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 trading volumes in May 2018. As an eligible client, you can leverage GAIN Capital's prime-of-prime soluion, GTX Direct, to access GTX liquidity as market participants with prime brokers do. with special focus on electronic trading, banking, and investing.Copyright © 2020 "Finance Magnates Ltd." All rights reserved. Another way to prevent getting this page in the future is to use Privacy Pass. Major exchanges around the globe have been venturing deeper into foreign exchange for years now after BATS acquired Hotspot in 2015 and Euronext took over Fastmatch last May. Your IP: 109.95.152.214 • 2016 Products that are traded on margin carry a risk that you can lose more than your initial deposit. We examine why it could well form an almost monopolistic environment in the United States retail FX market, Hornblowing by the old guard appears to be the latest means of attempting to gain a seat in the very upper echelons of the OTC world. ©document.write(new Date().getFullYear()) Receive direct market access to a diverse mix of inter-bank and multi-source liquidity from 50+ providers; tailored specifically to optimize your execution . Forex, Futures, Options on Futures, CFDs and other leveraged products involve significant risk of loss and may not be suitable for all investors. You may need to download version 2.0 now from the Chrome Web Store. We have built a deep network of over 30 liquidity providers, allowing us to pass on tight spreads and competitive margins to our retail and institutional customers through our platform, mobile apps and API. Completing the CAPTCHA proves you are a human and gives you temporary access to the web property. Join to Connect. “We are very pleased to have built GTX into a successful, high-demand institutional business over the past eight years,” said Glenn Stevens, Chief Executive Officer of GAIN Capital. As of 2017, the unit had 700 unique users netting to GAIN about 10% of the Company’s total revenue and 14 percent of its EBITDA. FX 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. Spot Gold and Silver contracts are not subject to regulation under the U.S. Commodity Exchange Act. We carefully match our buyer's trading styles with the right types and sources of liquidity, delivering you with the best possible combination of liquidity and execution quality. © 2020 FinanceFeeds Limited. GAIN Capital's online trading brands deliver competitive pricing, reliable trade execution and innovative trading, Access ECN liquidity without a prime broker. As an eligible client, you can leverage GAIN Capital's prime-of-prime soluion, GTX Direct, to access GTX liquidity as market participants with prime brokers do. GAIN Capital has been providing forex services since 1999 and has evolved into one of the largest retail forex market makers in the world. The price is of not less than $7.24 nor greater than $7.94 per share of common stock. GTX is an independent ECN operated by GAIN Capital that allows your orders to interact with liquidity provided by a diverse mix of global banks, hedge funds, retail brokers and professional traders. • In line with GTX SEF’s request, the CFTC order revokes GTX SEF’s registration effective December 30, 2018. GAIN Capital operates retail foreign exchange and CFD trading brands, FOREX.com and City Index as well as GTX, a fully independent FX ECN, a multi-dealer foreign exchange trading platform, for hedge funds and institutions. GAIN Capital Group LLC is … Completing the CAPTCHA proves you are a human and gives you temporary access to the web property. Both City Index and FOREX.com offer tight spreads, low margins and a choice of award-winning platforms and apps. We do not store your information and we do not disclose our sources. GAIN Capital Group LLC is a wholly-owned subsidiary of StoneX Group Inc. GAIN Capital Group LLC is a wholly-owned subsidiary of StoneX Group Inc. This site uses cookies. Gain Capital. Finance Magnates is a global B2B provider of multi-asset trading news, research and events GAIN Capital Group, LLC is a registered FCM and RFED with the CFTC and member of the National Futures Association (NFA #0339826). GAIN Capital Holdings Inc is a wholly-owned subsidiary of StoneX Group Inc. All references to 'GAIN Capital' or 'FOREX.com' on this site refer to GAIN Capital Holdings Inc and its consolidated subsidiaries. Pass on better pricing to your customers, or boost your own FX pricing by accessing deep liquidity via API, MT4 bridge or an institutional trading account. GAIN Capital provides active traders and institutions with exceptional liquidity, technology and service to trade global markets. View the full risk disclosure. If you are at an office or shared network, you can ask the network administrator to run a scan across the network looking for misconfigured or infected devices. For full year 2017, GAIN’s institutional business represented approximately 10% of the Company’s total revenue and 14% of EBITDA. your password. Whether you consider yourself a novice or an expert, prefer to work closely with a futures broker or not, we can provide you with a futures account to suit your trading needs. GAIN Capital began as a forex provider in 1999, and has a wide range of solutions to enhance your access to the FX market. 360T itself got acquired by Deutsche Borse in 2015. We look forward to working closely with 360T to continue to deliver our clients with GTX’s innovative trading platform and high-quality customer service.”, Carlo Kölzer, Head of FX Deutsche Börse Group and 360T CEO said, “We are pleased to announce the acquisition of the GTX ECN business. We have built a deep network of over 30 liquidity providers, allowing us to pass on tight spreads and competitive margins to our retail and institutional customers through our platform, mobile apps and API. Join the iFX EXPO Asia and discover your gateway to the Asian Markets, Commenting on the deal, the CEO of GAIN Capital Glenn Stevens said: “We have taken this strategic step in order to focus our attention and resources on our core retail business and on using available levers to unlock shareholder value.”. The highly reputable player in the FX market is a meaningful addition not only to broaden our existing offering but also to complete our holistic value proposition designed to support all clients that operate out of all geographies and client segments based on current or potential future market structure.”. GAIN Capital expects to net $85 million from the transaction, which is expected to close in the second quarter of the year. Performance & security by Cloudflare, Please complete the security check to access. Trading is provided via one of two electronic trading platforms, its own proprietary FOREXTrader PRO, or MetaTrader 4. Find out more about our GTX Direct prime-of-prime services. GAIN Capital has been providing forex services since 1999 and has evolved into one of the largest retail forex market makers in the world. We will send instructions to reset History. *Contracts for Difference (CFDs) are not available to US residents. All Rights Reserved. • The transaction, set to close in the second quarter of 2018, is expected to result in proceeds of approximately $85 million for GAIN, net of taxes and transaction-related expenses and fees. This creates an ECN with unique FX liquidity, resulting in tight institutional spreads on over 70 currency pairs. GAIN Capital. Spot Gold and Silver contracts are not subject to regulation under the U.S. Commodity Exchange Act. GAIN explained the decision with its desire to focus on its core retail business. The parties in the transaction used the services of Jefferies LLC as an exclusive financial advisor while Davis Polk & Wardwell LLP served as legal advisor to GAIN Capital. This field is for validation purposes and should be left unchanged. The transaction, which is set to close in Q2 2018, is expected to result in proceeds of approximately $85 million for GAIN, net of taxes and transaction-related expenses and fees. Online trading major Gain Capital Holdings Inc (NYSE:GCAP) has announced that it reached a definitive agreement to sell its GTX ECN business, an institutional platform for trading foreign exchange, to Deutsche Börse Group via its FX unit, 360T. Global Head of Liquidity - Gain Capital GTX at Gain Capital Group Greater New York City Area 500+ connections. 2016 GAIN Capital Holdings Inc is a wholly-owned subsidiary of StoneX Group Inc. All references to 'GAIN Capital' or 'FOREX.com' on this site refer to GAIN Capital Holdings Inc and its consolidated subsidiaries. GAIN Capital expects to net $85 million from the transaction, which is expected to close in the second quarter of the year. Online trading major Gain Capital Holdings Inc (NYSE:GCAP) has announced that it reached a definitive agreement to sell its GTX ECN business, an institutional platform for trading foreign exchange, to Deutsche Börse Group via its FX unit, 360T. Do let us know and we'd be happy to check ourselves and fix if necessary. GAIN Capital is beginning to implement its plan of expansion. The move comes about a year after Deutsche Borse’s 360T launched an FX ECN of its own. The institutional business unit of GAIN Capital, foreign exchange electronic communications network (ECN) GTX has been sold to Deutsche Borse’s 360T. Vincent Sangiovanni, GTX CEO, said “Looking ahead, Deutsche Börse Group’s FX unit, 360T is an ideal partner for the next phase of GTX’s growth with its broad geographic distribution, complementary product set and deep knowledge of the FX space. GAIN had a solid first quarter of 2018. The company provides market access and trade execution services in foreign exchange, contracts for difference (CFDs) and exchange-based products to retail and institutional investors. LegacyFX Launches PAMM AccountsGo to article >>. From January to December, 2018 was a fast-paced year of massive change, requiring concentration and commitment from all. Our prime-of-prime service, GTX Direct, provides access to those without a prime broker. It also owns advisory CFD business, SALT Invest, and futures provider, Daniels Trading. Your IP: 159.203.0.182 Terms, Cookies and Privacy Notice. Leave your name/email (not required) if you'd like to be contacted about this story (will not be disclosed): Be it a typo or a factual error - we do our best but we are also human! Thank you for registering to Finance Magnates. If you are on a personal connection, like at home, you can run an anti-virus scan on your device to make sure it is not infected with malware. You may need to download version 2.0 now from the Chrome Web Store. Today, the business has over 150 unique clients, including banks, brokers, hedge funds, non-bank market makers, commodities trading advisors, asset managers and retail aggregators, and had over 700 unique users in 2017. We are pleased to be able to partner on this transaction with Deutsche Börse Group’s FX unit, 360T, a leading global FX venue,” Stevens explained. GAIN Capital allows retail and institutional clients to speculate on global foreign exchange markets in what is … We look forward to working closely with 360T to continue to deliver our clients with GTX’s innovative trading platform and high-quality customer service.”, The Head of FX Deutsche Börse Group and CEO of 360T, Carlo Kölzer, elaborated: “The highly reputable player in the FX market is a meaningful addition not only to broaden our existing offering but also to complete our holistic value proposition designed to support all clients that operate out of all geographies and client segments based on current or potential future market structure.”.
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