Another piece of news from GAIN Capital Holdings Inc. (NYSE: GCAP) we learned that GTX, the institutional foreign exchange trading arm of GAIN and Nightberg, an independent macro strategy firm founded by former hedge fund strategists, are partnering to distribute Nightberg’s full suite of investment research to institutional FX traders.
The product will be provided on a complimentary basis to clients of GTX’s registered swap dealer, which offers agency execution services for swaps, options, forwards, non-deliverable forwards and other products in G10 and emerging market currencies.
Mario Manna, co-founder of Nightberg, commented:
We are excited to work with GTX to provide flexible access to our investment research. Both Nightberg and GTX are active in the global macro hedge fund and broader asset manager space and we see an excellent opportunity to work together to provide value to clients.”
Nightberg’s macro investment research blends fundamental economic intelligence with comprehensive market intelligence in order to identify three to four systemic, impactful investment themes a year. The firm’s two weekly research products, Sunday Observer and Country Reports, are designed to meet this objective through timely reflections on the incremental changes in the global macroeconomic and investment landscape.
David O’Connor, Managing Director, GAIN GTX LLC, added:
Providing Nightberg’s cutting edge research to our swap dealer clients is consistent with our goal to help clients effectively seize opportunities and avoid risks in the market. The execution expertise and advice on market conditions we provide to clients dovetails perfectly with Nightberg’s unique investment research and strategy offering.”