Forex ideas

UK Venture Created For Trading
The United Kingdom is getting a new chance to do some market trading as a new business venture appears on the Forex playing field. The Rosenthal Collins Group, LLC and the GAIN Capital Group, LLC, are joining together in an effort to open up operations and opportunities in the United Kingdom. Rosenthal Collins is one of the trading community’s leaders in independent futures, a clearing firm for this type of trading. GAIN is a leader in the market of Forex trading.

The new entity will be known as RCG GAIN Limited and they plan on offering online Forex and futures trading to self-directed investors that live in the United Kingdom. They intend to expand their business in the European Union upon seeing how the firm does with their English clients. So far, RCG GAIN has received authority from the Financial Services Authority in the United Kingdom to offer their services.

The two firms are delighted over the partnership and feel that they are embarking on an important trading venture. They feel that they compliment each other with their combined expertise in futures and other related technology concerns. With strong financial foundations, GAIN’s industry leading breakthrough in Forex, and their shared entrepreneurial culture, their clientele is going to get the best of both worlds as well as high customer service.

The venture has been formulated so that RCG will provide futures services while GAIN will provide advanced Forex trading technology. GAIN will also be leading the joint venture in anything that has to do with marketing. They will share a corporate staff that will be overseen by an executive officer and compliance officer, both of whom will report to a combined board of directors. In addition to their brokerage and trading operations, RCG GAIN Limited also plans on future collaborations that will have to do with cross-marketing initiatives.

According to Maureen Downs, RCG’s president, “We see forex as a very attractive growth area, and view this endeavor as an opportunity to expand our long-established futures services. The UK venture with GAIN represents the latest step in our global growth strategy, and we look forward to identifying further opportunities throughout Europe as this initiative takes hold.”

Currently, Forex is the most actively traded market in the world, exceeding $3.2 trillion on a daily basis. It has gained acceptance on an international level and the volume of trade increased 500% over a five year period.