FXDD Announces Sponsorship of Red Bull Racing - Online Foreign Exchange Leader Opts for Formula One

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FXDD, an online leader in foreign exchange, has launched its first international sponsorship today in announcing a new partnership with the Red Bull Racing team, which is set to compete in the prestigious FIA Formula One World Championship.

The Formula One Championship sits at the pinnacle of global prestige when it comes to sport

FXDD, an online leader in foreign exchange, has launched its first international sponsorship today in announcing a new partnership with the Red Bull Racing team, which is set to compete in the prestigious FIA Formula One World Championship.

Headquartered in New York City, FXDD provides customers with powerful online tools and professional experience in foreign exchange trading. FXDD anticipates utilizing its partnership with Red Bull Racing to create business in new markets worldwide, and to engage an international client base.

"The Formula One Championship sits at the pinnacle of global prestige when it comes to sport," said Eric Wajnberg, Vice President of Business Development at FXDD. "The incredible energy and cutting technology of F1 parallels FXDD's innovation in the global Forex market resulting in a terrific fit between the two entities."

As part of its sponsorship of Red Bull Racing, FXDD's logo will appear on the RB6 cars of 2009 championship runner-up, Sebastian Vettel and F1 star Mark Webber, as well as on the racesuits of both drivers and on the Red Bull Racing team uniform.

"We are pleased to welcome FXDD to Red Bull Racing," commented Team Principal Christian Horner. "It is a very proactive and dynamic organization and the fast-moving, data-intensive world of online foreign currency trading is a good fit for Red Bull Racing and Formula One. We are delighted to join forces with FXDD in anticipation of a very exciting Formula One season."

FXDD has already demonstrated sponsorship success through its partnership with the New York Rangers NHL ice hockey team and Madison Square Garden as of November of 2009. However, today's announcement is a milestone in FXDD history since it represents the company's first global sponsorship.

Red Bull Racing drivers Sebastian Vettel and Mark Webber led the squad to unprecedented success in 2009 as the team finished second in the Constructors' World Championship, with Vettel's triumph at the Chinese Grand Prix delivering the team's first-ever F1 win. Vettel prevailed once again at the British and Japanese Grands Prix, while Webber led his team-mate home for a stunning 1-2 finish at the German Grand Prix, followed by a second Formula One victory in Brazil. The team capped a brilliant season, with another 1-2 finish at the season-ending Abu Dhabi Grand Prix, with Vettel taking the checkered flag from Webber.

The 2010 Formula One season begins at the Bahrain Grand Prix from March 12 - 14.

For more information on Red Bull Racing, visit http://www.redbullracing.com.

ABOUT FXDD:
FXDD, headquartered in New York City, is a leading online foreign exchange trading firm dedicated to providing superior customer service, powerful trading technology, and reliable streaming liquidity. We provide our services to individual and institutional traders, hedge funds, commercial entities, brokerage firms and money managers around the world. FXDD offers 24-hour Forex trading by way of its trading platforms, which include: MetaTrader, FXDDTrader PowerTrader and FXDDAuto. The Company's services currently provide competitive interbank pricing, no-interest accounts, and fully-automated execution. In US FXDD provides 100:1 leverage for major and 25:1 leverage for exotic currency pairs., as well as competitive bid-to-ask spreads (2-3-wide on most majors). For a free demo, please visit http://www.fxdd.com, or call toll-free in the U.S. at 1.866.FOR.FXDD or +1.212.791.3950.

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Eric Wajnberg
FXDD
212-791-3950
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