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GFT Global Markets launches London derivatives and FX dealing operation

14 June 2006  |  2432 views  |  0 Source: Global Futures & Forex

Sophisticated investors wanting the latest in technology, software and service for online derivatives and spot foreign exchange trading can now trade through GFT Global Markets UK Ltd., a company that's been created by a leader in online financial trading.

The London-based division of the leading U.S. firm, Global Futures & Forex, Ltd., has been established to offer spread betting, contracts for differences and spot forex trading services to active traders, hedge funds and institutions in Europe, Australia, Asia and the Middle East.

GFT Global Markets is the sister company of the leading U.S. forex dealing firm, Global Forex Trading (GFT). It is the venture of Gary L. Tilkin, a reputable global commodities and financial services entrepreneur, and the founder and CEO of GFT.

Tilkin grew GFT from a small futures business he started in his basement into a successful company with a multibillion dollar monthly turnover, which now deals spot forex trading to customers in 120 countries worldwide through a pioneering online software program.

As GFT's sister company, GFT Global Markets UK Ltd. will be led by Tilkin and a handpicked management team of experienced financial spread betting, contracts for difference and forex dealing staff, several of whom came from well-established companies in the financial trading industry.

"We have recruited a highly knowledgeable staff with a broad understanding of financial markets and the refined needs of modern private trading customers," Gary Tilkin, founder and chairman, GFT Global Markets UK Ltd.

Based in the Canary Wharf development of London, GFT Global Markets UK Ltd. will operate using many of the technologies distinguished by while also applying them to deliver better processes and ideas to the spread betting and CFD industries.

Experts estimate that more than 100,000 people in the U.K. now spread bet or trade CFDs on a regular basis, either to protect investment portfolios against adverse market movements or for pure speculation.

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