FX Industry Week Review: Playtech-Alpha deal size, GAIN Capital business exit, FX broker results, and lots more LeapRate

June 10, 2018 BY LeapRate Staff

FX Industry Week Review: Playtech-Alpha deal size, GAIN Capital business exit, FX broker results, and lots more

Why is the Playtech acquisition of Alpha Capital Markets likely to be completed at a much lower valuation than the previously advertised $150 million? Which business line did GAIN Capital shutter? Will ESMA's binary options ban and CFD leverage cap, set to come into effect this summer, apply to non-EU clients of EU brokers? How…

June 07, 2018 BY LeapRate Staff

Exclusive: GAIN Capital discontinues FOREX.com money transfer business

LeapRate Exclusive... LeapRate has learned that FX brokerage group GAIN Capital Holdings Inc (NYSE:GCAP) has decided to discontinue its international money transfer business. The service was being offered only in the UK. GAIN Capital first announced plans in early 2016 to launch a separate money transfer business under the separate brand and website ForeignExchange.com. The business…

August 30, 2017 BY LeapRate Staff

Forex.com launches new international money transfer service in the UK

GAIN Capital Holdings Inc (NYSE:GCAP) has announced the launch of a new money transfer service on Forex.com, its global Retail FX brand. The new service, which enables individuals and businesses to quickly and easily send money in 26 currencies to over 200 countries via their desktop, tablet or mobile device, features highly-competitive exchange rates, fast…

December 09, 2016 BY LeapRate Staff

CEO of Gain Capital's ForeignExchange.com money transfer business Jeff Scott resigns

LeapRate Exclusive... LeapRate has learned that Jeff Scott, until recently the COO of Gain Capital Holdings Inc (NYSE:GCAP), has left the company. Mr. Scott has resigned his relatively new position as CEO of Gain's recently-launched ForeignExchange.com money transfer business. Jeff Scott had been COO of Gain Capital, and the #2 executive to co-founder and longtime Gain Capital…

November 16, 2016 BY Valentina Kirilova

Gain Capital launches money transfer business ForeignExchange.com

More than nine months after first announcing the plans, Retail forex broker Gain Capital Holdings, Inc. (NYSE:GCAP) has finally announced the Beta launch of ForeignExchange.com, its new international money transfer service, in the UK market. LeapRate initially reported on the planned launch of ForeignExchange.com, as indicated above, in February. Earlier this month Gain Capital had…

November 04, 2016 BY LeapRate Staff

Gain Capital moves COO Jeff Scott to head its money transfer business ForeignExchange.com

Fresh off a very negative Q3 financial report, retail forex broker Gain Capital Holdings Inc (NYSE:GCAP) is shaking up its management ranks. Gain Capital has indicated in regulatory filings that COO Jeff Scott will be leaving his current position with the firm, in favor of heading the company's not-yet-operating international money transfer business, Gain Capital Payments Ltd.…

April 01, 2016 BY LeapRate Staff

GAIN Capital's Glenn Stevens speaks one year after City Index acquisition

LeapRate Exclusive Interview... It was one year ago today that Gain Capital Holdings Inc (NYSE:GCAP) closed on its $77 million acquisition of City Index, to become a major player in the UK online trading industry. More recently, GAIN's latest moves have taken the company in other directions, such as our recent coverage of the company's plans to…

February 10, 2016 BY Maria Nikolova

GAIN Capital establishes international money transfer business, set to launch in Q2'16

Online trading services provider Gain Capital Holdings Inc (NYSE:GCAP) today unveiled its plans to launch a new international money transfer business. The new venture, named GAIN Capital Payments Ltd., will operate under the ForeignExchange.com brand name. Apparently GAIN Capital has owned and parked the foreignexchange.com website url for 15 years. The company's main retail forex…

Tag: Foreignexchange.com