GTX launches high-speed binary market data protocols on its FX ECN

LONDON, NEW YORK and SINGAPORE, April 4, 2016 /PRNewswire/ -- GTX, the institutional foreign exchange trading arm of GAIN Capital Holdings Inc., announced today it has launched live market data binary protocols free of charge to clients of its ECN trading platform. GTX developed the binary protocols to meet requests from algorithmic traders, including market makers, who can use the protocols to deliver more robust liquidity. Market participants can achieve a substantial reduction in processing time and memory usage when decoding incoming market data, enabling them to trade and make markets on the ECN more quickly.

"We are pleased to provide live market data binary protocols to our most data intensive market participants," said Steve Reilly, Head of Liquidity at GTX. "Binary market data protocols will expand the utility of the GTX ECN to algorithmic traders, with the goal of providing more robust liquidity to all market participants." 

The GTX binary market data protocols include GTTP, a proprietary binary protocol based on a new framework currently being standardized by the High Performance Working Group of FIX Protocol Limited. Benefits include microsecond-precision timestamps, and a choice of using either the User Datagram Protocol ("UDP") or the Transmission Control Protocol ("TCP").  

GTX posted a record year-to-date volume record of USD 17.8 billion (single count) on January 29, 2016. The record was comprised of USD 14.6 billion ECN volume and USD 3.1 billion executed by the swap dealer on an agency basis. GTX publishes its daily trading volumes on its website, www.gaingtx.com.

The data includes spot FX volume traded on the ECN as well as spot, swaps, options and non-deliverable forwards (NDF) executed by GTX's  swap dealer agency desk and Swap Execution Facility.

About GTX

GTX is the institutional foreign exchange arm of Gain Capital GCAP. GTX operates an array of electronic and voice trading solutions through its various entities including an ECN; prime of prime services, temporarily-registered SEF for NDF trading and a provisionally-registered swap dealer, which facilitates trade executions on an agency basis. Clients include banks, hedge funds, CTAs, asset managers, proprietary traders, brokers, and algorithmic trading firms. GTX is only available to ECP clients as defined in the U.S or Professional Status clients as defined in the UK.

For further company information, visit www.gaingtx.com.

About GAIN Capital

GAIN Capital GCAP provides market access and trade execution services to a diverse client base of retail and institutional investors across a range of exchange-traded and OTC markets. Founded in 1999, the company today supports customers in over 180 countries via several globally recognized brands, including FOREX.com, City Index and GTX.

GAIN Capital is headquartered in Bedminster, New Jersey, with a global presence across North America, Europe and the Asia Pacific regions.

For further company information, visit www.gaincapital.com.

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SOURCE GAIN Capital Holdings, Inc.