GAIN Capital, a provider of online trading services, has launched GAIN GTX, an independent foreign exchange (FX) ECN that provides qualifying financial institutions, hedge funds, CTAs, high frequency traders, broker/dealers and high net worth individuals access to diverse FX liquidity sources.
GAIN said its new platform offers direct access and trade execution capabilities via streaming prices or ', width: 600, height: 400 } )">
GAIN Capital, a provider of online trading services, has launched GAIN GTX, an independent foreign exchange (FX) ECN that provides qualifying financial institutions, hedge funds, CTAs, high frequency traders, broker/dealers and high net worth individuals access to diverse FX liquidity sources.
GAIN said its new platform offers direct access and trade execution capabilities via streaming prices or Request-For-Stream (RFS) 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.
"With an eye toward expanding our already strong presence in the institutional space, we recognized a need for a dedicated liquidity venue that gives FX traders greater price transparency, instantaneous trade execution and lower transaction costs," said Glenn Stevens, CEO 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."
Key features of the GTX trading platform include an intuitive design that makes it easy to manage orders, query trades, and view deep pricing from anonymous - as well as disclosed - liquidity providers.
"There has been an incredible uptick in the adoption of algorithmic trading in the FX market," said Sang Lee, manager partner of research firm 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."
GAIN Capital Launches Foreign Exchange ECN
GAIN said its new platform offers direct access and trade execution capabilities via streaming prices or ', width: 600, height: 400 } )">
GAIN said its new platform offers direct access and trade execution capabilities via streaming prices or Request-For-Stream (RFS) 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.
"With an eye toward expanding our already strong presence in the institutional space, we recognized a need for a dedicated liquidity venue that gives FX traders greater price transparency, instantaneous trade execution and lower transaction costs," said Glenn Stevens, CEO 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."
Key features of the GTX trading platform include an intuitive design that makes it easy to manage orders, query trades, and view deep pricing from anonymous - as well as disclosed - liquidity providers.
"There has been an incredible uptick in the adoption of algorithmic trading in the FX market," said Sang Lee, manager partner of research firm 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."
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