GAIN Capital's FOREX.com Releases Its January 2011 Trade Execution Scorecard; Adds New Execution Rate Metric
NEW YORK, LONDON and SYDNEY, February 24, 2011 /PRNewswire/ --
- January 2011 scorecard reveals 99.7 percent of trades executed in less than 1 second; 72 percent of limit orders price improved; 99.7 percent execution rate
- FOREX.com also adds live spread feed for all its products available for trading
GAIN Capital (NYSE: GCAP), a global provider of online trading services, has released the January 2011 trade execution scorecard for its retail division, FOREX.com(R).
Newly added to the FOREX.com execution scorecard is an execution rate statistic, showing that 99.7 percent of all valid trade requests were successfully executed in the period. In addition, FOREX.com now publishes a live spread feed on its website, displaying the current bid/offer spread for all products available for trading at FOREX.com.
"Adding the new execution rate statistic to our scorecard and publishing our live spreads further demonstrates our commitment to providing traders with greater transparency into our business and the forex market in general. Our goal is to provide traders with the information they need in order to make more informed decisions - not only trading decisions but also about their choice of forex provider," said Glenn Stevens, CEO, GAIN Capital. "The trading community has recognized our efforts to bring greater transparency to retail forex and we will continue to work in this direction."
The monthly execution scorecard is available on the FOREX.com website (http://www.forex.com).
FOREX.com Execution Scorecard - January 2011 (source: FOREX.com) Execution Speed % of trades executed in less than 1 second Represents all market and instant execution orders 99.7% Average execution speed Elapsed time between market order receipt and execution .08 seconds Execution Price % of limit orders price improved Limit orders executed at a price better than the requested price 72% Average price improvement per limit order Pip difference between requested and executed price of price improved limit orders (currencies only) .66 pips % of limit orders filled "at or better" Limit orders executed at the requested rate or better 100% Execution Rate % of trades successfully executed Includes all valid market, instant execution, limit and stop orders 99.7%
FOREX.com's January 2011 execution scorecard represents orders executed on FOREX.com's FOREXTrader platforms during market hours between 1700 ET on December 31, 2010 and 1700 ET on January 31, 2011.
About GAIN Capital
GAIN Capital Holdings, Inc. (NYSE: GCAP) is a global provider of online trading services. GAIN's innovative trading technology provides market access and highly automated trade execution services across multiple asset classes, including foreign exchange (forex or FX), contracts for difference (CFDs) and exchange-based products, to a diverse client base of retail and institutional investors.
A pioneer in online forex trading, GAIN Capital operates FOREX.com(R), one of the largest and best-known brands in the retail forex industry. GAIN's other businesses include GAIN GTX, a fully independent ECN for hedge funds and institutions, and GAIN Securities, Inc. (member FINRA/SIPC) a licensed U.S. broker-dealer.
With offices in New York City; Bedminster, New Jersey; London; Sydney; Hong Kong; Tokyo; and Seoul, GAIN Capital and its affiliates are regulated by the Commodity Futures Trading Commission (CFTC), the National Futures Association (NFA) and the Securities and Exchange Commission (SEC) in the United States; the Financial Services Authority (FSA) in the United Kingdom; the Financial Services Agency (FSA) in Japan; the Securities and Futures Commission (SFC) in Hong Kong; and the Australian Securities and Investments Commission (ASIC) in Australia.
For company information, visit http://www.gaincapital.com or http://www.forex.com.
FOREX.com is a registered trademark of GAIN Capital Holdings. All other trade names are the property of their respective owners.
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