GFT and GAIN Agree to Merge
On 25 April, 2013, GFT and GAIN Capital Holdings, Inc. (NYSE: GCAP) announced that they have agreed to merge. The combination creates a larger, stronger company bringing innovation in trading technology and award-winning customer service to our clients and partners.
Both GAIN and GFT have long and established histories in the online trading space, and together can leverage the best of breed in technology, service, dealing, and execution to create a new industry leader, with:
- Over 12,500 tradable products, including FX, CFDs, binary options, spread betting, FX options and exchange traded futures and options.
- Customers in 180 countries
- Approximately $650 million of customer assets
- $4.6 trillion in total annual trading volume
- Regulated entities in seven jurisdictions - U.S., U.K., Japan, Hong Kong, Canada, Singapore and Australia
What does this mean for GFT customers?
If you are a GFT customer, there will be no change to the way you access your account, to your spreads or execution, the trading platform and tools available to you, or the level of service you receive. The transaction is expected to close in the next few months. We will provide information related to the transition as soon as possible after the transaction is completed.
GAIN intends to retain the popular DealBook® platform after the deal closes, in order to ensure absolutely no interruption to your service.
Who is GAIN Capital?
GAIN Capital Holdings, Inc. (NYSE: GCAP) is a global provider of online trading services. Through their retail brand, FOREX.com, GAIN provides retail traders around the world access to a variety of global OTC financial markets, including forex, precious metals and CFDs. GAIN Capital also operates GTX, a fully independent FX ECN for hedge funds and institutions and Open eCry (OEC), an innovative online futures broker. Founded in 1999, GAIN Capital and its affiliates have offices in New York City; Bedminster, New Jersey; London; Sydney; Hong Kong; Tokyo; Singapore; Beijing; and Seoul.
For more information, here is a link Gain’s press release of 25th April 2013, as well as some FAQs. If you have questions, please feel free to contact us via live chat or the phone numbers at the bottom of this page.