GAIN Capital Group Named to Deloitte's Technology Fast 50 List for Fifth Consecutive Year
Steph Johnson / Christa Conte
Feintuch Communications for GAIN Capital
(212) 808-4904/ (212) 808-4902
For Immediate Release
GAIN Capital Group Named to Deloitte’s Technology Fast 50 List for Fifth Consecutive Year
BEDMINSTER, N.J., November 10, 2008 – GAIN Capital Group, a market leader in the online foreign exchange (forex or FX) industry, has been named to Deloitte's Technology Fast 50 Program list of fastest-growing companies for the fifth consecutive year.
GAIN Capital, which owns the popular FOREX.com web site for retail foreign currency trading, posted a revenue increase of 849 percent from 2003 to 2007, which placed GAIN at #43 in the 2008 Technology Fast 50 for the New York, New Jersey and Connecticut region.
“GAIN’s core mission – to provide our customers with an advanced forex trading platform complete with robust tools and services – continues to be the catalyst for our sustained growth,” said GAIN Capital Group CEO Glenn Stevens. “By utilizing our proprietary technologies, coupled with a sharp focus on constantly improving the customer experience, GAIN continues to enjoy the global growth of both our FOREX.com retail brand and our institutional business,” added Mr. Stevens.
Deloitte’s Technology Fast 50 Program is a yearly ranking of the 50 fastest growing technology, media, telecommunications, and life sciences companies in the New York metro area, and is compiled by Deloitte LLP, one of the nation’s leading professional services organizations. Rankings are based on each company’s percentage of revenue growth over the five year period from 2003–2007.
Companies from the regional Technology Fast 50 programs in the United States and Canada are automatically entered in Deloitte’s Technology Fast 500 program, which ranks North America’s top 500 fastest growing technology, media, telecommunications and life sciences companies. The Technology Fast 500 list will be announced in November 2008. For more information on Deloitte’s Technology Fast 50 or Technology Fast 500 programs, visit www.fast500.com.
Forex is the most traded market in the world, with a daily volume that exceeds $3.2 trillion as of April 2007, according to the Bank for International Settlements (BIS).
Among retail investors, forex trading has gained widespread acceptance over the past several years. According to U.S. research firm Aite Group, average daily trade volume in the retail forex market alone increased 500 percent from 2001 to 2006, reaching an estimated $77 billion per day in 2007*. To learn more about the company or to open a free forex practice account, visit www.forex.com.
(*) Source: Aite Group, Retail FX: Taking Center in Overall Market Growth, 7/16/2007
About GAIN Capital
GAIN Capital is a market leader in the rapidly growing online foreign exchange (forex or FX) industry. Founded in 1999 by Wall Street veterans, GAIN now services clients from more than 140 countries and supports average trade volume in excess of $200 billion per month with its customers and trading partners.
GAIN Capital provides execution, clearing, custody, and technology products and services, supporting over 50 correspondent and white label arrangements with broker/dealers, Futures Commission Merchants (FCMs) and other financial services firms around the globe. The company also operates FOREX.com (www.forex.com), one of the largest, best-known brands in the retail forex industry.
With offices in New York City; Bedminster, New Jersey; and London; GAIN Capital and its affiliates are regulated by the Commodity Futures Trading Commission (CFTC) in the U.S. and the Financial Services Authority (FSA) in the United Kingdom. For company information, visit www.gaincapital.com, or for trading information, visit www.forex.com.
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