GAIN Capital Hires Joseph Wald to Lead Institutional Business
NEW YORK, LONDON and SINGAPORE, Jan. 17, 2013
-- Former managing director at Knight Capital Group will oversee GTX's growth
NEW YORK, LONDON and SINGAPORE, Jan. 17, 2013 /PRNewswire/ -- GAIN Capital
Holdings, Inc. (NYSE: GCAP), a global provider of online trading services,
announced today the appointment of Joseph Wald as Executive Vice President,
Head of Institutional. Joe will be responsible for leading GTX, GAIN
Capital's institutional business. He will report directly to CEO Glenn
Stevens and will be based in GTX's New York offices.
"Joe is a talented visionary with the proven ability to grow trading volumes
and build innovative product and service offerings for leading institutional
platforms," said Glenn Stevens, GAIN Capital CEO. "Institutional trading is
an important part of our growth strategy and having Joe lead this part of the
business will help us build on the success we've had to date, and achieve our
goal of becoming a market leading ECN in the FX space."
Joe was most recently head of Knight Direct, Knight Capital Group's
institutional electronic trade execution business. Prior to Knight Capital
Group, he was co-founder and CEO of EdgeTrade, a pioneering firm that served
as an agency brokerage and developer of algorithmic trading and direct market
access software for equity markets. EdgeTrade was acquired by Knight Capital
Group in 2008. Joe holds a B.S. in Business, Management and Finance from
"Performance and innovation are crucial to the institutional FX space, given
the significant number of competing venues and platforms," said Joe Wald.
"I'm looking forward to leveraging almost 20 years of experience in the
equity world to bring a new level of innovation to the institutional FX space
and help differentiate GTX from the competition."
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 to
a diverse client base of retail and institutional investors.
GAIN's businesses include FOREX.com, which provides retail traders around the
world access to a variety of global OTC financial markets, including forex,
precious metals and CFDs on commodities and indices; GTX, a fully independent
FX ECN for hedge funds and institutions; OEC, an innovative online futures
broker; andGAIN Securities, Inc.(member FINRA/SIPC), a licensed U.S.
GAIN Capitalis headquartered inBedminster, New Jersey,with a global
presence across North America, Europe and the Asia Pacific regions. For
further company information, visit www.gaincapital.com .
Contact: For GAIN Capital: Mike Geller, Edelman Financial, +1-212-729-2163; or
Chris Mittendorf, Edelman Financial, +1-212-704-8134, email@example.com
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