GAIN Capital Launches FOREX.com in Japan
By Prne, Gaea News NetworkMonday, September 14, 2009
NEW YORK and TOKYO -
- Japanese Retail FX Traders Benefit from Award-winning Margin Trading Platform, Quality Execution, Premium Research and Trading Tools
GAIN Capital Holdings, Inc. (GAIN Capital), a global provider of online trading services, today announced the launch of FOREX.com, its award-winning margin foreign exchange (FOREX or FX) trading service, in Japan (jp.forex.com).
“Japan is a very important market for us. FX as an asset class is popular among Japanese investors and we believe that the retail FX market in Japan will continue to grow,” said Glenn Stevens, CEO of GAIN Capital. “While we have been operating in Japan for the past seven years through our white label partners, we are excited to finally have the opportunity to introduce our full capabilities to the Japanese market,” continued Mr. Stevens.
Earlier this year, GAIN Capital announced it had acquired a majority interest in Japanese retail FX provider Fortune Capital Co. Ltd., a GAIN white label partner since 2002. The company was subsequently renamed GAIN Capital Japan and now offers FX trading services to Japanese retail investors under the FOREX.com brand name. GAIN Capital Japan maintains a Tier 1 securities license with Japan’s Financial Services Agency (FSA) and client funds are held in a separate trust bank account.
According to Japanese research firm Yano Research Institute, Ltd., retail FX trading volume in Japan increased an estimated 35% in the past year, from approximately 740 trillion yen in March 2008 to over one quadrillion yen in March 2009. In addition, the number of accounts was expected to reach 1.79 million up, 44.9% over the same time period.*
FOREX.com Japan features a fully localized version of its award-winning proprietary trading platform, FOREXTrader PRO, as well as the popular MetaTrader 4 platform. Competitive dealing spreads, quality execution, and premium trading tools, including advanced charting and daily and weekly research, along with mobile trading capabilities, enable retail investors to easily and informatively trade 37 of the world’s major currency pairs.
Wee Pin Tan, Managing Director of GAIN Capital Japan and founder of Fortune Capital, added, “Leveraging the resources and expertise of a well-capitalized, global company will enable our Tokyo-based team to deliver world-class products and services tailored specifically to the needs of the retail Japanese trader, while upholding GAIN’s high standards for reliability and customer service.”
To learn more about FOREX.com Japan and to register for a free practice account, go to jp.forex.com.
* “Foreign Exchange Margin Trading Market in Japan 2008,” Yano Research Institute Ltd. November 2008.
About GAIN Capital
GAIN Capital Holdings, Inc. is a global provider of online trading services, specializing in foreign exchange (forex or FX) and contracts for difference (CFDs). Customers and trading partners in more than 140 countries have utilized the company’s award-winning trading platform which transacts nearly US$200 billion per month.
A pioneer in online forex trading, GAIN Capital operates FOREX.com (www.forex.com), one of the largest and best-known brands in the retail forex industry. It also provides execution, clearing, custody and technology products and services to an institutional client base including asset managers, broker/dealers and other financial services firms.
With offices in New York City; Bedminster, New Jersey; London; Seoul; and Tokyo, GAIN Capital and its affiliates are regulated by the Commodity Futures Trading Commission (CFTC) in the United States, the Financial Services Authority (FSA) in the United Kingdom and the Financial Services Authority (FSA) in Japan.
GAIN’s investor group includes private equity firms 3i, VantagePoint Venture Partners, Tudor Ventures, Edison Venture Fund and Cross Atlantic Capital Partners. For company information, visit www.gaincapital.com or www.forex.com.
Source: GAIN Capital Holdings Inc.
In North America: Steph Johnson, +1-212-808-4904, steph at feintuchpr.com, or Christa Conte, +1-212-808-4902, christa at feintuchpr.com, both of Feintuch Communications for GAIN Capital; In Europe: Alison Cashmore, Regional Marketing Director, FOREX.com UK, acashmore at gaincapital.com, +44(0)20-7398-5022; or Nicolle Farthing or Lizzie Hannaway, both of Broadgate, +44(0)20-7726-6111, gain at bgate.co.uk
Tags: GAIN Capital Holdings Inc., Japan, New York, New yorktokyo, United Kingdom