Gain Capital, a provider of online trading services, has opened an 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 in 2009.
"Hong Kong is a key global financial centre in Asia with a robust regulatory framework," says Glenn Stevens (pictured), chief executive of 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 who was formerly head of retail FX at MF Global Hong Kong.
The company has signed a white label agreement with Polaris Securities (Hong Kong), a securities firm and the largest market-maker of index futures and options in Taiwan. The new partnership 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," says James Hsu, managing director, foreign exchange division, Polaris (HK). "Gain brought to the partnership a fully localised Chinese trading platform, technical resources and a local support team that enabled us to quickly customise and deploy the Polaris (HK) offering according to our specific business and regulatory requirements."
