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GAIN Capital Launches GTX Direct, An FX Prime Brokerage Service For Professional Traders

BEDMINSTER, N.J., May 23, 2011 /PRNewswire/ -- GAIN Capital Holdings, Inc. (NYSE: GCAP), a global provider of online trading services, announced today the launch of GTX Direct, the new prime brokerage service offering for its electronic communications network (ECN) for institutional and high net worth investors.  

GTX Direct allows qualified investors without an existing FX prime brokerage relationship to leverage GAIN Capital's central clearing facilities in order to access the liquidity available in the GAIN GTX marketplace.  Previously, only clients with existing bank FX prime brokerage relationships could access the best available pricing in the marketplace.  

"GTX Direct is a unique service that addresses the needs of individuals and institutions who are looking for a more diverse pool of liquidity," said Vincent Sangiovanni, chief operating officer, GAIN GTX. "Now, clients can leverage GAIN Capital's longstanding FX trading relationships to trade on all prices in the GTX marketplace, whether from participating banks or other clients, with the added advantage of a short account opening process. Our ability to provide clients with security and transparency of their assets in segregated accounts further enhances the GTX Direct offering," added Mr. Sangiovanni.

GTX Direct is the latest development for GAIN Capital's institutional business, which has experienced strong client and volume growth since its launch in early 2010.  In less than one year, GTX has attracted a deep pool of liquidity providers, including a network of 10 prime brokers and a diverse client base of buy-side traders.

Today, GAIN GTX offers liquidity in more than 50 currency pairs, with precious metals to be added in the next several months. Earlier this year, GAIN GTX expanded its London presence and opened a new office in Singapore to better serve clients in the Asia Pacific region.

About GAIN GTX

GAIN GTX is a fully independent FX ECN featuring advanced execution and order management capabilities, powered by a sophisticated credit engine.  The technology allows users to trade with all GTX participants, not just the traditional liquidity providers, providing a true client-to-client trading experience.   GTX also features robust algorithmic trading capabilities, enabling clients to develop and implement a wide range of buy- and sell-side trading strategies using GTX's Java or FIX-based APIs.  GAIN GTX is also a powerful aggregation tool for the pooling of liquidity into a single user interface.  GTX aggregates streaming executable prices from multiple liquidity sources and automatically displays the best price available, helping to optimize liquidity and ensure best execution.

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