The institutional trading arm of GAIN Capital Holdings (NYSE:GCAP) has teamed up with New York-based macro strategy research company Nightberg to deliver its clients additional information about foreign exchange trading. A set of high-quality research will be made available to clients of GTX.
Nightberg has been in business since relatively recently, as the firm was founded last year, but the company’s team is comprised of experienced professionals that have been working at very prominent hedge funds such as Bridgewater, Caxton Associates, and Moore Capital. The company was founded by Mario Manna and Birgir Haraldsson in mid-2015 alongside Chris Pia – founder and CIO of Pia Capital Management, who was the seed investor into the firm.
Nightberg’s product will be provided on a complementary basis to clients of GTX’s registered swap dealer.
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Commenting on the announcement, the co-founder of Nightberg, Mario Manna, said: “Both Nightberg and GTX are active in the global macro hedge fund and broader asset manager space and we see an excellent opportunity to work together to provide value to clients.”
The research which GTX clients will be receiving will be a mixture of fundamental economic analysis and market intelligence. Nightberg is aiming to identify between 3 and 4 systemic and impactful investment themes per year.
The company is also offering two weekly research products, called Sunday Observer and Country Reports.
“Providing Nightberg’s cutting edge research to our swap dealer clients is consistent with our goal to help clients effectively seize opportunities and avoid risks in the market,” elaborated the Managing Director of GAIN GTX LLC, David O’Connor.