Bedminster, New Jersey â March 6, 2006 -- GAIN Capital Group, a leading non-bank provider of foreign exchange (FOREX) trading and asset management services, today announced the opening of a new 44 Wall Street location in downtown Manhattan. The new office serves as the U.S. sales headquarters for FOREX.com, the retail division of GAIN Capital Group, Inc. The firm's corporate headquarters are located in Bedminster, New Jersey.
"FOREX.com is the fastest growing part of our business, with the division contributing 60% of new accounts in the fourth quarter of 2005" said Mark Galant, CEO of GAIN Capital." For the month of January 2006, new accounts at FOREX.com were almost 2 Â½ times the number of new accounts opened 12 months earlier, in January 2005.
Currently staffed with a team of 16, GAIN is actively recruiting in the areas of sales and support and expects to double the existing team by mid year.
"With the explosive growth we're experiencing on the retail side, the expansion to 44 Wall Street is a natural progression for the firm," commented Mr. Galant. "A Wall Street presence will allow us to better support our client base through access to a larger talent pool of experienced capital markets professionals. As always, our goal is to provide our clients with the highest level of customer service."