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Screenshot of a breaking news alert e-mail from Q2 2017
LeapRate Exclusive… LeapRate has learned that Australia-based retail forex broker AxiTrader has hired two senior institutional sales people away from Gain Capital Holdings Inc (NYSE:GCAP), as part of AxiTrader’s continued buildup of its FCA-regulated UK arm and European business.
Lloyd Moncur joins AxiTrader, reporting directly to AxiTrader General Manager Alex Mackinnon, after having served as Director Institutional Sales and Trading at Gain Capital. Moncur had joined Gain Capital via Gain’s 2013 acquisition of GFT. Ironically, Moncur had originally joined GFT/Gain from online broker Fixi – we exclusively reported back in May that AxiTrader closed on a strategic alliance with Fixi, which focuses on institutional FX brokerage in the UK.
Daniel Beale had only been at Gain Capital for six months, having joined Gain after eight years at London Capital Group Holdings plc (LON:LCG).
Gain Capital has been consolidating some of its London staff following its acquisition earlier this year of UK online trading firm City Index. We had recently reported that City Index’s marketing chief Joshua Raymond had left to head retail forex broker XTB Online.