Aug. 1, 2013
/PRNewswire/ -- GAIN Capital Holdings, Inc. (NYSE: GCAP), a global provider of online trading services, announced today the appointment of
as Managing Director and Head of EMEA GTX Sales.
will be responsible for growing GTX, GAIN Capital's institutional business, in
and Africa. He will report directly to Executive Vice President and Head of GTX,
, and will begin his new role in GTX's
"Peter is an accomplished and talented banking professional who is moving to the FX ECN business at a time when the global foreign exchange industry is undergoing many exciting changes," said GAIN Capital Executive Vice President and Head of GTX,
. At GTX,
will specifically be responsible for growing the institutional client base and ECN volumes, and building out the EMEA sales team.
Previously, Mr. Cronin was Head of EMEA e-Commerce at UBS Investment Bank, where he managed a 16-person sales team situated in
and the United Kingdom. Mr. Cronin joined UBS in 2000, and during his 13 years tenure held senior roles focused on developing the bank's e-Commerce business.
"I'm proud to be joining one of the fastest growing FX ECNs in the industry," said
. "GTX is focused on creating and sustaining a balanced marketplace for FX trading where market participants can obtain quality executions and reap other benefits from the company's next-generation liquidity management technologies. I look forward to expanding the GTX business in
, and will draw upon my previous accomplishments in fulfilling this mandate."
, GTX reported average daily institutional volume of
, an increase of 10% from
and 137% from