Rosenthal Collins Group and GAIN Capital Group Create Venture To Provide Online Forex and Futures Trading Services in the United Kingdom.

CHICAGO and BEDMINSTER, New Jersey, April 23 /PRNewswire/ –

Rosenthal Collins Group, LLC (RCG), a leading independent futures

clearing firm, and GAIN Capital Group LLC, a market leader in retail

foreign exchange (forex) trading, today announced they are joining

forces to establish operations in the United Kingdom. The new entity, to

be known as RCG GAIN Limited, will offer online trading 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

over time. The venture has received regulatory approval from the UK

Financial Services Authority (FSA).

“We’re delighted to partner with GAIN Capital on this

important venture,” said Scott Gordon, RCG chairman and chief

executive officer. “Our organizations are highly complementary,

with our expertise in futures and related technology, and GAIN’s

industry-leading forex offering. We share entrepreneurial cultures,

strong financial foundations, and high levels of customer service, and

our clients will benefit from the expertise that each of us brings to

bear,” said Gordon.

“GAIN Capital is excited about joining forces with RCG, one of

the largest and most respected futures firms in the United States,”

said Glenn Stevens, chief executive officer of GAIN Capital Group.

“Working together, we can accelerate our expansion plans in both

the United Kingdom and across the European Union,” said Stevens.

As part of the agreement, RCG will provide its expertise in futures

services to the venture, while GAIN will provide its advanced forex

trading technology, and will also take the lead on marketing. The RCG

GAIN Limited venture will have a shared corporate staff that includes an

executive officer and compliance officer, reporting to a joint board of

directors. The companies will bring their collective experience and

strengths in trading and brokerage operations to the new venture, and

they also plan to collaborate on several joint and cross-marketing

initiatives.

“We see forex as a very attractive growth area and view this

endeavor as an opportunity to expand our long-established futures

services,” said Maureen Downs, president of RCG. “The UK

venture with GAIN represents the latest step in our global growth

strategy, and we look forward to identifying further opportunities

throughout Europe as this initiative takes hold,” concluded Downs.

Forex is the most traded market in the world, with a daily volume

that exceeds US$3.2 trillion, according to 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

US$77 billion per day in 2007.*

(*) Source: Aite Group, Retail FX: Taking Center in Overall Market

Growth, 7/16/2007

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 (FCMs) offering trading

execution, clearing, brokerage, foreign exchange, managed futures

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 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 US$100 billion per month.

Headquartered in Bedminster, New Jersey, the company operates offices in

New York City and in Shanghai, China.

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 (NFA) as a Futures Commission Merchant (NFA ID #0339826).

For company information, visit www.gaincapital.com, or for trading

information, visit www.forex.com.

Web site: http://ift.tt/1AF5DrS

http://ift.tt/16uiwaE

http://www.forex.com

Ellen G. Resnick, Crystal Clear Communications, +1-773-929-9292 or

+1-312-399-9295 (cell), eresnick@crystalclearPR.com, for RCG; Kiersten

Williams, Williams Consulting LLC, +1-646-201-4892 (office),

kwilliams@williams-consult.com, for GAIN Capital Group; Rich Teplitsky,

GAIN Capital Group Corporate Communications, +1-908-212-3976 (office),

rteplitsky@gaincapital.com

The post Rosenthal Collins Group and GAIN Capital Group Create Venture To Provide Online Forex and Futures Trading Services in the United Kingdom. appeared first on Forex Success Traders.

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