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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