Gain Capital’s GTX Tokyo matching engine to go live end-January 2017

Gain Capital’s GTX Tokyo matching engine to go live end-January 2017

- in All News, Featured News, Forex Brokers

Forex brokerage Gain Capital Holdings (NYSE: GCAP) said on Wednesday its institutional subsidiary GTX will launch a new matching engine for its flagship ECN in Tokyo on 31 January, 2017. Initially, the broker planned the launch to happen a bit earlier.

With the launch, the broker will complete its planned global network rollout, as it recently launched a matching engine in London and has another one located in New York. GTX’s current matching engines are in Equinix’s NY4 and LD4 data center, while the new matching engine is in the company’s TY3 data center.

“The launch of our Tokyo matching engine underscores our commitment to provide the best possible market access to our growing Asian clientele,” said Vincent Sangiovanni, CEO of GTX Bermuda Ltd. “We look forward to providing lower latency market access to our current clients and serving new ones, who prefer trading on a local matching engine,” he added.

The new Tokyo matching engine will be supported by a dozen leading liquidity providers at launch. It is expected to improve the regional access for the increasing clientele in Asia. Liquidity on GTX’s ECN is optimized for buy-side clients enabling them to trade on the best available prices with ongoing, active monitoring of trade matches and execution quality.

However, GTX clients can connect to either of the broker’s three matching engines. They can choose whether to interact only with local liquidity for faster response time, or to obtain best price and depth against the global order book.

GTX is a fully-owned subsidiary of US-based Gain Capital Holding. It offers prime of prime services and electronic communications network (ECN) services, as well as Swap Execution Facilities (SEFs) to banks, hedge funds, fund managers, proprietary traders, brokers, and algorithmic trading firms. Its prime of prime solutions, which is available under a white label partnership, allow clients to connect with institutional liquidity sourced from over 50 global banks and top-tier liquidity providers. Meanwhile the ECN, which features options for algorithmic trading, pricing aggregation, and order management among others, is especially designed for institutional investors.

Gain Capital operates under the trading brands and City Index for retail clients and GTX for institutional operations. It offers trading in exchange-traded and over-the-counter (OTC) forex, commodities, bonds, indices, and global equities, among others. It is active in North America, Europe and the Asia Pacific regions.

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