GAIN Capital seeks new opportunities in Asia
GAIN Capital, an online trading services provider, has received regulatory approval from the China Banking Regulatory Commission to open a representative office in Beijing.
GAIN Capital, an online trading services provider, has received regulatory approval from the China Banking Regulatory Commission (CBRC) to open a representative office in Beijing.
The new office will help GAIN Capital establish its brand in China, conduct market research on China's financial regulation and markets, and assist in developing the firm's relationships with Chinese financial institutions.
GAIN Capital supplies market access and automated trade execution services across multiple asset classes, including foreign exchange, contracts for difference and exchange-based products.
“Receiving the CBRC's approval is an important step towards expanding our business in one of the fastest growing economies in the world,” commented Glenn Stevens, CEO of GAIN Capital.
“We believe the Beijing representative office will assist us in building strong relationships in China's growing financial community and help provide a strong foundation for our future strategic plans in that country.”
GAIN Capital has already established a presence in Asia with offices in Hong Kong, Australia, Singapore, Japan and South Korea.