Printer Friendly
The Free Library
19,122,084 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

Rosenthal Collins Group and GAIN Capital Group Expand Strategic Alliance to Offer Futures and Forex Services to Respective Clients.


CHICAGO & BEDMINSTER, N.J. -- Rosenthal Collins Group, LLC (Logical Link Control) See "LANs" under data link protocol.

LLC - Logical Link Control
 (RCG RCG Responsible Conduct of Gambling
RCG Revolutionary Communist Group (Northern Ireland)
RCG Raiffeisen Central Genossenschaft (German: Raiffeisen Cooperative)
RCG Race, Class and Gender
), a leading independent futures clearing firm, and GAIN Capital Group, LLC, a market leader in retail foreign exchange (forex) trading, announced today that they have embarked on a reciprocal initiative for offering clients their market-leading products and services. RCG has just introduced RCG ForexTrader, a white label version of GAIN's online spot forex platform. In turn, GAIN is providing access to RCG's futures and options trading capabilities via the GAIN Capital website (www.gaincapital.com).

"As we make GAIN's award-winning foreign exchange technology and expertise available to our clients, we are also pleased to offer GAIN clients the breadth of global futures and options products and services that RCG provides," said Scott Gordon, RCG chairman and chief executive officer. "Through our new referral program with GAIN, traders will be able to utilize our full suite of clearing and trade execution capabilities, including our proprietary RCG Onyx 2[R] electronic trading This article or section is in need of attention from an expert on the subject.
Please help recruit one or [ improve this article] yourself. See the talk page for details.
 platform."

"GAIN Capital is enthusiastic about providing RCG's customers with white label access to GAIN's award-winning ForexTrader platform," said Glenn Stevens Glenn Stevens is an Australian economist and the current Governor of the Reserve Bank of Australia.

Stevens was born in Sydney in 1958. He was educated at the University of Sydney where he received a first class honours degree in economics.
, chief executive officer of GAIN Capital Group. "Likewise, we're also pleased, for the first time, to refer our customers to the futures and options trading capabilities from RCG, one of the most well-known and respected firms in the industry. This alliance will enable both companies to expand their ability to deliver the breadth and depth of online products and services that retail trading customers are seeking," said Stevens.

"We're very pleased to expand on our suite of foreign exchange offerings by bringing our clients a white label version of GAIN's enormously popular forex platform," said Maureen Downs, president of RCG. "RCG and GAIN share a commitment to robust, user-friendly technology, and our new cross-marketing relationship builds upon the strong technology foundation in complementary asset classes."

This expanded alliance builds upon the companies' European joint venture, known as RCG GAIN Limited, which was announced in March 2008. RCG GAIN Limited, authorized and regulated by the UK Financial Services Authority The Financial Services Authority ("FSA") is an independent non-departmental public body and quasi-judicial body that regulates the financial services industry in the United Kingdom. Its main office is based in Canary Wharf, London, with another office in Edinburgh. , will offer online trading Online Trading

Making trades via the Internet.

Notes:
The use of online trading increased dramatically in the mid to late 1990's with the advent of high-speed computers and Internet connections. Stocks, bonds, options, futures, and currencies can all be traded online.
 capabilities in forex and futures to self-directed investors in the UK, with the intention to expand the trading service further into the European Union European Union (EU), name given since the ratification (Nov., 1993) of the Treaty of European Union, or Maastricht Treaty, to the

European Community
 over time. RCG GAIN Limited service is expected to go online in the UK during the third quarter of 2008.

Forex is the most traded market in the world, with a daily volume that exceeds $3.2 trillion, according to according to
prep.
1. As stated or indicated by; on the authority of: according to historians.

2. In keeping with: according to instructions.

3.
 the Bank for International Settlements (BIS). Among retail investors, forex trading has gained widespread acceptance over the past several years. According to U.S. research firm Aite Group, average daily trade volume in the retail forex market alone increased 500% from 2001 to 2006, reaching an estimated $77 billion per day in 2007.(a)

Volume in futures, options on futures and securities options globally was nearly 15.2 billion contracts in 2007, up 28% over 2006 volume.(b) Volume at RCG totaled a record 35.3 million futures and options on futures contracts in the first quarter of 2008, an 89% increase over the same period last year.

(a) Source: Aite Group, Retail FX: Taking Center in Overall Market Growth, 7/16/2007

(b) Source: Futures Industry Association The Futures Industry Association (FIA) is a trade association in the United States composed of futures commission merchants. A futures commission merchant is analogous to a broker; they are entities that accept orders and payment for commodity futures for execution on a futures  

About RCG

With more than 80 years of experience in the futures industry, Rosenthal Collins Group (RCG) is one of the world's leading regulated Futures Commission Merchants Futures commission merchant (FCM)

A firm or person engaged in soliciting or accepting and handling orders for the purchase or sale of futures contracts, subject to the rules of a futures exchange and, who, in connection with such solicitation or acceptance of orders, accepts any
 (FCMs) offering trading execution, clearing, brokerage, foreign exchange, managed futures Managed Futures

In the context of hedge funds, a style of management that focuses on short-term trading in the futures market.
 programs and a full range of electronic trading services to a global institutional, professional and retail customer base. RCG holds clearing memberships on all principal U.S. futures exchanges and has access to world futures markets through a network of correspondent relationships. With over 20,000 active accounts and more than 100 correspondent brokerage firms, RCG cleared more than 88 million contracts in 2007. Further information about Rosenthal Collins Group and RCG ForexTrader can be found at www.rcgdirect.com.

About GAIN Capital Group, LLC

GAIN Capital Group, LLC, is a market leader in the rapidly-growing online foreign exchange (forex or FX) industry. 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 also operates an office in New York City New York City: see New York, city.
New York City

City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S.
.

The company operates FOREX.com (www.forex.com), one of the largest, best-known brands in the retail forex industry. FOREX.com services individual investors of all experience levels with a full-service trading platform, advanced tools and research, and extensive education and training. In addition to its direct marketing efforts, GAIN Capital currently supports over 50 relationships and white label arrangements with broker/dealers, Futures Commission Merchants (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 National Futures Association (NFA)

The futures industry self-regulatory organization established in 1982.
 (NFA NFA - Finite State Machine ) as a Futures Commission Merchant (NFA ID #0339826). For company information, visit www.gaincapital.com, or for trading information, visit www.forex.com.
COPYRIGHT 2008 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2008 Gale, Cengage Learning. All rights reserved.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:Jun 30, 2008
Words:833
Previous Article:HRA-NCA 2008 Benefits Survey Indicates Decline Continuing In Benefits As A Percentage of Payroll.
Next Article:GolfersMD.com Announces Official Partnership with the Golf Channel.
Topics:



Related Articles
C&W expands alliance. (Cushman and Wakefield).
Liberalising the banking sector.
Studley's strategic alliance.
Tradeview forex augments foreign currency trading system with addition of two new liquidity providers on the popular metatrader 4 software.
Europcar and Enterprise Rent-A-Car conclude strategic alliance.
Europcar and Enterprise Rent-A-Car conclude strategic alliance.
FXOnline Announces Acquisition of stake by IG Group.
How Is Currency Trading Different?
Forex Managed Fund, An Investment Alternative

Terms of use | Copyright © 2012 Farlex, Inc. | Feedback | For webmasters | Submit articles