Breaking: GAIN Capital GTX Hires Institutional Sales Veteran Thomas Reichel

GAIN Capital's institutional trading focused GTX unit has hired industry veteran Thomas Reichel as Director of Institutional Sales. The expertise which the newest hire brings on board is focused on companies which are engaged in proprietary trading.

Thomas Reichel joins the company after serving at HotspotFX for over 10 years. He will continue to be based in Chicago and will be reporting to John Miesner, effectively restoring a long serving due at Hotspot FX.

John Miesner served at Hotspot FX for 14 years before joining Gain Capital’s GTX as Managing Director and Global Head of Sales last year.

non-bank Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term providers have proven their mettle providing FX liquidity on a day-to-day basis

The total experience of Reichel in the foreign exchange industry amounts to over 20 years. He has been on both sides of the aisle, working as a trader and as a sale person. After holding his position as Managing Director of FX Sales at BATS Global Market’s ECN for 6 years he is boosting the sales effort at GTX, which is strongly committing to expand its market share.

Commenting on the news, the Managing Director and Global Head of Sales at GAIN Capital’s GTX, John Miesner, said: “With his long experience serving proprietary trading firms, Tom is a great asset and we are pleased to welcome him to the GTX team. He joins us at a pivotal time when non-bank Liquidity Providers Liquidity Providers A liquidity provider (LP) constitutes either individual and/or institution that functions as a market maker in a given asset class. Broadly speaking, liquidity providers will act as the both the buyer and seller of a particular asset, thus making a market. In the equities space, many stock exchanges rely on liquidity providers who make the commitment to provide liquidity in a given equity. These liquidity providers commit to providing liquidity in the hopes that they will be able to make a profi A liquidity provider (LP) constitutes either individual and/or institution that functions as a market maker in a given asset class. Broadly speaking, liquidity providers will act as the both the buyer and seller of a particular asset, thus making a market. In the equities space, many stock exchanges rely on liquidity providers who make the commitment to provide liquidity in a given equity. These liquidity providers commit to providing liquidity in the hopes that they will be able to make a profi Read this Term have proven their mettle providing FX liquidity on a day-to-day basis as well as during times of market stress.”

Before joining Hotspot as as VP of Sales in 2005, Thomas Reichel held a variety of trading roles at Kingstree Trading and Chicago Research and Trading (CRT).