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About GAIN: News & Events |
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Gain Capital Updates Its Internet Dealing Software
FX Week, August 13, 2001
New Jersey - Online currency trading firm Gain Capital has updated its internet dealing software to facilitate larger volumes and faster transaction times.
Alterations to the software were a response to feedback from clients. "The latest release incorporates many user requests and internal development initiatives from our trading desk and management team," said Mark Galant, chief executive officer of Gain Capital in New Jersey.
The new version processes more than 12,000 trades an hour, and can load data up to 50% faster than previous versions. It enables clients to enter orders at any rate, inside or outside the bid or offer spread, and includes an automatic stop-loss feature so clients can limit their risk exposure to sudden market moves.
"Our goal is to continue to innovate online FX trading by increasing the speed and ease-of-use of our system," said Galant.
Gain Capital was founded in 1999 and launched online FX trading in May 2000. Last November, the firm introduced a managed account programme for clients with limited knowledge of forex trading. Gain Capital's team of traders, based in New Jersey, trade on behalf of clients who elect to use the service for a 2% management fee, and a 20% commission fee on profits from successful FX transactions.
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