Gain Capital Goes Live with FX Trading System
When Mark Galant, CEO of Gain Capital, announced his intentions a few years back to open up the doors of foreign exchange trading to hedge funds and individuals, many people thought he was crazy. Galant may just prove them all wrong.
Foreign Exchange Market Places Go Head to Head
In June seven leading financial institutions banded together to create an online foreign exchange trading site, FXall.com, where they can compare prices from different dealers. Early this year, newly formed Currenex launched a similar platform, however it entered the foreign exchange market with a purely independent electronic market place for foreign exchange.