The name GTX has been associated for years with parent GAIN Capital Holdings Inc (NYSE:GCAP). And so the news late last month of GTX being sold for $100 million to Deutsche Boerse AG's 360T unit came of something of a surprise to many in the FX world - especially as GTX just announced its best-ever month for…
Read more
GAIN Capital Holdings, Inc. (NYSE: GCAP) has commented on recent market volatility while presenting at the Credit Suisse 19th Annual Financial Services Forum. Here's what Glenn Stevens, GAIN Capital's CEO, said at the Forum yesterday: It is encouraging to see active traders embrace recent market volatility, as uncertainty around the direction of the equities markets…
Read more
LeapRate Exclusive Interview... It would be an understatement to offer that the Q1 results recently announced by Forex brokerage house Gain Capital Holdings Inc (NYSE:GCAP) were disappointing. Revenues were down nearly 50% from the previous quarter. Revenues from retail clients were down 60%. The company posted a $19 million loss. Was this a one-time anomaly, or…
Read more
Following our earlier report that New York based retail forex broker FXCM Inc (NASDAQ:FXCM) had been banned from the US market (alongside bans for CEO Drew Niv and co-founder William Adhout) after FXCM settled allegations of defrauding customers regarding its market making activities, FXCM has put out a statement confirming the settlement with US regulators CFTC…
Read more
Retail forex broker Gain Capital Holdings Inc (NYSE:GCAP) has announced that it has reached a definitive agreement to acquire the US clients of rival FXCM Inc (NASDAQ:FXCM). Gain declined to say how much it was paying for the FXCM US client base. However we believe that very little cash changed hands (more on that below). Gain…
Read more
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…
Read moreContinuing a theme we've seen among many participants in the Forex industry, this week saw LeapRate report exclusively on upcoming website / GUI changes at two of the better know names in Retail Forex: popular trader site FXStreet, and broker Forex.com. Our most popular guest post of the week is courtesy of Leverate's Ben Richter on…
Read moreLeapRate 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…
Read moreRetail Forex broker Gain Capital Holdings Inc (NYSE:GCAP), parent of the Forex.com and City Index brands, saw its share price drop a further 7% on Wednesday to close at $6.68, its lowest closing price since January. During the trading day Gain shares actually dropped as low as $6.15 - down 14% on the day - before…
Read moreOnline 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…
Read more