Gain Capital, a provider of online trading services, has launched a foreign exchange trading platform that provides qualifying financial institutions, hedge funds, CTAs, high frequency traders, broker/dealers and high net worth individuals access to FX liquidity sources.
Gain’s GTX trading platform is a fully anonymous trading environment that offers direct access and trade execution capabilities via streaming prices or request-for-stream with a transparent view of both price and order book depth.
The company’s two main solutions are GTX Prime to Prime, for companies with pre-existing credit with a prime broker, and Gain Capital Direct Prime, for those without pre-existing relationships.
"There has been an incredible uptick in the adoption of algorithmic trading in the FX market," says Sang Lee, manager partner, Aite Group. "In light of continuous market structure changes and increasing participation of non-bank customers segments in the institutional FX market, plenty of opportunities exist for a new FX ECN with built-in flexibility and compelling value added functionality."
"With an eye toward expanding our already strong presence in the institutional space, we recognised a need for a dedicated liquidity venue that gives FX traders greater price transparency, instantaneous trade execution and lower transaction costs," adds Glenn Stevens (pictured), chief executive of Gain Capital. "GTX puts the power of customization and automation onto a professional-grade platform built with the sophisticated institutional FX trader in mind."
Gain GTX’s offering provides an open architecture allowing traders to integrate orders, trades, pricing, as well as back office systems. Additional benefits include extensive reporting functionality with the ability to import and export from Excel and integration with Traiana’s Harmony.
