SOURCE: GPS Capital Markets

GPS Capital Markets

December 07, 2010 08:01 ET

GPS Capital Markets Announces East Coast Expansion With Opening of Boston Office

Fifth GPS Office Will Focus on Bolstering the Company's Business Development Efforts for the Eastern U.S.

BOSTON, MA and SALT LAKE CITY, UT--(Marketwire - December 7, 2010) - GPS Capital Markets (www.gpsfx.com), a leading corporate foreign exchange brokerage firm, today announced it has opened a new office, located in Boston that will support the company's sales efforts. The new office opened this month and is located at 109 State Street in Boston.

The company selected Boston based on its initial success in that region and its ability to further grow and support its business on the East coast. GPS currently has locations in Salt Lake City, Phoenix, Los Angeles, and Dallas.

"Our growth is being driven by the need for companies to manage their risks of doing business overseas and having a partner who can provide customized currency strategies to help offset the volatility in the foreign exchange markets," said Al Manbeian, managing partner and a founding member of GPS Capital Markets. "With our new office on the east coast, we anticipate being able to grow our business and work more closely with our clients to implement various FX strategies to help manage their exposure in the currency markets."

The opening of the Boston office comes on the heels of company's expansion into Dallas and the purchasing of additional office space in Los Angeles. The company is also considering plans to open up more offices throughout the United States during the next year.

About GPS Capital Markets
Based in Salt Lake City, GPS Capital Markets, Inc. provides corporate foreign exchange services that help companies manage their foreign currency risks and executive foreign currency transactions. Founded in 2002, GPS brings together a senior management team rich in international banking experience from the world's leading financial institutions. It combines competitive exchange rates with a host of tailored international financial solutions. For additional information, visit www.gpsfx.com or call 800-459-8181.

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