GAIN Capital's GTX Partners with Indonesia Commodity and
Derivatives Exchange (ICDX) to offer New Exchange-Traded Currency
Contracts
BEDMINSTER, New Jersey,
Nov. 26, 2012 /PRNewswire/ -- GAIN
GTX, LLC ("GTX"), the institutional division of GAIN Capital
Holdings, Inc. (NYSE: GCAP), has signed an agreement with the
Indonesia Commodity and Derivatives Exchange (ICDX), the leading
futures exchange in Indonesia,
under which GTX will provide trading technology and liquidity
services for ICDX's new currency contracts.
ICDX is the first Indonesian exchange to receive regulatory
approval from Indonesia's
Commodity Futures Trading Regulatory Agency (COFTRA) to offer
currency products.
"This partnership is unique in that allows ICDX to offer deep
liquidity in these new currency products from day one, while also
providing them with a secure and scalable platform that supports
high trading volumes with ultra-low latency matching and post trade
capabilities," said Glenn Stevens,
CEO of GAIN Capital. "In addition, existing users of our GTX
platform will benefit significantly from their ability to access
the unique liquidity that partnering with an established
international exchange provides."
Under the terms of the agreement, GTX will connect its current
global network of institutional liquidity providers to ICDX, and
ICDX will utilize GTX's ECN technology to provide its members, and
their clients, a state of the art trading interface for price
discovery, trade execution, sophisticated order management and
algorithmic trading.
"ICDX is committed to creating a robust venue for
exchange-traded currency products in Indonesia, and our partnership with GTX
accelerates our time to market tremendously," said Megain Widjaja, Chief Executive Officer at
ICDX. "GTX offers a turn-key, highly flexible technical
solution that provides us an efficient means to access liquidity
and allows us to support the trading activity of Indonesian
institutions and investors who wish to access this important asset
class."
ICDX is scheduled to launch with 27 currency contracts in the
first quarter of 2013.
About GAIN GTX, LLC
GAIN GTX, LLC is a wholly owned subsidiary of GAIN Capital
Holdings, Inc. GTX offers highly innovative, next generation
FX electronic communications network (ECN) technology for price
discovery, manual/auto trade execution and post trade management.
The GTX marketplace boasts a deep and diverse liquidity pool,
including some of the largest banking institutions in the world, as
well as high frequency traders, hedge funds, and high net worth
individuals. For further information, visit
www.gaingtx.com.
About GAIN Capital
GAIN Capital Holdings, Inc. (NYSE: GCAP) is a global provider of
online trading services. GAIN's innovative trading technology
provides market access and highly automated trade execution
services across multiple asset classes, including Over the Counter
(OTC) forex and contracts for difference (CFDs) as well as
exchange-traded products, to a diverse client base of retail and
institutional investors.
GAIN Capital operates FOREX.com, providing retail traders around
the world with access to a variety of global OTC financial markets,
including forex, precious metals and CFDs on commodities and
indices. GAIN's other businesses include GTX, a fully independent
FX ECN for hedge funds and institutions, OEC, an innovative online
futures broker, GAIN Securities, Inc. (member FINRA/SIPC) a
licensed U.S. broker-dealer.
GAIN Capital and its affiliates have offices in New York City; Chicago; Bedminster,
New Jersey; London;
Sydney; Hong Kong; Tokyo; Singapore; Beijing and Seoul.
For company information, visit www.gaincapital.com.