GAIN Capital's FOREX.com Adds New Pricing Comparison With Third Party FX Rate Feed
NEW YORK,
LONDON, and
SYDNEY,
Aug. 18, 2011 /PRNewswire/ -- GAIN Capital Holdings, Inc. (NYSE: GCAP), a global provider of online trading services, now offers live comparison data demonstrating the accuracy of its pricing relative to the larger OTC FX marketplace.
The price information is now available at FOREX.com®, GAIN's retail division, and compares the midpoint for each of FOREX.com's most widely traded currency pairs to that of GTIS, an independent FX rate feed from Interactive Data Corporation.
"Increasingly, retail FX traders expect pricing transparency. FOREX.com's benchmarking to GTIS prices is a bold move in that direction," said Javier Paz, Aite Group, Senior Analyst. "Even the largest institutions are sometimes not afforded as much pricing transparency as what FOREX.com is offering to its retail customers."
"GTIS is an excellent proxy for the larger FX market as it represents the best bid and offer from over 150 global contributors in the U.S., Europe and Asia Pacific, including many of the world's leading banks," said Glenn Stevens, GAIN Capital's CEO. "When evaluated alongside FOREX.com's published typical and live spreads, the GTIS comparison add a new dimension to our already robust pricing information."
In addition to providing some of the industry's most detailed statistics on pricing, FOREX.com has also taken a leadership position on publishing trade execution statistics. Since January 2011, FOREX.com has been releasing monthly Execution Scorecards, with year to date information available at http://www.forex.com/pricing-execution-scorecard.html. For the seven month period of January to July 2011:- FOREX.com executed 99.6 percent of all trades in less than one second;
- Had an average execution speed of .08 seconds;
- Price improved 71.5 percent of all limit orders; and
- Successfully executed 99.6 percent of all valid trade requests.
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