GAIN Capital Holdings, Inc. Opens Hong Kong Office, Expands Asian Presence

GAIN Capital Announces New Hong Kong Office and White Label Agreement with Polaris Securities

GAIN Capital Holdings, Inc. (operator of well-known site forex.com) has expanded its presence in Asia by opening a new office in Hong Kong. It currently has offices in Tokyo and Seoul, as well as in New York, New Jersey, and London.

The CEO of GAIN Capital, Glenn Stevens, said, “Hong Kong is a key global financial center in Asia with a robust regulatory framework. Our Hong Kong office will act as a regional business development hub and help us reach and address the needs of our clients and partners locally”.

In addition to its new office, the company announced its new white label agreement with Polaris Securities (Hong Kong) Ltd. Polaris Securities is “one of the top securities firms and the largest market-maker of index futures and options in Taiwan”. This partnership will allow Polaris to expand its Leveraged Foreign Exchange business.

The PR Newswire press release is reprinted below and can also be found here.

To learn more about the new forex registration requirements, visit www.forexregistration.com.

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GAIN Capital Continues Asian Expansion with New Office in Hong Kong

Company Also Enters Into White Label Partnership with Polaris Securities (HK) Limited, A Subsidiary of One of Taiwan’s Largest Securities Firms

NEW YORK, LONDON, and HONG KONG, Feb. 2 /PRNewswire/ — GAIN Capital Holdings Inc., a global provider of online trading services, announced today the opening of its newest office in Hong Kong, further extending its presence in theAsia-Pacific region alongside offices in Tokyo and Seoul.  The company received regulatory approval from the Hong Kong Securities and Futures Commission (SFC) in 2009.

“Hong Kong is a key global financial center in Asia with a robust regulatory framework,” said Glenn Stevens, CEO, GAIN Capital.  ”Our Hong Kong office will act as a regional business development hub and help us reach and address the needs of our clients and partners locally.”

GAIN’s office, located in the central business district, is being managed by Brian Tsui.  Mr. Tsui was formerly the head of retail FX at MF Global Hong Kong.

The company also announced it has signed a white label agreement with Polaris Securities (Hong Kong) Ltd (”Polaris (HK)”), a wholly owned subsidiary of Polaris Securities Co., Ltd.  A leader in online trading and financial innovation, Polaris Securities is one of the top securities firms and the largest market-maker of index futures and options in Taiwan. The new partnership with GAIN enables Polaris (HK) to expand its Leveraged Foreign Exchange business.

“By partnering with GAIN Capital, we were able to come to market much faster with an offering that speaks to the particular needs of our sophisticated clients, who demand best of breed online trading tools,” commented James Hsu, managing director, Foreign Exchange Division, Polaris (HK).  ”GAIN brought to the partnership a fully localized Chinese trading platform, technical resources and a local support team that enabled us to quickly customize and deploy the Polaris (HK) offering according to our specific business and regulatory requirements.  We are now accepting clients at www.polaris.com.hk.”

About GAIN Capital

GAIN Capital Holdings, Inc. is a global provider of online trading services, specializing in foreign exchange (forex or FX) and contracts for difference (CFDs). Customers and trading partners in more than 140 countries have utilized the company’s award-winning trading platform which transacts nearly $200 billion per month.

A pioneer in online forex trading, GAIN Capital operates FOREX.com (www.forex.com), one of the largest and best-known brands in the retail forex industry.  It also provides execution, clearing, custody and technology products and services to an institutional client base including asset managers, broker/dealers and other financial services firms.

With offices in New York City; Bedminster, New Jersey; London; Seoul; Tokyo; and Hong Kong, GAIN Capital and its affiliates are regulated by the Commodity Futures Trading Commission (CFTC) in the United States, the Financial Services Authority (FSA) in the United Kingdom, the Financial Services Authority (FSA) in Japan, and the Securities and Futures Commission (SFC) in Hong Kong.

GAIN’s investor group includes private equity firms 3i, VantagePoint Venture Partners, Tudor Ventures, Edison Venture Fund and Cross Atlantic Capital Partners.  For company information, visit www.gaincapital.com or www.forex.com.

SOURCE GAIN Capital Holdings Inc.

RELATED LINKS
http://www.gaincapital.com
http://www.forex.com
http://www.polaris.com.hk

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Other related forex law articles include:

Bart Mallon, Esq. of Mallon P.C. runs the Forex Law Blog and provides forex registration service through forexregistration.com. Mr. Mallon also runs the Hedge Fund Law Blog.  He can be reached directly at 415-868-5345.

March 13, 2010 | Filed Under Forex Press Release

 

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