October 15, 2014 BY Gerald Segal

US Retail Forex client assets drop $12M in August

After a surprising 7% (or $41 million) rise in July, client assets held by regulated US retail forex brokers continued their slow but steady decline in August, shedding 2%, or $12.3 million. Total client assets held now sit at $619.7 million, as at August 31, 2014. The industry remains fairly concentrated, with the 'big three'…

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October 15, 2014 BY Mike Fox

GAIN Capital shares soar 12% Tuesday after Zacks upgrade

Gain Capital Holdings (Forex.com) (NYSE:GCAP) was upgraded by Zacks from a rating of “underperform” to a “neutral” in their latest report released on Monday. The firm put a $6.30 target price on the stock. Note that despite the upgrade Zacks still has just a $6.30 price target on the stock, well below its current price…

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