Gain Capital has launched an FX prime brokerage service, GTX Direct, for professional traders. The new prime brokerage service will be offered across Gain Capital’s ECN for institutional and high net worth investors.
Gain says GTX Direct allows qualified investors without an existing FX prime brokerage relationship to leverage the firm’s central clearing facilities in order to access the liquidity available in its GTX marketplace. Previously, only clients with existing bank FX prime brokerage relationships could access that pricing.
Chief operating officer of Gain GTX, Vincent Sangiovanni, says, “Now, clients can leverage Gain Capital’s longstanding FX trading relationships to trade on all prices in the GTX marketplace, whether from participating banks or other clients, with the added advantage of a short account opening process. Our ability to provide clients with security and transparency of their assets in segregating accounts further enhances the GTX Direct offering.”