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
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
ICDX is the first Indonesian exchange to receive regulatory approval from
Indonesia's Commodity Futures Trading Regulatory Agency (COFTRA) to offer
"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
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
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
For company information, visit www.gaincapital.com .
Contact: Media, Christopher Mittendorf, Edelman for GAIN Capital,
+1-212-704-8134, email@example.com; or Investor Relations, Hugh Collins, MBS
Value Partners, +1-212-223-4632, firstname.lastname@example.org
Press spacebar to pause and continue. Press esc to stop.