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…
Read moreGTX, the institutional FX arm of retail forex broker Gain Capital Holdings Inc (NYSE:GCAP), has reported that July FX volumes decreased by 13% MoM from June levels, coming in at $10.5 billion ADV. In the 'big picture', however, July was still a fairly good month at GTX - remember that June's volumes were up 24% MoM…
Read moreIt was results week in Forex Industry News at LeapRate, with a number of leading brokers in the UK giving us a glimpse at their financial performance over the past few months, as well as an update on how things have been going quite recently, including the wild pre and post Brexit period. And most of…
Read moreCFTC data from US retail forex brokers is out for May, showing a surprising across-the-board pickup in activity at the leading brokers in the country. Overall, forex assets rose 5% to $516.2 million in May, after April saw the industry total fall below $500 million for the first time in several years. Each of the…
Read moreForex Industry News this week was again headlined by several stories seen exclusively on LeapRate (some of which were later copied on other blogs). There was definitely a UK focus to our coverage this week. LeapRate broke the news of FCA and ASIC regulated retail forex broker ThinkForex rebranding its operations to ThinkMarkets, including the launch of a…
Read moreLeapRate Exclusive... LeapRate has learned via regulatory filings made by a subsidiary of Gain Capital Holdings Inc (NYSE:GCAP) that the company's long-serving regional director in the UK and COO of Gain Capital / Forex.com UK Matthew Wright has left the company. Mr. Wright's departure was effective June 30. The 44-year old Wright was one of…
Read moreGTX, the institutional FX arm of retail forex broker Gain Capital Holdings Inc (NYSE:GCAP), has reported that June FX volumes increased by 24% MoM from May levels, thanks in part to the Brexit-driven volatility in the last week of June. GTX saw record FX volumes of $24 billion on 'Brexit Friday'. ECN and SEF trading at…
Read moreContinuing our reporting on record FX trading volumes seen at institutional eFX platforms on Friday after the Brexit vote sent the currency markets is a tizzy, Gain Capital Holdings Inc (NYSE:GCAP) has reported that GTX, its institutional foreign exchange trading arm, set a record trading volume of $24.2 billion (single count) on Friday June 24, 2016.…
Read moreRetail forex broker Gain Capital Holdings Inc (NYSE:GCAP) has issued a statement at the opening of US equity markets trading at 2:30pm BST, indicating that it has not been adversely affected as a result of today's market volatility following the UK's decision to leave the EU. The Gain Capital statement reads as follows: GAIN Capital Statement…
Read moreLeapRate Exclusive... LeapRate has learned that longtime Forex industry executive Ashraf Ebid has joined FCA regulated retail forex broker Global Market Index Limited (or GMI) as its new CEO. GMI was co-founded by Chinese entrepreneur Jeff Chao, who is the firm’s current President. GMI started its brokerage services in 2009 with a heavy focus on the Asia…
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