0001013762-11-000931.txt : 20110406 0001013762-11-000931.hdr.sgml : 20110406 20110405181755 ACCESSION NUMBER: 0001013762-11-000931 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20110405 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20110406 DATE AS OF CHANGE: 20110405 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Forex International Trading Corp. CENTRAL INDEX KEY: 0001471781 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] IRS NUMBER: 270603137 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-161795 FILM NUMBER: 11741475 BUSINESS ADDRESS: STREET 1: 1061 1/2 N SPAULDING AVE. CITY: WEST HOLLYWOOD STATE: CA ZIP: 90046 BUSINESS PHONE: 323-822-1750 MAIL ADDRESS: STREET 1: 1061 1/2 N SPAULDING AVE. CITY: WEST HOLLYWOOD STATE: CA ZIP: 90046 8-K 1 form8k.htm FOREX INTERNATIONAL TRADING CORP. FORM 8-K form8k.htm
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 OR 15(d) of the Securities and Exchange Act of 1934

Date of Report (Date of earliest event reported):  April 5, 2011

Commission File Number 333-161795 
 
FOREX INTERNATIONAL TRADING CORP.
(Exact name of small business issuer as specified in its charter)
 
Nevada 
27-0603137
(State or other jurisdiction of incorporation or organization) 
(I.R.S. Employer Identification No.)

One Grand Central Place
60 E 42nd Street, Suite 5310
New York, New York 10165
(Address of principal executive offices)
 
888-333-8075
(Issuer’s telephone number)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instructions A.2. below):
 

/_/ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

/_/ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

/_/ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

/_/ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 

 
 

 
 

 
 
Item 2.02                      Results of Operations and Financial Condition
Item 7.01                      Regulation FD Disclosure

On April 5, 2011, Forex International Trading Corp. (“Forex”) issued a press release regarding the monthly metrics of Triple 8 Limited, which Forex owns approximately 45% of the outstanding securities.  A copy of Forex’s press release is attached hereto as Exhibit 99.1.
 
The information contained in this Current Report shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

Item 9.01                      Financial Statements and Exhibits
 
Exhibit Number
 
  Description
     
99.1
 
Press Release dated April 5, 2011
 
 

SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 
FOREX INTERNATIONAL TRADING CORP.
 
       
 
By:
/s/ Darren Dunckel
 
 
Name:
Darren Dunckel
 
 
Title:
CEO, President, CFO, Secretary, Treasurer and Director
 
       
 
 
 
Date: April 5, 2011
Las Vegas, Nevada
 

EX-99.1 2 ex991.htm EXHIBIT 99.1 ex991.htm
Exhibit 99.1
 
Forex International Trading Corp. Reports Monthly Metrics of Triple 8 Limited

NEW YORK, April 5, 2011 (BUSINESS WIRE) -- Forex International Trading Corp. (the "Company") (OTCBB:FXIT), today highlighted the significant accomplishments achieved by Triple 8 Limited ("Triple"), which is approximately 45% owned by the Company.  Triple’s March 2011 performance  include:
 
March 2011
 
Triple 8 Ltd – March 2011
Month over Month  (Increase/Decrease)
Year over Year (Increase/Decrease)
Trading Volume (1)
14%
175%
Trades per Month
23%
124%
Active Trading Accounts (2)
19%
161%
 
Retail customer trading volume (1) in March 2011 which was 14% higher than February 2011 and 175% higher than March 2010. On average, retail client trades per month in February 2011 was 23% higher than February 2011 and 124% higher than March 2010. Tradable accounts (2) as of March 31, 2011 were representing an increase of 19% from February 28, 2011 and an increase of 161% from March 31, 2010.
 
This operating data is preliminary and subject to revision and should not be taken as an indication of the financial performance of Triple or the Company.
 
(1) Volume that Triple retail customers traded in period translated into US dollars.
 
(2) A Triple retail customer account that placed a trade.
 
FXIT CEO Darren Dunckel commented, “We continued to see significant growth in Triple. In fact, March 2011 represents the best month Triple 8 Limited has ever had to date.”
 
About Forex International Trading Corp.
 
Headquartered in New York, NY, Forex International Trading Corp. operates an offshore advanced online trading platform for Forex markets to non U.S. residents. For US residents the company operates an online currency trading platform and online futures trading platform under its Beam Financial Group of companies. The Company focuses on providing individual and institutional investors with a platform for buying and selling currencies, precious metals and commodity futures. The company’s platforms allow self-directed, broker-assisted, and managed accounts. Through the platforms, customers have access to over 20 currencies and bullion deliveries. 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 platforms.
 
For more information, please visit: http://www.forex-international-trading.com and http://www.beamfinancialgroup.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.
 

Investor Relations Contact
Paul DeRiso
Core Consulting Group
925-465-6088
paul@coreconsultingroup.com