Gain hires PFG trading team to boost GTX platform


Foreign exchange electronic communication network Gain GTX has hired 10 traders from collapsed US futures broker Peregrine Financial Group as it continues to build out its institutional FX business after it was first launched by parent company Gain Capital in January 2010.

Peregrine Financial, widely known as PFG Best, filed for bankruptcy on July 10 after a long-running fraud left more than $200 million missing from its client funds. While Gain GTX has been aggressively building out its electro