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Gain Capital launches Forex.com in Japan

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Gain Capital, a provider of online trading services, has launched Forex.com, its margin foreign exchange trading service, in Japan.

"Japan is a very important market for us. FX as an asset class is popular among Japanese investors and we believe that the retail FX market in Japan will continue to grow," says Glenn Stevens (pictured), chief executive of Gain Capital. "While we have been operating in Japan for the past seven years through our white label partners, we are excited to finally have the opportunity to introduce our full capabilities to the Japanese market.’

Earlier this year, Gain Capital acquired a majority interest in Japanese retail FX provider Fortune Capital, a Gain white label partner since 2002. The company was subsequently renamed Gain Capital Japan and now offers FX trading services to Japanese retail investors under the Forex.com brand name. Gain Capital Japan maintains a Tier 1 securities license with Japan’s Financial Services Agency and client funds are held in a separate trust bank account.

According to Japanese research firm Yano Research Institute, retail FX trading volume in Japan increased an estimated 35 per cent in the past year, from approximately 740 trillion yen in March 2008 to over one quadrillion yen in March 2009. In addition, the number of accounts was expected to reach 1.79 million up, 44.9 per cent over the same time period.

Forex.com Japan features a fully localised version of its proprietary trading platform, ForexTrader Pro, as well as the MetaTrader 4 platform.

Wee Pin Tan, managing director of Gain Capital Japan and founder of Fortune Capital, says: "Leveraging the resources and expertise of a well-capitalized, global company will enable our Tokyo-based team to deliver world-class products and services tailored specifically to the needs of the retail Japanese trader, while upholding Gain’s high standards for reliability and customer service."

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