GAIN Capital Group, Inc. a leading provider of foreign exchange trading and asset management services for institutional and individual investors, has been awarded 2006 "Private Company of the Year" by the New Jersey Technology Council (NJTC), a private, non-profit membership organization dedicated to supporting and promoting technology companies within the state of New Jersey.
The "Private Company of the Year" award falls into NJTC's Super Awards category. Key considerations include: being a market leader, unique product/service and strong financial performance. Past honorees include Vonage and MarketRx. This is GAIN's second award from the NJTC; in 2003, GAIN was honored as "Growth Company of the Year."
"We are pleased to again be recognized by the NJTC," said Mark Galant, CEO and Founder of GAIN Capital Group, LLC. "For the past seven years, GAIN has been committed to providing unsurpassed technology and service to our institutional and retail forex trading clients."
GAIN Capital has grown from a start up in 1999 into a global firm supporting clients in more than 140 countries, with monthly trade volume exceeding $100 Billion. In addition, GAIN leverages its proprietary trading platform by actively partnering with brokerage and technology firms around the globe. The firm's joint ventures with approximately a dozen third-party providers allow GAIN to offer âbest of breed' trading analytics & decision support tools along with its award-winning execution platform. To extend its distribution network, GAIN currently supports over 40 white label relationships with broker/dealers, Futures FCMs and other financial services firms in North America, Europe and Asia. These strategic white label partners now contribute approximately half of GAIN's annual revenue.
As a result of the firm's singular focus on delivering a superior customer experience, GAIN Capital has achieved 70%+ annual revenue growth for five consecutive years (FY2000-2005) and is currently on track to achieve 90% annual revenue growth for 2006, its best financial performance since 2002.
"GAIN's strong market position, proven business model and leading technology provide a substantial base for continued growth," continued Mr. Galant. "Moreover, our solid reputation as a principled and reliable partner within a highly competitive market is equally important to our ability to deliver cutting edge technological and product solutions."
Earlier this year, GAIN Capital Group, LLC was named to the prestigious Deloitte 2006 Technology Fast 50, Deloitte and Touche 500 and the 2006 INC 500 list of fastest growing, private companies in the United States.