GAIN Capital acquires Galvan Research, terms not disclosed GAIN Capital Holdings announced the acquisition of Galvan Research, a Contract For Difference, or CFD, advisory business in the UK. Financial terms of the transaction were not disclosed. Galvan Research will continue to operate as a separate brand, and its current management team will remain in place. The transaction is expected to close in Q2, subject to regulatory approval and customary closing conditions. GAIN anticipates the transaction to be immediately accretive to its FY14 financial results.