Breaking: GAIN Capital GTX Hires Institutional Sales Veteran Thomas Reichel

GAIN Capital's GTX team is bolstered with another foreign exchange industry veteran from Hotspot.

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.

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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.

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non-bank liquidity 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 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).

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