Major brokerage Gain Capital Holdings (NYSE: GCAP) said its institutional brand GTX will launch a new matching engine for its flagship ECN in Tokyo. The engine will be supported by a dozen leading liquidity providers when it goes live on 31 January, 2017 and is expected to improve access for the brokerage’s Asian clients.
With the Tokyo launch, the broker will complete its planned global network rollout, as it recently introduced 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. All matching engines can be accessed by Gain Capital’s clients connected to any of these locations. Thus, they are able to choose whether to interact only with local liquidity providers for faster response time, or to get the best price and depth of the global order book.
“The launch of our Tokyo matching engine underscores our commitment to provide the best possible market access to our growing Asian clientele,” Vincent Sangiovanni, CEO of GTX Bermuda Ltd. commented on the matter. “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.
Gain Capital operates under the GTX brand for institutional operations, while Forex.com and City Index are designed for retail clients. GTX offers prime of prime services, electronic communications network (ECN) services, as well as Swap Execution Facilities (SEFs) to banks, hedge funds, fund managers, proprietary traders, brokers, and algorithmic trading companies.
The brokerage’s prime of prime solutions, available under a white label partnership, enable clients to connect to institutional liquidity sourced from over 50 global banks and top-tier liquidity providers. Meanwhile the ECN services, including options for algorithmic trading, pricing aggregation, and order management among others, are especially designed for institutional investors.
A couple of days ago, GAIN Capital launched new premium account for high-volume traders in US and Canada, which will be rolled out globally over the following months.