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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
"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.
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
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.