FX news: Gain and KIS are TrueFriends

Gain Capital announced on Monday that it has been selected as a primary clearing partner for Korea Investment & Securities (KIS).

KIS is a subsidiary of Korea Investment Holdings, Korea’s largest non-bank financial holding company. Gain, which opened an office in Seoul last year, is now providing KIS with real-time pricing, execution, settlement and custody services in support of its recently launched margin FX business, TrueFriend.com.

Jin Tae Kim, managing director at KIS, says: “We selected Gain because of their robust technology infrastructure, their ability to meet our aggressive time-to-market goals and, most importantly, their professional reputation.

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