GFT opens London office

GFT Global Markets, a new division of US firm Global Futures & Forex, has opened a London office offering spot FX, spread betting and contracts for differences.

The office will target active traders, hedge funds and institutions in Europe, Australia, Asia and the Middle East.

Ted Frith has been named director of sales for the London company. Frith’s career includes a spell as head of FX sales at Dresdner Kleinwort Wasserstein.

GFT Global Markets is the sister firm of the US forex trading firm, Global Forex Trading (GFT), and is run by Gary Tilkin, founder and chief executive officer of GFT.

Tilkin will lead GFT Markets, in addition to a handpicked management team of forex dealing staff and other areas of finance.

Earlier this year, GFT was granted a licence from the Financial Services Agency of Japan, allowing the firm to offer forex-margin trading to Japanese investors.

Tags: CFDs, GFT Global Markets, Global Futures, spread betting

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