About GFT: History of GFT
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GFT began in 1997, as veteran commodities and futures trader Gary L. Tilkin was offering futures trading services from a small office in Michigan, U.S. Tilkin soon recognised inefficiencies the process of calling orders into the futures trading floor. Realizing that there were vast opportunities in the emerging foreign currency market, Tilkin envisioned building a network of traders by reaching out to this untapped market. That year, he created GFT (GFT) as a division of Global Futures & Forex, Ltd. to provide over-the-counter (retail) online forex trading services.
He recognised that technology could overcome obstacles such as service issues, limited market liquidity and narrow trading hours that occurred when trading currencies through the physical trading floor. GFT was able to bypass the exchange by developing technology solutions to provide secure and reliable high-speed online trading solutions and by dealing directly with large money centre banks.
As forex trading continued to grow in popularity, GFT focused on exceptional software, customer service and supervisory practices to set it apart from other firms. This strategy worked, and the introduction of GFT's fully customisable trading software, DealBookŪ FX, helped to propel the company to the top of the rankings. The company quickly outgrew its small office in Michigan, expanding into Chicago, New York City, Tokyo and Sydney.
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