NEW YORK and LONDON and TOKYO, Sept. 28, 2016 /PRNewswire/ -- GTX, the institutional foreign exchange trading arm of GAIN Capital Holdings Inc., will launch a new matching engine for its flagship ECN in London October 15, 2016. A Tokyo-based matching engine is planned to come online within 90 days.
At launch, liquidity on the LD4 matching engine will be supplied by more than 10 leading bank and non-bank liquidity providers.
The new matching engines, along with GTX's existing matching engine in New Jersey, can all be accessed by clients connected to any of the locations. Clients may choose whether to interact only with local liquidity for faster response time, or to obtain best price and depth against the global order book. Further, GTX's global order book structure will help satisfy best execution mandates for asset managers and other market participants subject to them.
"We are thrilled to launch new data centers in London and Tokyo," said Vincent Sangiovanni, CEO, GTX Bermuda Ltd. "These launches will enable us to better serve our growing, global clientele, but also do so through a single global order book, which is ideal for the vast majority of our asset manager and bank buy-side clients as well as our bank and non-bank liquidity providers."
GTX's ECN is optimized for buy-side clients to trade on the best available prices with ongoing, active monitoring of trade matches and execution quality. This paradigm enables pricing from regional matching engines to be consolidated into a central order book.
GTX's current matching engine is housed in Equinix's NY4 data center. The new matching engines are housed in the company's LD4 and TY3 data centers respectively.
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.
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SOURCE GAIN Capital Holdings, Inc.