Korea Investment & Securities Selects Gain Capital To Provide Margin Fx Execution & Clearing Service

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29th March 2010, 02:17pm - Views: 1454






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MEDIA RELEASE PR38885



Korea Investment & Securities Selects GAIN Capital to Provide Margin FX Execution & Clearing

Services


NEW YORK and SEOUL, South Korea, Mar. 29 /PRNewswire-AsiaNet/ --


    GAIN Capital Holdings, Inc., a global provider of online trading services, today announced it has been

selected as a primary clearing partner for Korea Investment & Securities Co., Ltd, (KIS) one of Korea's leading

securities companies and a subsidiary of Korea Investment Holdings, Korea's largest non-bank financial

holding company. GAIN is now providing KIS with real-time pricing, execution, settlement and custody



    "KIS selected GAIN because of their robust technology infrastructure, their ability to meet our aggressive

time to market goals and, most importantly, their professional reputation," said Jin Tae Kim, Managing

Director. "We are confident that our clients will be extremely pleased with the competitive spreads and the

quality of trade executions provided by GAIN. We look forward to working closely with GAIN as we continue to

grow our FX business," Mr. Kim concluded.


    Margin FX trading among retail investors has surged in Korea over the past few years.  According to the

Korean Financial Service Commission (FSC), South Korean investors' foreign exchange margin trading

activity increased 594% from 2007 to 2008, reaching 454 trillion won in 2008 compared to 65 trillion in 2007. In

2009, an estimated 361 trillion won was traded in the first five months of 2009 alone, with retail investors

accounting for 99% of all transactions.


    "We are delighted to partner with KIS as they are a leader in retail brokerage with a reputation for excellent

customer service," commented Tom Levine, Senior Vice President of Institutional Sales at GAIN Capital.

"We're fully committed to helping all of our partners in Korea take advantage of the tremendous opportunity in

retail FX by providing the technology, resources, and financial stability they seek," continued Mr. Levine.  


    GAIN Capital opened an office in Seoul in July of last year.


    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 provides execution, clearing, custody and technology

products and services to an institutional client base including asset managers, broker/dealers and other

financial services firms.  GAIN also operates FOREX.com, one of the largest and best-known brands in the

retail forex industry.


    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



    SOURCE: GAIN Capital Holdings, Inc.





    CONTACT:  

    In Korea: 

    Eunjung Kim, 

    GAIN Capital, 

    +1-646-512-5449, 

    ekim@gaincapital.com


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