Showing posts with label Gain Capital Group. Show all posts
Showing posts with label Gain Capital Group. Show all posts

Jan 29, 2008

New Services from FOREX.com

More trading opportunities.
You can now trade four new currency pairs at FOREX.com - AUD/NZD, AUD/CAD,
GBP/AUD, GBP/CAD. These new cross currency pairs allow traders to directly target trading opportunities in the so-called “commodity” currencies.

Even more research.
Now you can access more research from within the platform; session recaps and pivot points are available from within our FOREXTrader platforms.

Published three times daily at the close of each major market session, the session recaps provide actionable insight on the market. Pivot point calculations can help you determine significant support and resistance levels to anticipate trend shifts, especially when used in conjunction with other technical indicators.

More trader education.
Sharpen your trading skills with enhanced Learn To Trade Forex training program. The new course features updated information and additional lessons. Also, as part of the program you now have unlimited access to an experienced FX instructor.

Also added half-day intensive training sessions with FOREX.com’s team of seasoned FX instructors in cities worldwide.

Even more convenient funding options.
Deposits in five currencies - USD, EUR, AUD, CAD, CHF and GBF. You can now withdraw funds online from MyAccount.

Your satisfaction matters.
Feed Back:

“We’re always eager to hear your ideas for improving FOREX.com. In fact, in our latest client survey many of you asked for pivot points and additional currency pairs - and we’re more than happy to deliver. Keep the suggestions coming!”

We’re also happy to report over 90% of survey respondents would recommend FOREX.com to their friends. If you feel the same, check out our Refer a Friend program. Every time you refer a friend who opens and funds a FOREX.com account, you’ll both have the opportunity to earn up to $250.

$117 Million Investment for GAIN Capital Group from 3i and VantagePoint

GAIN Capital Group, LLC, a market leader in the rapidly growing online foreign exchange (FX) industry, announced at January 22, 2008, the completion of an investment round from two leading private equity firms with a specialty focus in finance and technology. 3i - $97 million investment, existing investor VantagePoint Venture Partners - $20 million investment. 3i US Growth Capital Partner Whitney Bower will join GAIN’s Board of Directors.

3i and VantagePoint purchased a minority stake from existing shareholders of the privately-held GAIN Capital, with a portion of the proceeds going to the company’s balance sheet to facilitate larger trading relationships with leveraged funds and institutions globally, as well as to support GAIN’s growing white label business.

“We are pleased to welcome 3i to our investor group. We will undoubtedly look to leverage 3i’s financial expertise, strong global network and recognized ability to add value to help us achieve our long term business goals.”

said Glenn Stevens, GAIN’s chief executive officer.

“We are excited to partner with GAIN Capital. GAIN has a strong reputation and an impressive track record from a financial perspective, achieving no less than 65% annual growth for the past six consecutive years,” continued Bower. “We look forward to helping GAIN accelerate the success of its business development initiatives and further strengthen its operations in key international markets.”

Commented Whitney Bower, Partner at 3i US Growth Capital.

According to the Bank of International Settlements (BIS) - Forex is the most traded market in the world, with a daily volume that exceeds $3.2 trillion. Forex trading has gained widespread acceptance, among retail investors, over the past several years. According to U.S. research firm Aite Group, average daily trade volume in the retail forex market increased 500% from 2001 to 2006, reaching an estimated $77 billion per day in 2007.
Jim Mills, a managing director at VantagePoint Venture Partners and a member of GAIN’s Board of Directors:

“VantagePoint’s decision to make the follow-on investment is a testament to GAIN’s management team and the company’s prospects. We are confident that GAIN is well positioned to take full advantage of the significant market opportunities within this space.”

VantagePoint was the sole investor in the company’s previous investment round completed in April, 2006.

In addition to 3i and VantagePoint, GAIN’s investor group also includes private equity firms Tudor Ventures, Edison Venture Fund, Cross Atlantic Capital Partners, and Blue Rock Capital.

ABOUT GAIN CAPITAL GROUP,LLC

Founded in 1999 by Wall Street veterans, GAIN now services clients from more than 140 countries and supports average trade volume in excess of $100 billion per month. Headquartered in Bedminster, New Jersey, the company operates sales and support offices in New York and Shanghai.

The company operates two full service web portals. The company’s flagship service, GAIN Capital (www.gaincapital.com) focuses on the needs of professional forex traders, including hedge funds and money managers. FOREX.com (www.forex.com) services individual investors of all experience levels with a full-service trading platform, lower account minimums and extensive education and training. In addition to its direct marketing efforts, GAIN currently supports over 40 white label relationships with broker/dealers, Futures FCMs and other financial services firms in North America, Europe and Asia.

GAIN Capital Group, LLC and FOREX.com are registered with the National Futures Association (NFA) as a Futures Commission Merchant (NFA ID #0339826).

For more information, visit www.gaincapital.com or www.forex.com

About 3i

3i is a world leader in private equity and venture capital. 3i operates in 14 countries across US, Europe, and Asia, managing over $13 billion. In the past five years alone, 3i has backed more than 40 companies that have gone public on the world’s leading exchanges and has executed over 450 M&A transactions.

3i Growth Capital is the world’s largest growth capital fund investing over $1.4bn every year in businesses across Europe, Asia and the US. 3i’s strong financial services expertise has proven successful in growing many companies worldwide, including Travelex, RoyalBlue / Fidessa, Asia Capital Re and Interhyp.

For more information, go to: www.3i.com

About VantagePoint Venture Partners

VantagePoint Venture Partners provides creative growth strategies and capital to companies transforming global markets. With more than $4.0 billion of capital under management, the Firm invests in entrepreneurial companies at all stages of development in the CleanTech, Healthcare, and Information Technology sectors. VantagePoint partners with talented entrepreneurs who are seeking to build companies that are world-scale in both size and substance. The Firm has created a network of thought leaders and strategic partners with some of the world’s leading corporations to provide portfolio companies with a unique advantage to accelerate growth.

For more information, visit www.vpvp.com