Archive for 'Commodity Futures Trading Commission'

Forex Markets Face Huge Volitility in 2013

FOREX.com, the retail division of GAIN Capital Holdings, Inc. (NYSE: GCAP), a global provider of online trading services, today released its Q1 2013 Market Outlook report. FOREX.com analysts predict that the New Year could see a large pick-up in volatility if the US goes over the fiscal cliff edge. This would have major implications for global financial markets as risk sentiment deteriorates and the US economy faces a sharp recession.

2013 is set to be the fourth year of the sovereign debt crisis for Europe and rather than moving nearer to a resolution the crisis is expected to flare up again in the coming year. Stabilization in the Eurozone is likely to be undermined by concerns about Spain’s financial position. The fall-out from refinancing Spain has the potential to cause a major spike in market volatility and a drop in the euro. Political risk is also likely to increase during the first quarter of 2013 as the market prepares for a general election in Italy.

The dollar will be faced with two important events in Q1. The first is the outcome of fiscal cliff negotiations. The second event that is important for the dollar is the changing of the guard at the Federal Open Market Committee, which could see a dovish bias at the US central bank.

“If the US goes over the cliff edge then the dollar could attract safe haven flows and stocks may sell off like we saw during debt ceiling negotiations in the US in August 2011,” said Kathleen Brooks, Research Director, FOREX.com.

Ms. Brooks added: “After a period of intense risk aversion we could see markets start to recover in late Q1.  From a macro perspective, the US could join the Eurozone and Japan in falling back into recession, which may ignite a global decline. Without a bold solution to the European debt crisis and a deal in Washington we cannot envisage a significant pick-up in global sentiment in the first quarter.”

Expectations from the FOREX.com Q1 2013 Markets Outlook include:

  • The outlook for EURUSD is bleak and we may see some sharp declines over the quarter as sovereign concerns especially in Spain start to heat up;
  • There are signs Chinese growth is starting to pick up, this should fuel appreciation in the renminbi during the first quarter of 2013;
  • The AUD, CAD and NZD may remain subdued  as these commodity currencies are most sensitive to the bleak global growth outlook;
  • Gold and silver could have an adventurous quarter as two opposing forces, including sluggish global growth and fresh monetary stimulus, impact the precious metals space ;
  • The spread between UK and US oil could remain at elevated levels ($20-25) for the foreseeable future as long as bottlenecks in the supply of oil remain and tensions remain in the Middle East.

The FOREX.com Markets Outlook report highlights potential price ranges for key pairs, such as EUR/USD, GBP/USD, USD/JPY, EUR/GBP and USD/RUB.  Major foreign equity markets; key commodities including gold, silver, oil and agriculture are also covered.

The FOREX.com Markets Outlook report is prepared by Research Director Kathleen Brooks, Senior Technical Strategists Chris Tevere, CMT, Eric Viloria, CMT, and Research Analyst Chris Tedder.

The full FOREX.com Q1 2013 Markets Outlook Report is now available at www.forex.com under “Research”.

Foreign Exchange and other leveraged products involve significant risk of loss and are not suitable for all investors. Increasing leverage increases risk. Before deciding to trade foreign exchange and other leveraged products, you should carefully consider your financial objectives, level of experience and risk appetite. Spot Gold and Silver contracts are not subject to regulation under the U.S. Commodity Exchange Act. Contracts for Difference (CFDs) are not available for US residents.

GAIN Capital and its affiliates are regulated by the Commodity Futures Trading Commission (CFTC), the National Futures Association (NFA) and the Securities and Exchange Commission (SEC) in the US; the Financial Services Authority (FSA) in the UK; the Financial Services Agency (FSA) in Japan; the Securities and Futures Commission (SFC) in HK; the Investment Industry Regulatory Organization of Canada (IIROC); and the Australian Securities and Investments Commission (ASIC) in Australia

The opinions and information in this report are for general information use and are not intended as an offer or solicitation to any product offered.

About GAIN Capital

GAIN Capital Holdings, Inc. (NYSE: GCAP) is a global provider of online trading services. GAIN’s innovative trading technology provides market access and highly automated trade execution services across multiple asset classes, including foreign exchange (forex or FX), contracts for difference (CFDs) and exchange-based products, to a diverse client base of retail and institutional investors.

Through our retail brand, FOREX.com, we provide retail traders around the world with access to a variety of global OTC financial markets, including forex, precious metals and CFDs on commodities and indices.  A market leader for over a decade, FOREX.com supports clients from over 140 countries and our products and services are available in multiple languages, including English, German, Chinese, Japanese, Russian and Arabic.

GAIN Capital also operates GTX, a fully independent FX ECN for hedge funds and institutions; Open eCry, an innovative online futures broker; and GAIN Securities, Inc. (member FINRA/SIPC) a licensed U.S. broker-dealer.

GAIN Capital and its affiliates have offices in New York City; Bedminster, New Jersey; London; Sydney; Hong Kong; Tokyo; Singapore; Beijing and Seoul.

For company information, visit www.gaincapital.com.

CONTACT: In North America, Chris Mittendorf, +1-212-704-8134 or Samantha Nelson, +1-212-704-4589, both of Edelman, pr@gaincapital.com or In EMEA, Sorrel Beynon, +44 (0) 20 3047 2365 or Laura Crooks, +44 (0) 20 3047 2366, both of Edelman, gain@edelman.com

Web Site: http://www.gaincapital.com

Learn How to Trade the Forex Markets with Easy Video Tutorials

Learn How to Trade the Forex Markets with Easy Video Tutorials-Image via Wikipedia

Award-winning forex dealer FX Solutions ( http://www.fxsolutions.com ) is hosting a range of trading platform tutorials to help its clients react quickly and effectively to market movements.

These easy-to-use video guides cover everything from logging on to entering, managing and closing trades across all four FX Solutions platforms. If a trader wishes to enable one-click trading, understand the forex calculator or place an order, FX Solutions offers a video to show them how.

As well as offering an educational menu perfect for new traders, FX Solutions was recently named ‘Overall Best Forex Broker [http://www.fxsolutions.com/company-info/company-news/overall-best-forex-broker.asp ] ‘ for veteran traders by SmartMoney magazine. Accepting the accolade, FX Solutions CEO Michael Cairns commented: “To be singled out in such a highly regarded publication is a true testament to the FX Solutions overall value proposition. We love traders of all experience levels and I’m pleased SmartMoney agrees we are well suited for the most savvy and experienced traders.”

To learn more about trading with FX Solutions, visit http://www.fxsolutions.com

Forex trading involves substantial risk of loss and is not suitable for all investors.

About FX Solutions

FX Solutions [http://www.fxsolutions.com ] is a leading foreign exchange dealer with a focus on advanced forex trading [http://www.fxsolutions.com/trading/forex.asp ] technologies, transparency of transaction and unparalleled customer service. FX Solutions serves retail clients, white label partners, institutional trading partners and introducing brokers in over 140 countries.

FX Solutions’ products are regulated in the United States, United Kingdom and Australia. FX Solutions in the United States is regulated as a member of National Futures Association, and registered with the Commodity Futures Trading Commission as a Futures Commission Merchant/Forex Dealer Member. In the United Kingdom, FX Solutions is a registered trading name of City Index Limited which is authorized and regulated by the Financial Services Authority. FX Solutions in Australia is a registered trading name of City Index Australia Pty Ltd. which is authorized and regulated by the Australian Securities and Investments Commission.

For more on forex currency trading online [http://www.fxsolutions.com/trading ], please visit http://www.fxsolutions.com http://www.fxsol.co.uk and http://www.fxsolutions.com.au

Contact: Paul Cassidy, FX Solutions, +1-201-345-2210, pcassidy@fxsol.com

Forex Broker Offers Risk Management Tips

Here are three tips on forex risk management from award-winning broker FX Solutions ( http://www.fxsolutions.com).

Keep your trade sizes sensible

Even the most experienced trader can be outmanoeuvred by the breakneck pace of the foreign exchange market, not to mention the leverage involved in forex trading [http://www.fxsolutions.com/learning-tools/forex-glossary.asp ]. Leverage can boost your profits, but it can also magnify your losses in the same way should the markets move against you. Every forex trader gets things wrong at some point, so never trade more than you can afford to lose. A bad trade is forgivable – an overtrade is not.

Know your markets and the activity around them

As Sandy Jadeja, Technical Strategist of FX Solutions, states: “The methods of utilizing technical analysis are many and varied. They include such ubiquitous concepts as head and shoulders, support and resistance, trends, moving averages, and double-tops.”

Fundamental analysis also brings a host of potential catalysts into consideration in the form of major economic reports and news events. Analyse both past technical data and news feeds to gain a clearer picture of the state of a currency.

Make use of all the tools available

FX Solutions offers free newsfeeds, tutorials, forex charting packages [http://www.fxsolutions.com/learning-tools/charting.asp ] and more, all of which can provide you with invaluable support and insights into workings of the foreign exchange market.

Another effective tool to minimize your potential downsides is to employ stop-loss orders on every trade you place. Stop-losses automatically exit a position when a trade reaches a certain price point, therefore limiting losses or locking in profits depending on the point at which they are applied.

For example, imagine the euro is about to rise against the U.S. dollar, and that you have opened a position of 100,000 units at $1.4500. Placing a stop-loss order at $1.4460 would limit your maximum loss to $400 while also giving the trade room to potentially turn around should the market start to move against you.

Find out more about the forex trading tools available from FX Solutions [http://www.fxsolutions.com ], by visiting the company’s education centre at:

http://www.fxsolutions.com/learning-tools/education-center.asp

Forex trading involves substantial risk of loss and is not suitable for all investors.

About FX Solutions

FX Solutions is a leading foreign exchange broker with a focus on advanced forex trading [http://www.fxsolutions.com ] technologies, transparency of transaction and unparalleled customer service. FX Solutions serves retail clients, white label partners, institutional trading partners and introducing brokers in over 140 countries.

FX Solutions’ products are regulated in the United States, United Kingdom and Australia. FX Solutions in the United States is regulated as a member of National Futures Association, and registered with the Commodity Futures Trading Commission as a Futures Commission Merchant. In the United Kingdom, FX Solutions is a registered trading name of City Index Limited which is authorized and regulated by the Financial Services Authority. FX Solutions in Australia is a registered trading name of City Index Australia Pty Ltd. which is authorized and regulated by the Australian Securities and Investments Commission.

For more information on forex trading, or to open a free forex demo account [http://www.fxsolutions.com/accounts/practice-account.asp ], please visit http://www.fxsolutions.com http://www.fxsol.co.uk and http://www.fxsolutions.com.au

Contact: Paul Cassidy, FX Solutions, +1-201-345-2210, pcassidy[at]fxsol.com

FX Solutions (http://www.fxsolutions.com), one of the world’s leading retail forex trading brokers, has appointed a new CEO of its Americas business and a Managing Director of its Middle East offering as it looks to further enhance its award-winning forex output.

David Trew has become the CEO of FX Solutions [http://www.fxsolutions.com ] LLC following a highly-successful period running City Index’s Asia Pacific office, which witnessed substantial growth under his leadership. He previously headed up CMC Markets’ Asia Pacific office, where he oversaw its growth from a start-up to a 350-employee business, spanning 11 offices in six countries and accounting for nearly 50 percent of the company’s global revenues. Trew will be responsible for FX Solution’s Americas business, overseeing the company’s strategy for the region.

Michael Cairns becomes Managing Director of Middle East operations, where he will spearhead the group’s offering throughout the region. Cairns has been with FX Solutions since its inception in 2001 and has played a vital role in developing the business rules and logic behind the award-winning GTS platform [http://www.fxsolutions.com/trading/platforms.asp ]. Cairns, formerly CEO of FX Solutions LLC in New York, will bring extensive expertise in business expansion as the company looks to seize the growth opportunities in the forex markets of Arabic-speaking nations. Learn more about the four cutting-edge trading platforms offered by FX Solutions at:

http://www.fxsolutions.com/trading

Forex trading [http://www.fxsolutions.com/trading/forex ] involves substantial risk of loss and is not suitable for all investors.

About FX Solutions

FX Solutions is a leading online forex trading [http://www.fxsolutions.com/trading ] with a focus on advanced trading technologies, transparency of transaction and unparalleled customer service. FX Solutions serves retail clients, white label partners, institutional trading partners and introducing brokers in over 140 countries.

FX Solutions’ products are regulated in the United States, United Kingdom and Australia. FX Solutions in the United States is regulated as a member of National Futures Association, and registered with the Commodity Futures Trading Commission as a Futures Commission Merchant. In the United Kingdom, FX Solutions is a registered trading name of City Index Limited which is authorized and regulated by the Financial Services Authority. FX Solutions in Australia is a registered trading name of City Index Australia Pty Ltd. which is authorized and regulated by the Australian Securities and Investments Commission.

For more information, or to try a free forex practice account [http://www.fxsolutions.com/accounts/practice-account.asp ], please visit http://www.fxsolutions.comhttp://www.fxsol.co.uk and http://www.fxsolutions.com.au

Contact: Paul Cassidy, FX Solutions, +1-201-345-2210, pcassidy[at]fxsol.com

Capital Market Services LLC, a leading Forex brokerage firm, has partnered with Red Paladin Inc., a technology firm that specializes in Cloud Services, to offer the CMS Virtual Desktop Interface (VDI) for Forex trading.

CMS VDI supports MetaTrader 4, ForexTraderPro and VT Trader 2.0. Using a browser window, traders can access their demo or live accounts on their virtual environment from anywhere and place trades, upload and configure EA’s, set preferences, and even request custom applications or tools such as Autochartist or Microsoft Excel.

VDI services take the traditional Forex VPS model to the next level by offering traders a dedicated virtualized machine as opposed to space on a large shared server like most standard VPS products.  This service eliminates the need for physical hardware and its associated performance limitations, and protects users from the risks associated with conducting financial transactions on a shared network.

CMS VDI users’ machines live on a managed dedicated network where traders can leverage Red Paladin’s resources for blazing fast and consistent execution speeds from anywhere in the world. “The ability to run your EAs or any automated trading system in a professional server environment, without the worries of having to leave your home or office computer running and supported 24 hours a day is a major plus for serious traders,” stated Joshua Bernstein, Director of Sales and Marketing at CMS Forex.

VDI services are fully accessible from most mobile devices and experiencing MT4 or VT Trader on your iPad is a “revolutionary way to trade on the go” according to Mr. Bernstein. CMS VDI is free for active CMS clients and is available to anyone for $40 a month.  Visit www.cmsfx.com/forex-trading-services/vps to learn more.

About CMSFX

CMS Forex was founded in 1999 by professional Forex traders, Forex brokers and software developers. Since its inception, CMS Forex has identified traders’ needs and built its core trading platform, VT Trader™, to accommodate its loyal client base. CMS Forex is a leading provider of foreign exchange (FX) trading and related services to clients in approximately 170 countries. The Company serves institutional accounts and, with Forex.com, offers a diverse array of trading platforms combined with unmatched execution and customer services to facilitate direct access to the global FX markets for individual traders.

CMS Forex and its affiliated group of companies are headquartered in New York City, London, and Hamilton, Bermuda with representative offices in Boston, Shanghai, and St. Petersburg, Russia. The group holds registrations with the Commodity Futures Trading Commission (CFTC) in the United States, the Financial Services Authority (FSA) in the United Kingdom, the Bermuda Monetary Authority (BMA) in Bermuda.

About Red Paladin

Red Paladin was established in 2001 as a full service Technology Integration Firm headquartered in Piscataway, NJ with satellite offices in India.  Red Paladin has the expertise in providing Virtualization/Cloud Services, Managed IT Services, and Custom Application/Software Development Solutions to clients across multiple industries.  By offering companies around the world access to the Helix Cloud for their customized Infrastructure as a Service (IaaS) requirements, the company is able to integrate organizations large and small into an IaaS based IT model.

http://www.cmsfx.com

Commodity Traders: Index to be Revalued

Commodity Traders: Index to be Revalued

Commodity Traders: Index to be Revalued-Image by heatingoil via Flickr

Jim Rogers and Beeland Interests, Inc. announced today the following adjustments to the Rogers International Commodity Index® (RICI®).

The RICI Committee decided to reduce the weight of Wheat (CBOT) from 6% to 4.75% and to increase the weight of Rice (CBOT) from 0.50% to 0.75%.  In addition, the RICI Committee decided to add Milling Wheat (NYSE Liffe) as a new component to the RICI at the weight of 1%. These adjustments will be implemented during the January 2011 roll period and re-evaluated by the RICI Committee at its next annual meeting in December 2011.

The RICI represents the value of a compendium (or “basket”) of globally traded commodities (38 commodity futures upon effecting these adjustments) employed in the global economy, ranging from agricultural and energy products to metals and minerals.  The RICI and its various sub-indexes are used by many investment banks and investors throughout the world.  As of the end of November 2010, the RICI had increased by over 250% since inception.

Jim Rogers, an advocate of commodities-based investing, created the RICI in 1997 and 1998 and is the CEO of Beeland Interests, Inc., the owner of the Index. The RICI Committee, currently chaired by Jim Rogers, determines the Index components and weights.  Jim Rogers also is the author of Investment Biker, Adventure Capitalist, Hot Commodities, A Bull In China and A Gift to My Children.

“Jim Rogers”, “James Beeland Rogers, Jr.”, and “Rogers” are trademarks and service marks of, and “Rogers International Commodity Index” and “RICI” are registered trademarks and service marks of, Beeland Interests, Inc., which is owned and controlled by James Beeland Rogers, Jr., and are used subject to license.  The personal names and likeness of Jim Rogers/James Beeland Rogers, Jr. are owned and licensed by James Beeland Rogers, Jr.

Forex Trading Service: Public Offering Available Today

Forex Trading Service: Public Offering Available Today

Forex Trading Service: Public Offering Available Today-Image via Wikipedia

GAIN Capital Holdings Inc., a global provider of online foreign exchange (forex or FX) trading and related services, including contracts-for-difference (CFDs) trading, announced today its initial public offering of 9,000,000 shares of its common stock at a price to the public of $9.00 per share. The shares will begin trading today, December 15, 2010, on the New York Stock Exchange under the ticker symbol “GCAP.”

GAIN Capital Holdings Inc. is offering 407,692 shares of common stock and its selling stockholders are offering 8,592,308 shares of common stock. In addition, certain selling stockholders have granted the underwriters an option to purchase up to 1,350,000 additional shares of common stock to cover over-allotments, if any. GAIN Capital Holdings Inc. will not receive any proceeds from the sale of shares by the selling stockholders.

Morgan Stanley and Deutsche Bank Securities are acting as joint book-running managers for the offering. JMP Securities LLC, Raymond James and Sandler O’Neill + Partners, L.P. are acting as co-managers.

The offering of these securities will be made only by means of a prospectus, which may be obtained from Morgan Stanley, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014, telephone: (866) 718-1649 or by emailing prospectus@morganstanley.com; and Deutsche Bank Securities, 100 Plaza One, Jersey City, New Jersey 07311, telephone: (800) 503-4611, or by emailing prospectusrequest@list.db.com. The prospectus also may be obtained on the Securities and Exchange Commission’s Web site at http://www.sec.gov.

A registration statement relating to these securities has been declared effective by the Securities and Exchange Commission. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation pr sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About GAIN Capital

GAIN Capital Holdings, Inc. is a global provider of online foreign exchange (forex or FX) trading and related services, including contracts-for-difference (CFDs) trading. Customers and trading partners in more than 140 countries have utilized the company’s award-winning trading platform.

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; Sydney; Hong Kong; Tokyo and Seoul, 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 Agency (FSA) in Japan, the Securities and Futures Commission (SFC) in Hong Kong, and the Australian Securities and Investments Commission (ASIC) in Australia.

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

GAIN Capital, a global provider of online trading services, today announced the addition of nine new currency pairs and six equity index CFDs to its FOREX.com product offering.

The new available currency pairs include Eastern European pairs including the Polish Zloty (USD/PLN, EUR/PLN), Czech Republic Koruna, (USD/CZK, EUR/CZK), Hungarian Forint (USD/HUF, EUR/HUF) and Turkish Lira (USD/TRY, EUR/TRY.)  In addition, the South African Rand/Japanese Yen cross (ZAR/JPY) is now offered, a currency pair popular among carry traders.

FOREX.com also added six new CFDs on popular global equity indices, allowing clients to take long or short positions on broad stock markets in Australia (AUS200), Japan (JPN225), Hong Kong (HK40), USA (US30 and NAS 100) and Europe (ESTX50).*

“Today’s product expansion marks another milestone in our commitment to providing our clients access to the most widely traded global markets, including forex, stock indices, or commodities.  As part of this commitment we are constantly looking at ways to enhance and expand our product and service offering,” said Glenn Stevens, CEO, GAIN Capital.

Clients of FOREX.com can now trade 48 currency pairs, ten equity index CFDs, plus gold, silver, and oil CFDs.

*Foreign exchange and CFD trading involves significant risk of loss, and is not suitable for all investors. Potential traders should make sure they understand the risks involved, seeking independent advice if necessary.  FOREX.com’s Contracts for Difference (CFDs) are offered through GAIN Capital – FOREX.com UK, Ltd, and GAIN Capital – FOREX.com Australia Pty Limited, subsidiaries of GAIN Capital Holdings, Inc., and are not available to US residents.  The CFDs are offered with a margin requirement of one percent.

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 $250 billion per month.*

A pioneer in online forex trading, GAIN Capital operates FOREX.com, one of the largest and best-known brands in the retail forex industry.  It also provides execution, clearing, custody and technology products and services to an institutional client base including asset managers, broker/dealers and other financial services firms.

With offices in New York City; Bedminster, New Jersey; London; Sydney; Hong Kong; Tokyo and Seoul, GAIN Capital and its affiliates are regulated by the Commodity Futures Trading Commission (CFTC) in the United States, the Financial Services Agency (FSA) in the United Kingdom, the Financial Services Agency (FSA) in Japan, the Securities and Futures Commission (SFC) in Hong Kong, and the Australian Securities and Investments Commission (ASIC) in Australia.

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 www.gaincapital.com or www.forex.com.

*Includes customer trades, rollovers, and counterparty transactions.

FOREX.com-Mobile App in Three Languages

FOREX.com-Mobile App in Three Languages

FOREX.com-Mobile App in Three Languages-Image via CrunchBase

GAIN Capital Holdings, Inc., a global provider of online trading services specialising in foreign exchange (forex or FX) and contracts for difference (CFDs), today announced the launch of an enhanced version of its iPhone trading application.  The new version of the app is now available to FOREX.com clients worldwide in three languages: English, Japanese, and Russian.  The free application offers full trading capabilities, along with up to the minute news, charts, research and account information.

FOREXTrader for iPhone v2.0 includes:

  • Current rates for over 40 currency pairs, plus metals, oil and equity index CFDs(1)
  • A variety of order types, including market, limit, stop, One Cancels Others (OCO), If Then, If Then / OCO and Trailing Stop
  • Candlestick and line charts with multiple time intervals
  • Live newsfeed from Dow Jones
  • Access to FOREX.com research, including intraday market updates for each trading session, daily reports, and more
  • Economic calendar
  • Account and position management tools
  • The ability to set price alerts by currency pair (customers only)
  • Multi -language support (English, Japanese and Russian)
  • iOS4 multitasking support

“The response to our iPhone app has been very strong following the launch for US clients earlier this year.  We’re thrilled to now offer the app to our clients around the world, and in multiple languages,” said Samantha Roady, chief marketing officer for GAIN Capital.   “We are committed to providing a robust mobile offering for our clients to access their accounts and interact with the markets.”

The FOREXTrader for iPhone application complements FOREX.com’s mobile website, which is enhanced for the latest generation of smartphones such as the Google Android, Palm Pre, and iPhone and is compatible with all major browsers.  The mobile site provides visitors with quotes, charts, news and research and an extensive learning section featuring articles, video tutorials and more.  It also offers secure account access for customers and registered practice account users to trade and manage their account.

To download the free application, iPhone and iPod touch users can now visit the App Store directly from their devices and search for “FOREXTrader” or “FOREX.com”.

(1) CFDs are not available to residents of the United States or Japan.

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 $250 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; Sydney; Hong Kong; Tokyo and Seoul, 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, the Securities and Futures Commission (SFC) in Hong Kong, and the Australian Securities and Investments Commission (ASIC) in Australia.

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 www.gaincapital.com or www.forex.com.

* Includes customer trades, rollovers and counterparty transactions.

All trade names are the property of their respective owners.

Forex Trading Gets Easier with New App from Oanda

Forex Trading Gets Easier with New App from Oanda

Forex Trading Gets Easier with New App from Oanda-Image by Getty Images via @daylife

OANDA Corporation, provider of innovative online forex trading and the world’s most accurate currency data, has developed a free currency conversion application for Microsoft’s revamped mobile operating system, Windows Phone 7 (WP7), which was officially introduced October 11, 2010.

The OANDA Windows Phone 7 Currency Converter app is the first native app built by OANDA for the WP7 mobile platform. It provides access to currency data powered by OANDA Rates® — the daily filtered rates relied on by multinational corporations, tax authorities, auditing firms, financial institutions, and central banks.

The app allows WP7 users to calculate foreign exchange rate conversions for more than 190 currencies and four metals. An innovative design displays both the “bid” and “ask” rates for each currency, and allows users to add percentages to their conversions for more realistic rates. For example, users can opt to convert currencies at the higher rates typically charged by banks and credit card companies, in addition to making conversions at the published interbank market rate.

“We are pleased to be among the first wave of companies to develop an app for Microsoft’s new mobile operating system,” said Michael Stumm, CEO, OANDA Corporation. “As mobile experiences become more of a fixture in our daily lives, OANDA’s mobile development strategy will evolve to support our customers’ expectations for access to innovative currency tools anywhere, anytime.”

About OANDA

OANDA started in 1995 as the first online provider of comprehensive currency exchange information. Since then the OANDA Rate® has become the benchmark for corporations, tax authorities, auditing firms, and central banks. In 2001 OANDA launched fxTrade, the first fully automated online forex trading platform. fxTrade was the first platform to offer immediate execution, support trades and accounts of any size, enable true 24/7 trading, and eliminate the rollover swap by calculating interest by the second. OANDA’s innovative technology has enabled it to sustain a large trading volume. Peak performance has been measured at 1.5 million trades a day, far exceeding the volume typically handled through any of the leading global banks or electronic communication networks (ECNs) that trade forex.

OANDA Corporation is a registered Futures Commission Merchant (FCM) with the U.S. Commodity Futures Trading Commission (CFTC) and is a forex dealer member of the U.S. National Futures Association (NFA). OANDA Corporation owns the following subsidiaries: OANDA Asia Pacific Pte Ltd, regulated by the Monetary Authority of Singapore with a Capital Markets Services license; OANDA Middle East Corporation Ltd., with a license from the Dubai Financial Services Authority (DFSA); and OANDA Canada, regulated by the Investment Industry Regulatory Organization of Canada (IIROC).

SOURCE OANDA Corporation