This has little to do with 'regulatory efficiencies', and a lot more to do with personalities, cash – and China!
The Gain Capital (Forex.com) board puts in place a controversial "Shareholder Rights Plan".
Follows a very brief attempted "friendly" offer by FXCM, which was rebuffed by Gain Capital management.
Gain Capital is to (potentially) make only back-end payments to GFT, based on volume.
Follows the acquisition last year by Saxo Bank of its Latin American white label partner.
Move is likely meant to repair / improve ICAP and EBS's relationship with key FX liquidity banks.
Either way, likely that Hotspot FX finds a new home.
Acquisition rumors swirl around Knight Capital after weekend WSJ article.
Saxo Bank continues worldwide expansion, this time in Latin America.
Is a buyer emerging for the entirety of Knight Capital?