Polish FX company EFIX has appointed ex GKFX CEO and GFT exec Ashraf Ebid as Chief Executive Officer
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.
Gain Capital management has succeeded, it seems, in scaring off FXCM by using its cash to buy GFT.
Emboldened by much better Q1 results, Gain Capital (Forex.com) is going it alone.
Gain Capital is to (potentially) make only back-end payments to GFT, based on volume.
CFTC December data shows some big changes in the US retail FX market.
A no-warnings, overnight interpretation decision by the NFA led to some scrambling by otherwise well-capitalized FX brokers.
But poor planning left GFT's clients unable to trade for several days.