Gain is finally beginning to see nice returns from its Gain GTX institutional business.
Gain's share price is down 20% since deciding to go it alone.
Stock market not exactly pleased with the Gain-GFT deal, nor with FXCM's withdrawal of its offer to purchase Gain Capital.
Emboldened by much better Q1 results, Gain Capital (Forex.com) is going it alone.
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.
Gain Capital also faces shrinking margins in its key retail FX business.