GAIN GTX Bolsters Institutional Unit with New Director

He joins GAIN GTX after a lengthy tenure in the foreign exchange (FX) industry, dating all the way back to

GAIN GTX, a wholly owned subsidiary of GAIN Capital Holdings, Inc., has bolstered its institutional sales division, this time naming Sal Provenzano as its newest Director, according to information made public on his LinkedIn profile.

In his new role as the Director of Institutional Sales at GAIN GTX, Mr. Provenzano will be based out of New York, where he will focus on the group’s US clientele. He joins GAIN GTX after a lengthy tenure in the foreign exchange (FX) industry, dating back to 1981.

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Prior to landing at GAIN GTX, Mr. Provenzano worked at Velocity Trade as its Head of Institutional FX since April 2013. Additionally, he also held senior level roles at Prudential Bache/Jeffries Bache as its Global Head of FX Prime Brokerage, ABN AMRO Bank as its Director and Head of FXPB Sales, and MW Marshall Group as its Managing Director and Head of Foreign Exchange Brokerage.

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In addition to Mr. Provenzano, Alberto Mellone joins GTX from US broker, FXCM Pro having been an integral contributor to its institutional sales team. Prior to FXCM, Mr. Mellone also worked at the Rosenthal Collins Group in instutitonal forex sales, as well as Bloomberg and JP Morgan.

According to John Miesner, Global Head of Sales of GTX, in a recent statement on the appointments, “We are thrilled to welcome Sal and Alberto to GTX. Their tremendous collective experience working at the highest level of international forex and trading will help form a critical component of our global sales capability at a time when the business is undergoing one of its strongest periods of growth. We are confident that Sal and Alberto will contribute significantly to our continued expansion.”

GAIN Capital made headlines back in June after its Executive Vice President and Chief Product Officer Muhammad Rasoul parted ways with the US broker. Mr. Rasoul has been an instrumental force at GAIN Capital for the past three years, having originally joined the broker in May 2012.

GAIN GTX is a fully independent FX ECN, which offers a number of execution and order management solutions and liquidity. The unit is owned by its parent company, GAIN Capital Holdings (NYSE:GCAP).

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