GAIN Capital plans launch of new web-based trading platform
The new solution will be fully customizable for different clients and their trading style.
Online trading major Gain Capital Holdings Inc (NYSE:GCAP) is developing a next-generation web-based trading platform, Glenn Stevens, CEO of GAIN, said on Thursday, during the Earnings Call that followed the report of the brokerage’s key financial and operating metrics for the final quarter and full year 2017.
Mr Stevens said that product innovation remains a core focus for GAIN as it underpins the execution of its broader organic growth strategy. The broker continues to invest in new products and services. This includes the development of a next generation web-based trading platform, full to speed, simplicity and ease of use and fully customizable for different clients and their trading style.
Features of the platform will include a powerful charting tool, smart trade and order tickets, 360 degree market view, expanded trade and account alerts, client sentiment capabilities. The new platform will also include third-party market research analytics.
In the final quarter of last year, GAIN expanded its offering. Forex.com, the retail FX brand of GAIN, launched Bitcoin trading in the fourth quarter – other cryptocurrencies, like Ethereum, Ripple and Bitcoin Cash are set to be added to the offering in the coming weeks. Also, Gain Capital’s UK business started offering GetGo – an innovative, trade signals app for novice traders. The global rollout of the solution is planned for 2018.
The deal for FXCM’s US business was only briefly mentioned during the earnings call, with GAIN restating numbers it had already provided in its report for the third quarter of 2017.
Perhaps worth noting is that GAIN’s CEO commented on ESMA’s proposed new rules for CFDs and binary options in Europe.
“We’ve actually been pretty to direct discussions with them recently in recent weeks. They’re still shaping opinions, still shaping the policies. We do expect some guidance in the coming weeks…”, Glenn Stevens, GAIN’s CEO.
The reality, he said, is that “the bigger more well capitalized established companies are going to be able to deal with these requirements better”.
Regarding any impact from the lower leverage limits proposed, GAIN reiterated its earlier assessment that as at the end of last year that at that point roughly 20% of GAIN’s global revenues came from the UK market. To the extent that the broker has professional clients there, they will not be impacted by the leverage changes. And probably measuring with an 80-20 rule in terms of the type of customers and the amount of revenue they generate, “clearly it’s less than 20% that potentially could be impacted by these changes”, the company estimates.
Credit for Earnings Call transcript: Seeking Alpha.
