for International Settlements, the average daily turnover, or, volume in the Global FX market in April 2010 was $4 Trillion compared to only $1.2 Trillion in 2001 (Wall Street Journal, Sept. 1, 2010). Historically, access to the FX market was only available to governments, commercial banks, corporations, and other large financial institutions. The Company is now capitalizing on the growth of online currency trading through its state of the art web-based trading platform.
For more information, please visit: http://forex-international-trading.com
Forward-Looking Statements: This press release contains forward-looking statements, including expected industry patterns and other financial and business results that involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to differ materially from results expressed or implied by this press release. Such risk factors include, among others, whether Forex International Trading Corp. can successfully execute its operating plan; its ability to integrate acquired companies and technology; its ability to retain key employees; its ability to successfully combine product offerings and customer acceptance of combined products; general market conditions; and whether Forex International Trading Corp. can successfully develop new products and the degree to which these gain market acceptance. Actual results may differ materially from those contained in the forward-looking statements in this press release. Forex International Trading Corp. does not undertake any obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.