Henry Durrant Joins GTX as Director of Liquidity Management

The institutional unit of GAIN Capital, GTX has on-boarded a new seasoned hire in London. The company hired industry veteran Henry Durrant who joins from Mitsubishi UFJ. He is going to assume a Directorial role in the London office responsible for Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term management.

The liquidity management of GTX is tasked with the optimization of liquidity for clients before they start trading live via the company’s Electronic Communications Network (ECN) Electronic Communications Network (ECN) Electronic Communications Network or ECNs are execution venues which are providing the infrastructure for matching buyers with sellers. Electronic trading is traditionally used in OTC products and outside of exchanges. An ECN normally functions as an electronic system that disseminates orders entered by market makers to third parties. In doing so, an ECN permits the orders to be executed against in whole or in part. The most common products that are traded on ECNs are stocks and currencies, maki Electronic Communications Network or ECNs are execution venues which are providing the infrastructure for matching buyers with sellers. Electronic trading is traditionally used in OTC products and outside of exchanges. An ECN normally functions as an electronic system that disseminates orders entered by market makers to third parties. In doing so, an ECN permits the orders to be executed against in whole or in part. The most common products that are traded on ECNs are stocks and currencies, maki Read this Term). The team also services the needs of clients on an ongoing basis after that.

Durrant will join GTX effective from April 19, 2018. He is coming to the firm from Bank of Tokyo, Mitsubishi UFJ, where he worked in the electronic FX group. Before joining the Japanese bank, Durrant was employed by Thomson Reuters in hedge fund sales, FXall, and DealHub.

Based in London premises of GAIN institutional business GTX, Durrant will be reporting to the company’s Global Head of Liquidity, Stephen G. Reilly.