Company Also Enters Into White Label Partnership with Polaris Securities (HK) Limited, A Subsidiary of One of Taiwan's Largest Securities Firms
NEW YORK, LONDON, and HONG KONG, Feb. 2 /PRNewswire/ -- GAIN Capital Holdings Inc., a global provider of online trading services, announced today the opening of its newest office in Hong Kong, further extending its presence in the Asia-Pacific region alongside offices in Tokyo and Seoul. The company received regulatory approval from the Hong Kong Securities and Futures Commission (SFC) in 2009.
"Hong Kong is a key global financial center in Asia with a robust regulatory framework," said Glenn Stevens, CEO, GAIN Capital. "Our Hong Kong office will act as a regional business development hub and help us reach and address the needs of our clients and partners locally."
GAIN's office, located in the central business district, is being managed by Brian Tsui. Mr. Tsui was formerly the head of retail FX at MF Global Hong Kong.
The company also announced it has signed a white label agreement with Polaris Securities (Hong Kong) Ltd ("Polaris (HK)"), a wholly owned subsidiary of Polaris Securities Co., Ltd. A leader in online trading and financial innovation, Polaris Securities is one of the top securities firms and the largest market-maker of index futures and options in Taiwan. The new partnership with GAIN enables Polaris (HK) to expand its Leveraged Foreign Exchange business.
"By partnering with GAIN Capital, we were able to come to market much faster with an offering that speaks to the particular needs of our sophisticated clients, who demand best of breed online trading tools," commented James Hsu, managing director, Foreign Exchange Division, Polaris (HK). "GAIN brought to the partnership a fully localized Chinese trading platform, technical resources and a local support team that enabled us to quickly customize and deploy the Polaris (HK) offering according to our specific business and regulatory requirements. We are now accepting clients at www.polaris.com.hk."
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 $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; Tokyo; and Hong Kong, 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, the Financial Services Authority (FSA) in Japan, and the Securities and Futures Commission (SFC) in Hong Kong.
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.
Web site: http://www.gaincapital.com/