GTX hires Hotspot FX veteran Tom Reichel as Director of Institutional Sales

GTX, the institutional foreign exchange trading arm of Gain Capital Holdings Inc (NYSE:GCAP), announced today it has hired Thomas Reichel as Director of Institutional Sales. He will be based in Chicago and report to John Miesner, Managing Director and Global Head of Sales.

GTX has been making a growth push recently. The company also recently hired a senior FX sales team from BTIG.

Tom Reichel has more than 20 years’ foreign exchange experience as both a trader and sales person. Most recently, he was Managing Director FX Sales at Hotspot FX, the eFX ECN division of Bats Global Markets Inc (BATS:BATS). Prior to joining Hotspot, he held trading roles at Kingstree Trading and Chicago Research and Trading (CRT).

“With his long experience serving proprietary trading firms, Tom is a great asset and we are pleased to welcome him to the GTX team,” said Miesner. “He joins us at a pivotal time when non-bank liquidity providers have proven their mettle providing FX liquidity on a day-to-day basis as well as during times of market stress.”

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