Gain Capital’s Forex.com Expands Product Offering With New Oil ContractGAIN Capital, a global provider of online trading services, today announced that its FOREX.com UK division has added West Texas Intermediate (WTI) oil, enabling clients to trade WTI alongside Brent Crude Oil (BCO), global currencies, gold and silver.
Attachment FOREX.com offers West Texas Intermediate (WTI) as a Contract for Difference (CFD) with five percent margin and the flexibility to trade small contracts from just one lot, representing 100 barrels. The FOREX.com WTI contract tracks the current price of WTI futures trading on the Intercontinental Exchange (ICE). To help clients follow the latest market trends impacting the price of oil FOREX.com offers premium trading tools such as real-time charts, news and daily market commentary from the FOREX.com research team. According to Jane Foley, research director, FOREX.com: “Crude oil is the world’s most widely traded commodity and WTI is the most liquid crude oil market, serving as the primary international price of oil. WTI is the benchmark for U.S. oil demand and offers another asset class in which to trade the U.S. economic outlook. In contrast, BCO is the benchmark for European demand and offers a separate opportunity to speculate on European developments.” Ms. Foley continues, “Over the past year, the two have been only about 60 percent correlated, so there is a clear regional component beyond basic oil drivers. In particular, WTI is subject to weekly U.S. inventory reports, which frequently provides a potent catalyst to price action, while Brent has no such data set.” Prospective traders may register online for a free practice account or learn more at www.forex.com/ -Ends- About GAIN Capital GAIN Capital Holdings, Inc. is a global provider of online trading services, specializing in foreign exchange (forex or FX) and contracts for difference (CFDs). Customers and trading partners in more than 140 countries have utilized the company’s award-winning trading platform which transacts nearly $200 billion per month. A pioneer in online forex trading, GAIN Capital operates FOREX.com, one of the largest and best-known brands in the retail forex industry. It also provides execution, clearing, custody and technology products and services to an institutional client base including asset managers, broker/dealers and other financial services firms. With offices in New York City; Bedminster, New Jersey; London; Seoul; Tokyo; and Hong Kong, GAIN Capital and its affiliates are regulated by the Commodity Futures Trading Commission (CFTC) in the United States, the Financial Services Authority (FSA) in the United Kingdom, the Financial Services Authority (FSA) in Japan, and the Securities and Futures Commission (SFC) in Hong Kong. GAIN's investor group includes private equity firms 3i, VantagePoint Venture Partners, Tudor Ventures, Edison Venture Fund and Cross Atlantic Capital Partners. For company information, visit www.gaincapital.com or www.forex.com. Press enquiries to: Alison Cashmore Marketing Director, FOREX.com UK Email: acashmore@gaincapital.com Tel: +44 (0)20 7398 5022 Lizzie Hannaway, Broadgate Mainland Email: ehannaway@broadgatemainland.com Tel: +44 (0)20 7726 6111 Investor relation enquiries to: Miri Segal-Scharia MS-IR LLC Email: IR@gaincapital.com Tel: +1 917 607 8654 # # # Founded in 1994, Broadgate Mainland is an award-winning company that specialises in financial services public relations. End
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