12 December 2012

GPS Capital Markets Opens European Head Office in London, UK

- Leading corporate foreign exchange (FX) brokerage firm
- Approved by FSA to operate as an Authorised Payment Institution
- Investment supported by London & Partners and UKTI 

10 December 2012 - GPS Capital Markets Limited, a leading corporate foreign exchange (FX) brokerage firm, has been approved by the Financial Services Authority (FSA) to operate as an Authorised Payment Institution and has officially opened its European Head Office in London. 

Founded in 2002, GPS Capital Markets has grown into one of the US’s leading independent providers of foreign exchange management services to mid-size businesses with international operations or supplier networks. Its clients will typically be from the manufacturing or IT sectors and of a size where they would not have their own internal full time foreign exchange Treasury department/function. 

“With our unique blend of FX hedging, payment processing, exposure management and treasury management services, we help companies reduce risk and strategically navigate through volatile foreign exchange challenges,” Managing Partner of GPS Capital Markets, Jason Langston, said. “With this new facility, we are even better situated to help our clients in the EU strengthen their position in the market.” 

GPS Capital Markets has offices in Salt Lake City, Boston, Phoenix, Los Angeles, and Dallas. In Europe, the firm already provides several global companies with strategic foreign exchange services. It seeks to expand its clientele in the region and strengthen its strategic consulting and support. 

The opportunity to become part of the London landscape is an extension of the tremendous success GPS Capital Markets had initially with global firms headquartered in the United States,” said Nigel Green, Head of FX Sales, GPS Capital Markets Limited. “Managing foreign exchange risk is crucial for any company with international interests and we look forward to providing more companies in the EU with the unmatched service and uniquely tailored solutions that only we can deliver.” 

GPS Capital Markets has been supported by London & Partners, the official promotional organization for London, and UKTI in setting up their operations in London. The new office for GPS Capital Markets Limited is: Third Floor, 20 King Street, London, United Kingdom, EC2V 8EG. 

London & Partners is the official promotional organisation for London. London & Partners is a not-for-profit public private partnership, funded by the Mayor of London and a network of commercial partners. 

Source: London & Partners