"We are thrilled to have Ed join our team, especially at this key time when regulation is reshaping the FX markets," said Vincent Sangiovanni, Director, GTX SEF, LLC. "We look forward to supporting clients with the SEF and other solutions to enable them to compete effectively in the new trading paradigm."
GTX launched its SEF in 2013 at the request of clients seeking to trade non-deliverable forwards (NDFs) on a CFTC compliant platform. It was granted full SEF registration in May 2016 after operating under temporary registration status for over two years.
"I am excited to be joining the GTX team and work with both clients and staff to deliver highly innovative and intuitive solutions for the evolving FX trading, clearing and regulatory landscapes," said Mr. Brown. "GTX's unique ecosystem of electronic trading venues and voice agency execution services provides tremendous value to institutional FX traders and I look forward to driving the business forward."
In addition to SEF and ECN electronic venues, GTX provides anonymous, "voice" agency execution services through GAIN GTX LLC, a US CFTC provisionally registered swap dealer.
GTX operates electronic trading venues and provides agency execution and clearing services for buy and sell-side institutional FX market participants.
GTX provides an array of electronic and voice trading solutions through its various entities including an ECN, prime services, a Swap Execution Facility for NDF trading, and a Registered Swap Dealer, which facilitates trade executions on an agency basis. Clients include banks, hedge funds, CTAs, fund managers, proprietary traders, brokers, and algorithmic trading firms.
For more company information, visit www.gaingtx.com.
About GAIN Capital
GAIN Capital (NYSE: GCAP) provides market access and trade execution services to a diverse client base of retail and institutional investors across a range of exchange-traded and OTC markets. Founded in 1999, the company today supports customers in over 180 countries via several globally recognized brands, including FOREX.com, City Index and GTX.
GAIN Capital is headquartered in Bedminster, New Jersey, with a global presence across North America, Europe and the Asia Pacific regions.
For more company information, visit www.gaincapital.com.
Logo - http://photos.prnewswire.com/prnh/20130726/NY53647LOGO-a
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/gtx-hires-edward-brown-to-run-swap-execution-facility-300366089.html
SOURCE GAIN Capital Holdings, Inc.