GAIN Capital Holdings CEO, Glenn Stevens, released a statement today regarding the recently made deal with FXCM. Stevens said GAIN Capital has taken a leading role in the retail forex industry with the recent acquisition of all U.S.-based clients from FXCM.
According the press release, retail FX broker Forex.com, a subsidiary of GAIN Capital, will be taking on all of the new clients, “We will work very hard to ensure that there is a seamless transfer of clients to our award-winning FOREX.com service," said Stevens.
Unlike FXCM stock, which hit an all-time today, shares of GAIN Capital Holdings (NYSE:GCAP) closed today with a small gain of 0.12% at $8.06. While on Tuesday, GCAP hit a 1.5-year high of $8.49.
GAIN Capital has not yet disclosed how much it paid for FXCM’s American client list.
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