Gain Capital has launched a new execution desk to supplement its institutional ECN, Gain GTX.
GAIN GTX clients now have 24-hour access to an experienced FX team that will assist them in pricing and executing transactions in the GTX marketplace. The desk will cover all aspects of the FX markets including spot, swaps, non deliverable forwards and options.
The execution desk will be led by Ross Taylor, who was most recently head of FX sales at Natixis. Prior to that he was at Bear Stearns, where he helped develop many of aspects of its FX prime brokerage and agency execution models. He reports to Vincent Sangiovanni, chief operating officer of Gain GTX and will manage a team of professionals with an average of more than twenty years in the FX markets.
Sangiovanni says, “The Gain GTX execution desk is an excellent complement to the online trading capabilities of the platform. While many of our clients exclusively access the liquidity of GTX marketplace online, other clients, on occasion, require the help of a professional desk, whether it be for swaps, option structures or attentive treatment of their orders, as well as timely market updates and commentary.”
Earlier this year Gain Capital launched an FX prime brokerage service, GTX Direct, which allows investors to leverage Gain Capital’s central clearing facilities without an existing FX PB relationship (P&L’s Squawkbox, 30 May 2011).
Glenn Stevens, chief executive officer of Gain Capital, says, “The FX market is highly focused on technology, algorithms and efficiency, but there is still a need for the human touch. As a company, we will continue to invest in both people and technology to ensure that we remain a leader in foreign exchange trading.”
… Upgrades ForexTrader Pro Platform
Meanwhile, Gain Capital’s Forex.com has launched a new version of its ForexTrader Pro platform with upgraded features for active traders.
The upgrade includes improved automated trading strategies, research and decision making tools, and enhanced charting functionality with an updated interface.
A ‘strategy centre’ has also been introduced for traders to create their own custom trading strategies; the research section now includes integrated third-party research as well as pattern recognition tools from Autochartist and Trading Central.
Glenn Stevens, CEO at Gain Capital, says,“The new ForexTrader Pro demonstrates our ongoing commitment to our active trader community who provided invaluable feedback that helped us make our award winning platform an even more effective trading tool.”
The firm has also created a web version for PC and Mac users. Stevens says, “With the new web-based version of ForexTrader Pro, we’ve combined the power of our desktop application with the accessibility of a web browser to give our active trader customers more choice in how they access their accounts. Mac compatibility is another important feature for our customers.”