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Stock Market & Financial Investment News

News Breaks
December 6, 2012
13:04 EDTGCAPGAIN Capital acquires U.S. Retail Forex Business of GFT Forex
GAIN Capital (GCAP) announced that it has reached an agreement to acquire the U.S.-based retail forex business of GFT Forex, pending regulatory approval. Financial terms of the transaction were not disclosed. GAIN Capital Group, the US regulated entity of GAIN Capital Holdings, agreed to acquire the retail customer accounts currently held at GFT's U.S. regulated subsidiary. The transfer of GFT's U.S.-based customers is scheduled for Friday, December 7, after the close of trading.
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