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GAIN Capital, Inc. Deploys Wireless Forex Capabilities
Online Forex Provider Launches GAIN | wireless To Offer Free, 24-Hour Access To Real-Time FX Market Data And Trading Account Information
WARREN, NJ, April 23, 2002 - GAIN Capital, the premier source for online currency trading (www.gaincapital.com), today announced the launch of GAIN | wireless, designed to provide users with free, 24-hour mobile access to real-time foreign exchange (FX) market data and account information.
GAIN | wireless is compatible with more than 80 internet-enabled devices, including mobile phones, PDAs, RIM and other wireless handhelds. There are no extra fees to access the service. Future releases of GAIN | wireless, scheduled for later this year, will include additional features such as the ability to set rate alerts, enter stop and limit orders, and receive alerts once pending orders are executed.
Using any internet-enabled mobile device, GAIN clients and registered demo users can now view:
- Real time FX rates for 10 currency pairs, including the daily Hi/Lo;
- Up to the minute FX news;
- The latest market commentary from GAIN senior traders;
- Real time access to account information - including balances, realized and unrealized P&L, value of open positions, and available margin;
- Order status and trade history.
"Wireless is a natural fit for our client base of active, self-directed traders," commented Mark Galant, CEO and founder of GAIN Capital. "Given the 24-hour nature of the FX markets, on-demand access to market information is a necessity," continued Mr. Galant. "And ultimately, supporting real time FX information and dealing capabilities via multiple delivery channels gives our clients a competitive advantage in the market."
Developed in-house, GAIN | wireless is an XML-based solution using Microsoft's .NET platform. "Using Microsoft's .NET framework and Mobile Internet technology, we built a robust, dynamic product that meets the exact requirements of our users," said Michael Thwaite, vice president, infrastructure at GAIN Capital. "Online FX is a highly competitive, rapidly maturing industry, and the speed of development and deployment offered by .NET was an important factor in our choice of technology. We are constantly exploring ways to leverage this new technology platform."
For more information and an online demonstration of GAIN | wireless, please visit http://www.gaincapital.com/wireless_forex.html
About GAIN Capital
GAIN Capital, a recognized market leader in online foreign exchange (FX) trading, offers direct access to the global FX markets via a real-time internet-based trading platform. GAIN revolutionized the FX market by being the first online FX trading firm to provide clients with the ability to deal directly from live, streaming quotes. The firm's clients also benefit from 24-hour trading with interbank dealing spreads, no commission or transaction fees, and the ability to employ up to 50:1 leverage.
The firm now services clients from more than 40 countries around the globe, including institutional investors such as fund managers and Commodity Trading Advisors (CTAs), as well as individual, self-directed traders. Named "Best Independent Online Foreign Exchange Trading System" by Global Finance magazine, GAIN Capital is a registered Futures Commission Merchant (FCM), and a member of the National Futures Association.
For more information, please visit http://www.gaincapital.com
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