Forex Industry News was highlighted this week by a number of senior FX executive moves, all of which were reported exclusively or first at LeapRate. Who is the new CEO at GKFX? Where did former NetDania CEO Jonas Nielsen move to? Which institutional FX B2B firm did AMB Prime executive Paul Orford join? Who is…
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The name GTX has been associated for years with parent GAIN Capital Holdings Inc (NYSE:GCAP). And so the news late last month of GTX being sold for $100 million to Deutsche Boerse AG's 360T unit came of something of a surprise to many in the FX world - especially as GTX just announced its best-ever month for…
Read moreJust two days after announcing that it had been acquired by Deutsche Boerse's 360T for $100 million, institutional FX platform GTX has reported its best-ever month, setting record trading volumes in May 2018. May’s average daily volume at GTX ECN of $16.8 billion exceeded the previous $16.1 billion record set in February this year. Total…
Read moreFX brokerage group Gain Capital Holdings Inc (NYSE:GCAP) has made a surprise move by exiting the institutional FX business, announcing that it reached a definitive agreement to sell the company's GTX ECN business. GTX, an institutional platform for trading foreign exchange, will be sold to Deutsche Boerse AG (FRA:DB1), a leading diversified exchange organization providing…
Read moreFollowing three months of strong FX trading volumes to start off the year, GTX – the institutional FX arm of retail forex broker Gain Capital Holdings Inc (NYSE:GCAP) – has reported that activity slowed somewhat during the month of April 2018. GTX reported $306.5 billion of total trading activity in April between its ECN and SEF…
Read moreGTX, the institutional FX arm of retail forex broker Gain Capital Holdings Inc (NYSE:GCAP), has just announced that Henry Durrant has joined GTX as Director, Liquidity Management, effective April 19, 2018. GTX’s liquidity management team optimizes liquidity for clients prior to them going live on the ECN and on an ongoing basis thereafter. Durrant joins…
Read moreFollowing two consecutive months of record FX trading volumes to start off the year, GTX – the institutional FX arm of retail forex broker Gain Capital Holdings Inc (NYSE:GCAP) – has reported that it continued its strong Q1 with another stellar month in March. GTX reported $374.6 billion of total trading activity in March between its…
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GTX, the institutional FX arm of retail forex broker Gain Capital Holdings Inc (NYSE:GCAP), has reported that May trading volumes in its system increased slightly from April, although they didn't quite reach the record volumes GTX reported in March. GTX saw total trading volumes of $306.5 billion in May, or $13.3 billion ADV, versus $280.7…
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LeapRate Exclusive Interview... It would be an understatement to offer that the Q1 results recently announced by Forex brokerage house Gain Capital Holdings Inc (NYSE:GCAP) were disappointing. Revenues were down nearly 50% from the previous quarter. Revenues from retail clients were down 60%. The company posted a $19 million loss. Was this a one-time anomaly, or…
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Like GTX, the institutional FX arm of retail forex broker Gain Capital Holdings Inc (NYSE:GCAP), the Tokyo Financial Exchange (TFX) just announced its March volumes and, considering the low start of the year, numbers are finally going up for them. The trading volume of Three-month Euroyen futures was 266,249 (+175.5% MoM / +4.7% YoY) and…
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