Gain trading volumes rising

TECHNOLOGY NEWS

WARREN, NJ -- Online retail FX trading firm Gain Capital last week announced trading volumes of $15 billion in May 2002, compared with $5 billion in May 2001.

The firm, which celebrated its second anniversary of live e-trading last week, also saw a 475% increase in customers over the same period.

"Based on year-to-date performance, Gain is on track to reach $200 billion in total trade volume in 2002," said Mark Galant, chief executive at Gain in New Jersey.

"We have surpassed all of our proj