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Alicia Brown
GAIN Capital
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For Immediate Release
GAIN Capital Links with FX Technologies from FlexTrade and Traiana
New integrations provide GAIN’s institutional clients with greater access to algorithmic FX trading and automated post-trade services
BEDMINSTER, N.J. –September 16, 2008 - GAIN Capital Group, a global provider of retail and institutional foreign exchange (forex) trading services, today announced two new technology integrations designed to provide enhanced support for algorithmic trading and streamlined FX prime brokerage services for institutional customers. GAIN is now a liquidity provider to FlexTrade Systems’ FlexFX platform, which provides robust algorithmic trading capabilities, and has also connected to Traiana’s Harmony prime brokerage network. These new integrations, aimed at institutional clients such as hedge funds and investment managers, will build upon the existing technology relationship established between FlexTrade and Traiana in 2006.
“The integration of GAIN’s trading platform with FlexTrade’s FlexFX and Traiana’s Harmony Network demonstrates our commitment to serving the needs of the institutional FX market,” said Tom Levine, vice president of institutional sales for GAIN Capital. “Linking GAIN’s trading platform directly into these innovative, best-of-breed FX tools directly addresses the growing appetite for FlexTrade’s algorithmic trading and leverages the wide market acceptance of Traiana’s Harmony Network for automating post-trade services,” added Mr. Levine.
FlexTrade, the leader in broker-neutral algorithmic execution management systems, now offers direct access to GAIN’s streaming price feed through FlexFX, providing users with a new liquidity source for their FX transactions. Clients using FlexTrade’s algorithmic trading systems enjoy a complete STP connection to the Traiana Harmony prime brokerage network.
Traiana’s Harmony Network is used by over 50 of the world's leading financial market participants and has become the market standard for post-trade processing of foreign exchange transactions. By connecting to the Traiana Harmony network, GAIN’S institutional clients and prime brokerage trading partners benefit from automated FX trade processing, including accurate, automated give-up notification and confirmation and seamless, straight through clearing and settlement.
Availability
GAIN has completed the necessary integration work, and is now established as a liquidity provider to FlexTrade Systems’ FlexFX platform, and has also connected to Traiana’s Harmony prime brokerage network.
About GAIN Capital Group, LLC
GAIN Capital is a market leader in the rapidly growing online foreign exchange (forex or FX) industry. Founded in 1999 by Wall Street veterans, GAIN now services clients from more than 140 countries and supports average trade volume in excess of $200 billion per month with its customers and trading partners.
GAIN Capital provides execution, clearing, custody, and technology products and services, supporting over 50 correspondent and white label arrangements with broker/dealers, Futures Commission Merchants (FCMs) and other financial services firms around the globe. The company also operates FOREX.com (www.forex.com), one of the largest, best-known brands in the retail forex industry.
With offices in New York City; Bedminster, New Jersey; and London; GAIN Capital and its affiliates are regulated by the Commodity Futures Trading Commission (CFTC) in the U.S. and the Financial Services Authority (FSA) in the United Kingdom. For company information, visit www.gaincapital.com, or for trading information, visit www.forex.com.
About FlexTrade Systems, Inc.
Founded in 1996, FlexTrade Systems Inc. is the industry pioneer and global leader in broker-neutral algorithmic trading platforms and execution management systems for equities, foreign exchange and listed derivatives. FlexTRADER, our flagship platform for algorithmic trading, is widely viewed as unique in the industry for its high performance and multi-asset capability. With offices in North America, Europe and Asia, FlexTrade has a worldwide client base spanning more than 120 buy- and sell-side firms, including many of the largest investment banks, hedge funds, asset managers, commodity trading advisors and institutional brokers. Clients include Bank of America, Bank of New York, Barclays Global Investors, Jefferies & Company, Inc., Sanford C. Bernstein & Co., LLC, UBS Global Asset Management and Wachovia. For more information, visit FlexTrade Systems at www.flextrade.com.
About Traiana
Traiana Inc. (www.traiana.com), an ICAP company, provides global banks, broker/dealers, buy-side firms and e-trading platforms with solutions to automate post trade processing of financial transactions. Traiana's Harmony network is used by over 50 of the world's leading financial market participants and has become the market standard for post-trade processing of foreign exchange transactions.
Traiana's prime brokerage software solution, TRM, is used by market leading prime brokers for the automation of their foreign exchange and derivatives prime brokerage business. Traiana's solutions help to improve relationships between trading partners, reduce operational risk, and to lower costs. Traiana is headquartered in New York City with offices in London and Tel Aviv.
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