GAIN Capital Opens Singapore Office as Part of Asian Expansion Effort for GAIN GTX, its Institutional ECN
NEW YORK and SINGAPORE, April 5, 2011 /PRNewswire/ -- GAIN Capital Holdings, Inc. (NYSE: GCAP), a global provider of online trading services, today announced that it has opened an office in Singapore to expand business development efforts in Asia for GAIN GTX, the company's institutional electronic communications network (ECN).
The GAIN GTX ECN is designed for institutional traders such as banks, hedge funds, asset managers, CTA's and high frequency trading companies. GAIN GTX provides a fully anonymous trading environment with advanced algorithmic trading capabilities, sophisticated order management and routing tools and access to foreign exchange liquidity through an extensive network of prime broker relationships. Aside from the ECN, GAIN GTX also offers an aggregation service of either disclosed or anonymous liquidity via its customizable prioritization features within the software.
"Since launching in March 2010, GAIN GTX has attracted a diverse client base due to its superior technology, peer-to-peer trading capabilities, and the deep liquidity of our prime brokerage partners," commented Vincent Sangiovanni, chief operating officer of GAIN GTX. "With the second largest hedge fund industry in Asia, we believe there's a great opportunity for GAIN GTX in Singapore, and we intend to use the office as a regional hub for our business."
Mr. Henry Pek will lead the sales effort for GAIN GTX Singapore Pte. Ltd. and will report to Graham Beale, head of GAIN GTX international sales. A local Singaporean with nearly twenty years of financial services experience, Mr. Pek has served in various sales and business development roles in companies such as CMC Markets, Jardine Fleming Futures and Standard Chartered Futures.
The office is located at the Straits Trading Building, 9 Battery Road, #20-02, Singapore. For more information about GAIN GTX and for contact details, please visit www.gaingtx.com.
About GAIN Capital
GAIN Capital Holdings, Inc. (NYSE: GCAP) is a global provider of online trading services. GAIN's innovative trading technology provides market access and highly automated trade execution services across multiple asset classes, including foreign exchange (forex or FX), contracts for difference (CFDs) and exchange-based products, to a diverse client base of retail and institutional investors.
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.
With offices in New York City; Bedminster, New Jersey; London; Sydney; Hong Kong; Tokyo and Seoul, GAIN Capital and its affiliates are regulated by the Commodity Futures Trading Commission (CFTC), the National Futures Association (NFA) and the Securities and Exchange Commission (SEC) in the United States, the Financial Services Authority (FSA) in the United Kingdom, the Financial Services Agency (FSA) in Japan, the Securities and Futures Commission (SFC) in Hong Kong, and the Australian Securities and Investments Commission (ASIC) in Australia.
For company information, visit www.gaincapital.com.
FOREX.com is a registered trademark of GAIN Capital Holdings. All other trade names are the property of their respective owners.
SOURCE GAIN Capital Holdings, Inc.