 |
 |
| About GAIN: News & Events | Media Contacts |
|
|
|
|
|
|
|
GAIN Capital Announces Asset Management Services
Managed Account Program Draws On Firm's Expertise In Foreign Exchange Trading and Risk Management
WARREN, NJ, November 14, 2000 - GAIN Capital, the premier source for online currency trading (www.gaincapital.com), announced today the launch of a managed account program, available immediately. The new program complements GAIN's Internet-based foreign exchange trading service, capitalizing on the existing 24-hour operation as well as the trading and risk management expertise of GAIN's professional trading team.
Glenn Stevens, GAIN Capital's head of sales and trading, will be responsible for developing and implementing trading strategies and managing the traders who direct managed account activity. The managed accounts program is a natural extension of our business and allows GAIN to accommodate both types of investors, Mr. Stevens said. Self-directed investors enjoy direct access to the currency markets via GAIN's Internet-based trading platform. And now, those investors who prefer to have their risk capital managed by market experts or who are unable to watch the currency markets 24 hours a day can participate in the managed account program.
GAIN's senior traders will assume day-to-day responsibility for clients' funds in the managed account program. Clients benefit from the GAIN trading team's average 15 years of trading experience, contributing to the team's disciplined approach to trading, superior use of leverage, and strong history of past successes. (A description of the team's credentials is available upon request.)
Only the most liquid G7 currencies will be traded, which include the Japanese Yen, Euro, British Pound, Swiss Franc, Canadian Dollar and Australian Dollar, against the US Dollar and against each other.
The GAIN managed account program, which requires a minimum amount of $25,000 to participate, offers investors the following potential benefits:
- Asset diversification and the possible risk reduction associated with adding low to negative correlation to equity investments;
- Professional account management from a well-capitalized firm with respected senior management and trading teams;
- Access to the 24-hour, highly liquid currency markets with minimal friction costs;
- Profit potential in both rising and falling markets;
- Ability to employ leverage to maximize profits;
- Real-time account management with monthly reporting.
GAIN Capital, founded in 1999, offers institutional and individual investors direct access to 24-hour, commission-free Forex trading at Interbank spreads. GAIN Capital's Internet-based service raises the bar for the industry - in terms of standards, highly respected staff and superior dealing practices - and revolutionizes the practice of FX trading by allowing clients to instantly deal from live, streaming quotes. For more information, please visit www.gaincapital.com.
|
|
|
|
|
|
Overview