BEDMINSTER (Indonesia Today) - GAIN GTX, LLC, the institutional division of GAIN Capital Holdings, Inc., has signed an agreement with the Indonesia Commodity and Derivatives Exchange (ICDX), the leading futures exchange in Indonesia, under which GTX will provide trading technology and liquidity services for ICDX's new currency contracts. ??
ICDX is the first Indonesian exchange to receive regulatory approval from Indonesia's Commodity Futures Trading Regulatory Agency (COFTRA) to offer currency products.?
Under the terms of the agreement, GTX will connect its current global network of institutional liquidity providers to ICDX, and ICDX will utilize GTX's ECN technology to provide its members, and their clients, a state of the art trading interface for price discovery, trade execution, sophisticated order management and algorithmic trading.?
ICDX is scheduled to launch with 27 currency contracts in the first quarter of 2013. (Indonesia Today)
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