GAIN Capital Continues Asian Expansion with New Office in Hong Kong
Company Also Enters Into White Label Partnership with Polaris Securities (HK) Limited, A Subsidiary of One of Taiwan’s Largest Securities Firms
GAIN Capital Holdings Inc., a global provider of online trading services, announced February 2 the opening of its newest office in Hong Kong, further extending its presence in the Asia-Pacific region alongside offices in Tokyo and Seoul. The company received regulatory approval from the Hong Kong Securities and Futures Commission (SFC) in 2009.
“Hong Kong is a key global financial center in Asia with a robust regulatory framework,” said Glenn Stevens, CEO, GAIN Capital. “Our Hong Kong office will act as a regional business development hub and help us reach and address the needs of our clients and partners locally.”
GAIN’s office, located in the central business district, is being managed by Brian Tsui. Mr. Tsui was formerly the head of retail FX at MF Global Hong Kong.
The company also announced it has signed a white label agreement with Polaris Securities (Hong Kong) Ltd (“Polaris (HK)”), a wholly owned subsidiary of Polaris Securities Co., Ltd. A leader in online trading and financial innovation, Polaris Securities is one of the top securities firms and the largest market-maker of index futures and options in Taiwan. The new partnership with GAIN enables Polaris (HK) to expand its Leveraged Foreign Exchange business.
“By partnering with GAIN Capital, we were able to come to market much faster with an offering that speaks to the particular needs of our sophisticated clients, who demand best of breed online trading tools,” commented James Hsu, managing director, Foreign Exchange Division, Polaris (HK). “GAIN brought to the partnership a fully localized Chinese trading platform, technical resources and a local support team that enabled us to quickly customize and deploy the Polaris (HK) offering according to our specific business and regulatory requirements.