October 31, 2014 BY Mike Fox

IPO: GMO Click Holdings to list on Jasdaq in spring 2015

GMO Click Holdings, Japan's major margin Forex trading broker, will debut on the Tokyo Stock Exchange's Jasdaq market next spring. GMO Click Holdings is a 100% subsidiary of GMO Internet, a Japanese Internet service provider listed in the TSE's first section, and it has two foreign exchange trading firms in its group -- FX Prime…

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October 31, 2014 BY Mike Fox

Off all-time record quarterly revenue, GAIN Capital's Q3 net income rises 163% YoY to $14.7 million

While the big news is Gain Capital's acquisition of City Index, the brokerage also announced preliminary results today for the third quarter ended September 30, 2014. The results were pretty good and this is not surprising considering the company's record volume metrics from September. The numbers were particularly good for the retail segment which notched…

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October 31, 2014 BY Andrew Saks-McLeod

Russia's Central Bank admits helplessness regarding FOREX MMCIS

As the whirlpool around troubled FX broker FOREX MMCIS gathers pace and the withdrawal maladies continue, Russia's top consumer affairs body has admitted it is helpless to take any measures against the company. LeapRate has been keeping you up to date with the latest developments around FOREX MMCIS, a troubled broker particularly active in Russia…

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October 31, 2014 BY Gerald Segal

Gain Capital expands UK presence by acquiring City Index for $118 million

Breaking Forex Industry News.... US-based Gain Capital (NYSE:GCAP), which owns and operates the retail Forex.com and institutional GTX brands, has announced the acquisition of London-based financial spreadbetting firm City Index. Gain Capital is paying a total of $118 million, although from a cash perspective it will come out ahead by about $16 million. City Index…

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