SINGAPORE and TOKYO, Nov. 16, 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 Tokyo January 31, 2017. At launch, the Tokyo matching engine completes the firm's global network rollout, which included the launch of a new matching engine in London on October 17th.
The new matching engine, along with those local to New York and London, 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.
The Tokyo matching engine will be supported by a dozen leading liquidity providers when it launches.
"The launch of our Tokyo matching engine underscores our commitment to provide the best possible market access to our growing Asian clientele," said Vincent Sangiovanni, CEO, GTX Bermuda Ltd. "We look forward to providing lower latency market access to our current clients and serving new ones, who prefer trading on a local matching engine."
Liquidity on GTX's ECN is optimized for buy-side clients enabling them to trade on the best available prices with ongoing, active monitoring of trade matches and execution quality. This process ensures orders from regional matching engines can be effectively consolidated into the ECN's global central limit order book.
GTX's current matching engines are in Equinix's NY4 and LD4 data center respectively. The new matching engine is in the company's TY3 data center.
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.
SOURCE GAIN Capital Holdings, Inc.