|GAIN Capital's GAIN GTX Launches Specialty Execution Desk|
LONDON and BEDMINSTER, N.J., Sept. 27, 2011 /PRNewswire via COMTEX/ --
GAIN Capital Holdings, Inc. (NYSE: GCAP), a global provider of online trading services, announced today the launch of a new execution desk for GAIN GTX, its institutional ECN offering. GAIN GTX clients now have 24-hour access to experienced FX professionals who will assist them in leveraging the extensive credit network and liquidity in the GTX marketplace to price and execute transactions. The desk will cover all aspects of the FX markets, including spot, swaps, NDF's, and options.
"The GAIN GTX execution desk is an excellent complement to the online trading capabilities of the platform," commented Vincent Sangiovanni, chief operating officer of GAIN GTX. "While many of our clients exclusively access the liquidity of GTX marketplace online, other clients, on occasion, require the help of a professional desk, whether it be for swaps, option structures, or attentive treatment of their orders, as well as timely market updates and commentary."
The GAIN GTX execution desk is headed by Ross Taylor, an industry veteran with more than thirty years of experience in building successful and well-regarded execution teams. Most recently, Mr. Taylor ran FX sales at Natixis, a division of Group BPCE, the second-largest banking group France. Prior to that he was at Bear Stearns, where he helped pioneer many of the aspects of FX Prime Brokerage and agency execution models. Reporting to Mr. Sangiovanni, Mr. Taylor will manage a team of experienced FX professionals with an average of more than twenty years in the FX markets.
"The FX market is highly focused on technology, algorithms and efficiency, but there is still a need for the human touch," added Glenn Stevens, GAIN's chief executive officer. "As a company, we will continue to invest in both people and technology to ensure that we remain a leader in foreign exchange trading."
The GAIN GTX execution desk is the latest development for GAIN Capital's institutional business. In April of this year, the company launched GTX Direct, its FX prime brokerage service. GTX Direct allows qualified investors without an existing FX prime brokerage relationship to leverage GAIN Capital's central clearing facilities in order to access the liquidity available in the GAIN GTX marketplace.
About GAIN GTX
For further information regarding GAIN GTX, visit www.gaingtx.com.
About GAIN Capital
A pioneer in online forex trading, GAIN Capital operates FOREX.com®, one of the largest and best-known brands in the retail forex industry. GAIN's other businesses include GAIN GTX, a fully independent FX ECN for hedge funds and institutions, and GAIN Securities, Inc. (member FINRA/SIPC) a licensed U.S. broker-dealer.
GAIN Capital and its affiliates have offices in New York City; Bedminster, New Jersey; London; Sydney; Hong Kong; Tokyo; Singapore; and Seoul.
For company information, visit www.gaincapital.com.
SOURCE GAIN Capital Holdings, Inc.