GTX, the institutional forex trading arm of the US forex brokerage Gain Capital (NYSE:GCAP), announced it is launching new matching engines for its electronic communications network (ECN) – in London and Tokyo.
The London-based engine will launch on October 15 and the Tokyo-based is planned to come online within 90 days.
Initially, liquidity on the London matching engine will be provided by more than 10 leading bank and non-bank liquidity providers.
The London and Tokyo matching engines, as well as the existing one in New Jersey, can be accessed by clients no matter of their location. Traders can choose faster response time from the local liquidity provider or best price and depth from the global order book.
“We are thrilled to launch new data centers in London and Tokyo,” said Vincent Sangiovanni, CEO, GTX Bermuda Ltd. “These launches will enable us to better serve our growing, global clientele, but also do so through a single global order book, which is ideal for the vast majority of our asset manager and bank buy-side clients as well as our bank and non-bank liquidity providers.”
GTX operates electronic trading venues and provides agency execution and clearing services for buy and sell-side institutional forex market participants. It offers electronic and voice trading through an ECN, prime services, a Swap Execution Facility for NDF trading, and a Registered Swap Dealer. Among GTX’s clients are banks, hedge funds, CTAs, fund managers, proprietary traders, brokers, and algorithmic trading firms.