The new office, located in the central business district, will be managed by Brian Tsui. He was formerly the head of retail FX at MF Global Hong Kong.
Gain Capital has also signed a white label agreement with Polaris Securities (Hong Kong), a wholly owned subsidiary of Polaris Securities, a Taiwan-based provider of online trading and financial innovation. The new partnership with Gain enables Polaris (HK) to expand its leveraged foreign exchange business.
Glenn Stevens, CEO of Gain Capital, said: “Hong Kong is a key global financial center in Asia with a robust regulatory framework. Our Hong Kong office will act as a regional business development hub and help us reach and address the needs of our clients and partners locally.”
James Hsu, managing director of foreign exchange division at Polaris (HK), said: “By partnering with Gain Capital, we were able to come to market much faster with an offering that speaks to the particular needs of our sophisticated clients, who demand best of breed online trading tools. Gain brought to the partnership a fully localized Chinese trading platform, technical resources and a local support team that enabled us to quickly customize and deploy the Polaris (HK) offering according to our specific business and regulatory requirements.”
Gain Capital and its affiliates are regulated by the Commodity Futures Trading Commission (CFTC) in the US, the Financial Services Authority (FSA) in the UK, the Financial Services Authority (FSA) in Japan and the Securities and Futures Commission (SFC) in Hong Kong.
