In this newly-created position, Mr. Haines will report to Glenn Stevens, CEO, and will become a standing member of the executive management team.

As CIO, Mr. Haines will be responsible for aligning IT strategy with the strategic business objectives of the company, as well as overseeing day-to-day technology operations. Specifically, Mr. Haines responsibilities will include all aspects of the company's information technology, including trading and business application development, infrastructure operations, and business continuity planning.

"GAIN's tremendous growth over the past several years has underscored the need for a cohesive, integrated approach to technology," stated Glenn Stevens, GAIN's chief executive officer. "Andrew is well-suited to create and execute a global vision for the trading and business infrastructure needed to enhance GAIN's growing operations throughout the world," said Mr. Stevens.

Mr. Haines was most recently vice president, application development at GAIN Capital Group. He has over 20 years of experience delivering business and trading solutions for major corporations in the financial services and brokerage industries, including Merrill Lynch and Smith Barney. Prior to joining GAIN Capital Group in March of 2005, Mr. Haines was chief information officer and vice president of technology at Bluefly, the online retailer.