GTX (Switzerland) GmbH, the Swiss institutional FX subsidiary of global forex broker Gain Capital Holdings Inc (NYSE:GCAP), has announced that it has opened a new office in Zurich to support sales to money center and regional banks as well as fund managers. The new office is headed by Antonio (Toni) Fañanas, Director, Institutional Sales. Mr.…
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Welcome to November, LeapRate readers! Where did the summer go? Beyond waving goodbye to the summer months for those of us in the northern hemisphere, November 1 also kicks off October volumes reporting for leading institutional and retail eFX venues. First out of the gate is GTX, the institutional FX arm of retail forex broker Gain…
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It has been exactly two weeks since we reported that retail forex broker Gain Capital Holdings Inc (NYSE:GCAP) had seen its shares fall to a new 52 week low, with GCAP hitting $5.70 on October 14. Well, things haven't gotten much better since then. Gain Capital, parent company of retail forex broker Forex.com and institutional brand GTX,…
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Tough times for the US based retail forex brokers. And their shareholders. Shares of Gain Capital Holdings Inc (NYSE:GCAP), parent company of retail forex broker Forex.com and institutional brand GTX, have continued to drift downward the past few months, hitting a 52 week low late last week. At Friday's close of $5.70, Gain Capital shares are…
Read moreGTX, the institutional FX arm of retail forex broker Gain Capital Holdings Inc (NYSE:GCAP), has reported that June FX volumes increased by 24% MoM from May levels, thanks in part to the Brexit-driven volatility in the last week of June. GTX saw record FX volumes of $24 billion on 'Brexit Friday'. ECN and SEF trading at…
Read moreSal Provenzano and Alberto Mellone, both with substantial FX industry expertise, have joined as Senior Institutional Salespersons in GTX’s global sales team.
Read moreLooks to be like second best institutional month ever for GCAP (to Jan 2014's $496B), nearing in on the magic $500B figure again...
Read moreUS Government shutdown meant that SEF applications remained on hold. The CFTC has announced that they will exempt Gain Capital's institutional arm GTX, as well as Mexican peso interest rate swap firm LatAm, from SEF registration for one month, until November 19 (unless, of course, each SEF's license is granted before then). The exemptions are…
Read moreCronin will expand Gain GTX institutional platform sales overseas (EMEA region). Gain Capital (Forex.com) announced that it had hired Peter Cronin to head its institutional sales business in the EMEA region for Gain GTX. At UBS, where Cronin had spent the past 13 years, he acted as Head of EMEA e-Commerce. Gain Capital institutional business has grown…
Read moreDefections begin for Knight Capital, which is being acquired by rival Getco. In what seems like a very nice pickup for Gain Capital CEO Glenn Stevens and his team, Gain has hired Knight Capital's Joe Wald to head Gain GTX, Gain's institutional FX platform. Wald had come to Knight via Knight's acquisition of the algorithmic…
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