GAIN Capital Fortifies GTX Platform with Three Senior FX Positions

GAIN Capital has revamped its leadership personnel for its institutional FX spot platform, GTX, with a trio of hires, appointing Paul Spillman, Peter Snasdell, and Keith Mash as Directors of FX sales.

With FX Institutional Trading Institutional Trading Institutional trading can be characterized as individuals or entities with the ability to invest in securities that are not available to retail traders directly.This includes specific investments such as FX forwards or swaps, among others.There are many types of players in the institutional trading space. These include central banks, retail and commercial banks, internet banks, credit unions, savings, and loan associations, investment banks, investment companies, brokerage firms, insurance compa Institutional trading can be characterized as individuals or entities with the ability to invest in securities that are not available to retail traders directly.This includes specific investments such as FX forwards or swaps, among others.There are many types of players in the institutional trading space. These include central banks, retail and commercial banks, internet banks, credit unions, savings, and loan associations, investment banks, investment companies, brokerage firms, insurance compa Read this Term volumes in a state of flux at GAIN Capital following the recent July metrics report earlier this month, the US-based broker has decided to bolster its division to help stimulate institutional FX sales. Paul Spillman, Peter Snasdell and Keith Mash will all be serving as Directors of FX Sales, reporting to Vincent Sangiovanni, Chief Operating Officer at Gain Capital GTX.

Familiar Faces

According to Mr. Sangiovanni in a recent statement on the appointment,"Following the strong growth and success of GAIN’s GTX's agency desk in New York over the last two years, our goal is to replicate the same success in London to better serve our UK and European customers."

Mr. Spillman and Mr. Mash are both recently added GAIN executives, having served as Senior Vice Presidents in FX Sales at Marex Spectron and previously at Newedge. Conversely, Mr. Snasdell also has ties to Newedge for a two year period of time between 2008-2010 – he also has extensive experience in FX sales during his aforementioned position and also at BNP Paribas.