Gain Capital Unveils FX Prime Brokerage Service
New York-based Gain Capital, a provider of online trading services, has launch GTX Direct, a new prime brokerage service for its electronic communications network (ECN) aimed at institutional and high net-worth investors.
GTX Direct allows investors without an existing FX prime brokerage relationship to use Gain's central clearing facilities in order to access the liquidity available in the Gain GTX marketplace. Previously, only clients with existing bank FX prime brokerage relationships could access the best available pricing in the marketplace.
Gain GTX offers liquidity in more than 50 currency pairs, with precious metals to be added later this year, according to Gain Capital.
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