Gain Capital launches new pricing comparison for enhanced accuracy

Friday, 19/08/2011 | 11:11 GMT by Adil Siddiqui
Gain Capital launches new pricing comparison for enhanced accuracy

Gain Capital a global provider of Online Trading services is eager to get positive news on the back of their mishaps with the NFA on pricing.

Gain Capital has launched a new service whereby traders can view live comparison data demonstrating the accuracy of their pricing relative to the larger OTC FX marketplace.

The price information is now available at Forex .com®, GAIN's retail division, and compares the midpoint for each of FOREX.com's most widely traded currency pairs to that of GTIS, an independent FX rate feed from Interactive Data Corporation.

In addition to providing some of the industry's most detailed statistics on pricing, FOREX.com has also taken a leadership position on publishing trade execution statistics. Since January 2011, FOREX.com has been releasing monthly Execution Scorecards, with year to date information available at https://www.forex.com/pricing-execution-scorecard.html.

For the seven month period of January to July 2011:

  • FOREX.com executed 99.6 percent of all trades in less than one second;
  • Had an average execution speed of .08 seconds;
  • Price improved 71.5 percent of all limit orders; and
  • Successfully executed 99.6 percent of all valid trade requests.

Transparency is a being questioned by all market participants especially as traders are getting more sophisticated and tools to analyse the accuracy of data are ever-present.

Read rest of the PR here.

Grab your latest copy of the Forex Magnates Retail Forex Industry Report.

Gain Capital a global provider of Online Trading services is eager to get positive news on the back of their mishaps with the NFA on pricing.

Gain Capital has launched a new service whereby traders can view live comparison data demonstrating the accuracy of their pricing relative to the larger OTC FX marketplace.

The price information is now available at Forex .com®, GAIN's retail division, and compares the midpoint for each of FOREX.com's most widely traded currency pairs to that of GTIS, an independent FX rate feed from Interactive Data Corporation.

In addition to providing some of the industry's most detailed statistics on pricing, FOREX.com has also taken a leadership position on publishing trade execution statistics. Since January 2011, FOREX.com has been releasing monthly Execution Scorecards, with year to date information available at https://www.forex.com/pricing-execution-scorecard.html.

For the seven month period of January to July 2011:

  • FOREX.com executed 99.6 percent of all trades in less than one second;
  • Had an average execution speed of .08 seconds;
  • Price improved 71.5 percent of all limit orders; and
  • Successfully executed 99.6 percent of all valid trade requests.

Transparency is a being questioned by all market participants especially as traders are getting more sophisticated and tools to analyse the accuracy of data are ever-present.

Read rest of the PR here.

Grab your latest copy of the Forex Magnates Retail Forex Industry Report.

About the Author: Adil Siddiqui
Adil Siddiqui
  • 1625 Articles
About the Author: Adil Siddiqui
  • 1625 Articles

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