GAIN Capital Acquires U.S. Retail Forex Business of GFT
BEDMINSTER, New Jersey, Dec. 6, 2012
BEDMINSTER, New Jersey, Dec. 6, 2012 /PRNewswire/ --GAIN Capital Holdings,
Inc. ("GAIN") (NYSE: GCAP), a leading global provider of online trading
services, announced today that it has reached an agreement to acquire the
US-based retail forex business of GFT Forex ("GFT"), pending regulatory
approval. Financial terms of the transaction were not disclosed.
GAIN Capital Group LLC, the US regulated entity of GAIN Capital Holdings,
Inc., agreed to acquire the retail customer accounts currently held at GFT's
US regulated subsidiary. The transfer of GFT's US-based customers is
scheduled for Friday, December 7, 2012, after the close of trading.
"We are pleased to be in a position to offer GFT's US-based retail customers
the ability to continue trading forex with an established US regulated firm,
with no interruption in service," said Glenn Stevens, CEO, GAIN Capital. "We
will work closely with the team at GFT to ensure a smooth transition of their
customer's accounts and assets to our retail division, FOREX.com."
"GFT is pleased to transfer our US-based retail forex accounts to GAIN
Capital," stated Gary L. Tilkin, Chairman of GFT. "GAIN is one of our
industry's oldest and most respected companies and we're confident that our
accounts will receive the same high level of service and trading execution
that they've experienced with GFT."
About GAIN Capital
GAIN Capital Holdings, Inc. (NYSE: GCAP) is a global provider of online
trading services. GAIN's innovative trading technology provides market access
and highly automated trade execution services across multiple asset classes,
including foreign exchange (forex or FX), contracts for difference (CFDs) and
exchange-based products, to a diverse client base of retail and institutional
Through our retail brand, FOREX.com, we provide retail traders around the
world with access to a variety of global OTC financial markets, including
forex, precious metals and CFDs on commodities and indices. GAIN Capital also
operates GTX, a fully independent FX ECN for hedge funds and institutions;
OEC, an innovative online futures broker; and GAIN Securities, Inc. (member
FINRA/SIPC) a licensed U.S. broker-dealer.
GAIN Capital and its affiliates have offices in New York City; Bedminster, New
Jersey; London; Sydney; Hong Kong; Tokyo; Singapore; Beijing; and Seoul.
For further company information, visit www.gaincapital.com
Contact: Media Contact: Mike Geller, Edelman for GAIN Capital,
+1.212.729.2163, firstname.lastname@example.org; or Investor Relations Contact: Hugh
Collins, MBS Value Partners, +220.127.116.1132, email@example.com
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