GAIN Capital’s GTX Hires David O’Connor and Jean Darsses from BTIG

The institutional foreign exchange unit of GAIN Capital GTX has announced that it is expanding its sales team. The move comes amid a consistent performance and growing trading volumes in recent months that have solidified GAIN Capital’s GTX as one of the major ECNs in the industry.

The company has on-boarded David “Doc” O’Connor and Jean Darsses as managing directors that will serve as senior sales executives to support GAIN Capital’s registered swap dealer facility which is providing agency Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term services in spot FX, forwards, non-deliverable forwards (NDFs), Swaps Swaps Swaps can be defined as a derivate contact composed of two parties that exchange to cash flow between two separate financial instruments.They are generally divided into two categories. This includes contingent claims (options) and forward claims, where forward contracts, swaps, and exchange-traded funds (ETFs) are exchanged. Commodity price, equity price, interest rate, and foreign exchange rate are common variables used as one of the cash flows in swaps upon initiation. Different Types of Swaps Swaps can be defined as a derivate contact composed of two parties that exchange to cash flow between two separate financial instruments.They are generally divided into two categories. This includes contingent claims (options) and forward claims, where forward contracts, swaps, and exchange-traded funds (ETFs) are exchanged. Commodity price, equity price, interest rate, and foreign exchange rate are common variables used as one of the cash flows in swaps upon initiation. Different Types of Swaps Read this Term, options.

The new duo joins the company after a short stint at BTIG, where O’Connor was Director of Foreign Exchange and Darsses worked in a Foreign Exchange Sales & Trading position.

Mr O’Connor has previously worked at Macquarie Bank, Unicredit, Societe Generale and HSBC, while Mr Darsses previously held senior foreign exchange sales roles at BNP Paribas and Barclays with a short stint at Bloomberg LP in between.

Both new executive hires at GTX will will be based in GAIN Capital’s Bedminster, New Jersey and Jersey City, New Jersey offices, and will be reporting directly to John Miesner, GTX’s Global Head of Sales, who joined the firm last year.

Commenting on the announcement, Meisner said: “We are thrilled to welcome Dave and Jean to the GTX team. Their addition enables us to further expand the collaborative voice agency execution services that add value for our buy and sell-side clients.”