GAIN Capital Receives Regulatory Approval in China; Announces Plans for Beijing Office
BEDMINSTER, N.J., May 11, 2011 /PRNewswire/ -- GAIN Capital Holdings, Inc., a global provider of online trading services, announced today that it has received formal regulatory approval from the China Banking Regulatory Commission (CBRC) to open a representative office in Beijing.
"Receiving the CBRC's approval is an important step towards expanding our business in one of the fastest growing economies in the world," commented Glenn Stevens, CEO of GAIN Capital. "We believe the Beijing representative office will assist us in building strong relationships in China's growing financial community and help provide a strong foundation for our future strategic plans in that country."
GAIN Capital's representative office will focus on building GAIN Capital's brand in China, conducting market research on China's financial regulations and market environments and facilitating the company's relationships with Chinese financial institutions.
The CBRC is the primary banking regulator in China, supervising banks and non-bank institutions and their business operations within the country.
GAIN Capital's Beijing office will be located at the Central International Trade Center. The office will extend GAIN Capital's presence in the Asia-Pacific region, which currently includes offices in Hong Kong, Sydney, Singapore, Tokyo and Seoul.
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.
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.
All trade names are the property of their respective owners.
SOURCE GAIN Capital Holdings, Inc.