FX Tech Firm GFI to Hold Investor Meet in New York, Gain Capital’s April Metrics Released

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FX Tech Firm GFI to Hold Investor Meet in New York, Gain Capital’s April Metrics ReleasedFX trading technology firm GFI Group Inc will conduct an Investor Day this coming Thursday in New York. The session will begin at 9.00 a.m. EST, with senior managers of GFI giving presentations touching on several aspects of its business.

However, only those who are invited are allowed to attend the event. A live audio web cast showcasing the event will be made available on GFI’s website. Interested parties are invited to register for the web cast on the website, said the company in a press release.

The New York-headquartered GFI, which was established in 1987, employs 2,000 people worldwide and has offices in Dublin, London, Hong Kong, Paris, Sugar Land (Texas), Nyon, Brussels, Mexico City, Dubai, Tel Aviv, Tokyo and Seoul among other cities.

The company acts as an intermediary in international OTC (Over the Counter) and Listed Markets, making available a broad range of trading technologies to traders. Key brands include Trayport, which is used in energy trading and FENICS, a major forex options trading software.

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In a separate report, leading U.S. FX firm Gain Capital-which owns Forex.com- saw its monthly volume metrics in April decline both in retail and institutional segments of its business. The institutional side saw business plunge 7.4 percent while the retail front saw volumes decline 5.5 percent, reported Wall Street Journal.

April’s retail volumes stood at $174.4 billion, with average daily volumes plummeting 9.8 percent on a monthly basis to $7.9 billion. The ADV metric of the institutional side of the business plunged 11.6 percent to $18.6 billion. To register for a free 2-week subscription to ForexMinute Premium Plan, visit www.forexminute.com/newsletter.

To contact the reporter of this story; Yashu Gola at yashu@forexminute.com