GAIN Capital Acquires U.S. Retail Forex Business of GFT
BEDMINSTER, N.J., 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
investors.
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
SOURCE GAIN Capital Holdings, Inc.