JAKARTA, Indonesia, Dec. 8, 2015 (GLOBE NEWSWIRE) -- Indo Global Exchange Pte., LTD (OTC Pink:IGEX) (the "Company") or ("IGEX"), a growing provider of online global markets and trading platforms for securities and commodities, announced today that its total volume traded from October 31, 2015 to November 30, 2015 reached $58,967,576.00, a 501% increase from the previous month, October 2015. This represents the highest monthly trading volume on record for IGEX. Based on a fivefold increase from Nov'30, our Jan'31 forecast could be $294,837,880.00. If our growth is consistent with this magnitude, the June 2016 monthly results would be approximately $3,685,473,500.00.
New registrations (clients) were up 400% for the same period from 25 to 100. Funded accounts showed an increase of 500%, while new client funds increased 1500% during the 30-day period between October 31, 2015 and November 30, 2015 from $30,000.00 to $450,000.00. These results will be part of our quarterly financials for the period ending December 31, 2015.
CEO, John O'Shea said "We are reporting these positive preliminary results to our shareholders in an effort to help them better understand our business model. We are now out of the development stage and into the revenue producing stage, which includes opening and funding accounts. As we move forward, we plan to have more new clients coming on board as a result of several new strategic partnerships we have in the works." Mr. O'Shea continued, "Our revenues will also increase, since we will be making 5 times more off of each account starting at the first of the year."
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Indo Global Exchange (IGEX) is at the forefront of the emerging financial markets service sector, partnering with noteworthy licensed suppliers of sophisticated global trading platform and trading strategies known as IGEX SuperTrader. 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.
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: John O'Shea President and CEO Menara Standard Chartered Jl. Prof. Dr. Satrio 30th Floor Jakarta KAV 146 IndonesiaSource:Indo Global Exchange Pte., LTD