GAIN GTX Launches for Professional Traders
By Gain Capital, PRNEMonday, January 18, 2010
Fully Independent FX ECN Gives Institutions Access to Extensive Liquidity Sources
NEW YORK and LONDON, January 19 - GAIN Capital, a global provider of online trading services, has launched
GAIN GTX, an independent foreign exchange (FX) ECN that provides qualifying
financial institutions, hedge funds, CTAs, high frequency traders,
broker/dealers and high net worth individuals access to diverse and deep FX
liquidity sources.
GAIN's GTX trading platform is a fully anonymous trading environment that
offers direct access and trade execution capabilities via streaming prices or
Request-For-Stream (RFS) with a transparent view of both price and order book
depth. The company's two main solutions are GTX Prime to Prime, for companies
with pre-existing credit with a prime broker and GAIN Capital Direct Prime,
for those without pre-existing relationships.
"There has been an incredible uptick in the adoption of algorithmic
trading in the FX market," said Sang Lee, manager partner, Aite Group. "In
light of continuous market structure changes and increasing participation of
non-bank customers segments in the institutional FX market, plenty of
opportunities exist for a new FX ECN with built-in flexibility and compelling
value added functionality."
Key features of the GTX trading platform include an intuitive design that
makes it easy to manage orders, query trades, and view deep pricing from
anonymous - as well as disclosed - liquidity providers. Other capabilities
include:
- Full featured FIX APIs as well as Java for easier integration. - Aggregate pricing from a hybrid pool of anonymous or disclosed liquidity providers - Price depth with automatic size-adjusted average price (VWAP) display - Real-time Straight Through Processing (STP) and historical trade query - Order management; market, limit, stop, OCO, peg order types - Two types of order routing: targeted or automatic based on participant's trading strategy - Algorithmic plug-ins and trigger / if-done / auto-exit logic ideal for High Frequency Trading
"With an eye toward expanding our already strong presence in the
institutional space, we recognized a need for a dedicated liquidity venue
that gives FX traders greater price transparency, instantaneous trade
execution and lower transaction costs," said Glenn Stevens, CEO, GAIN
Capital. "GTX puts the power of customization and automation onto a
professional-grade platform built with the sophisticated institutional FX
trader in mind."
GAIN GTX's robust offering provides an open architecture allowing traders
to easily integrate orders, trades, pricing, as well as back office systems.
Additional benefits include extensive reporting functionality with the
ability to import and export from Excel and integration with Traiana's
Harmony.
For more information about the GAIN GTX platform, please visit
www.gaingtx.com
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, 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.
In North America: Steph Johnson, +1-212-808-4904, or Christa Conte, +1-212-808-4902, both of Feintuch Communications, gain at feintuchpr.com, In Europe: Sorrel Beynon, +44(0)20-3047-2368, or Rachel Cohen, +44(0)20-3047-2366, both of Edelman, gain at edelman.com, Investor Contact: Miri Segal-Scharia, MS-IR LLC, +1-917-607-8654, IR at gaincapital.com
Tags: GAIN Capital, New York, New york and london, United Kingdom