GAIN Capital Holdings Inc incorporated in Delaware in October 1999. The Company is a provider of trading services and solutions in over-the-counter, or OTC, and exchange-traded markets. It services retail and institutional customers in more than 180 countries and conduct business from its offices in New York, Bedminster, Chicago, Powell, Grand Rapids, London, Tokyo, Sydney, Beijing, Hong Kong and Singapore. The Company offers its customers access to a diverse range of over 12,500 financial products, including foreign exchange, or forex, precious metals, contracts for difference, which are investment products with returns linked to the performance of underlying commodities, indices, individual equities, bonds and interest rate products, OTC options on forex, as well as futures and options on futures on more than 30 exchanges. In the United Kingdom, it also offers spread bets, which are investment products similar to CFDs, but that offers more favorable tax treatment for residents of that country. It works with a variety of different types of introducing brokers, ranging from small, specialized firms that specifically identify and solicit customers interested in forex trading, more established financial services firms seeking to enhance their customer base by offering a broader array of financial products. For its institutional customers, the Company provides agency execution services and operates a trading venue. It offers access to markets and self-directed trading in foreign exchange, commodities, equities, options, and futures via an electronic agency-based platform. It also offer touch sales and trading aided by a team of sales employees. Through its GTX platform, an electronic communications network, or ECN, it provides deep liquidity in spot and forward foreign exchange and precious metals to buy-side and sell-side firms, including banks, brokers, hedge funds, Commodity Trading Advisors, or CTAs, and asset managers. The Company competes with Forex Capital Markets LLC, OANDA Corporation, Interactive Brokers, IG Group Holdings plc, City Index Group and CMC Group. In some jurisdictions in which the Company offers its products and services are subject to regulation as a result of the nature of the market or the manner in which it conducts its business.
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