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About GFT: Press Releases
Global Forex Trading Announces New Dealable PricesEffective in Transaction Sizes Up to 20 Million Units in Four Markets ADA, Michigan, 10 January , 2003 - Global Forex Trading announced today that the company will now offer dealable prices on transaction sizes up to 20 million in the USD/CHF, USD/JPY, GBP/USD and EUR/USD markets. Global Forex Trading has made this increase due to the increasing needs of asset managers and mid- to small level banks that have been using Global Forex Trading's platform as their primary liquidity provider. "Many institutional traders have found a home at GFT because of our superior liquidity and competitive pricing," said Gary Tilkin, president of Global Forex Trading. "In many cases, our trading desk has at its disposal more liquidity than many top tier FX banks. For an asset manager, it is important to know you are getting a good price on the market. By taking advantage of the anonymity that GFT provides - standing in-between the client and the top money center banks - execution becomes easier, more efficient and with less slippage from the desired entry point." Global Forex Trading cites its inter-bank dealing relationships as the main factor behind the company's unparalleled liquidity in the retail FX market maker sector. About GFT Founded in 1997, Global Forex Trading (GFT) is a world–leading provider of real–time currency dealing, pricing and comprehensive services for retail and institutional foreign exchange traders. Serving a global customer base in more than 100 countries through its DealBook® 360 trading software and 24–hour dealing desk operation, GFT's world headquarters is based in Ada, Mich., with global offices located in Chicago, New York, Tokyo, Sydney, Australia and London (London office operated through GFT Global Markets UK Ltd.). Global Forex Trading, Division of Global Futures and Forex, Ltd., is a registered futures commission merchant with the Commodity Futures Trading Commission (CFTC), a registered broker–dealer with the U.S. Securities Exchange Commission, holds a license with Japan's Financial Services Agency (FSA) and holds a license with the Australian Securities & Investments Commission (ASIC). GFT Global Markets is authorized and regulated by the Financial Services Authority. More information about GFT can be found at www.gftforex.com.
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