Gain Capital expands Futures business, buys GAA and Top Third

GAA and Top Third will continue as separate brands, with their management teams in place.

Forex broker Gain Capital (NYSE:GCAP), which runs the and Gain GTX brands, has announced the acquisition of two companies which operate in the Futures space — Global Asset Advisors (“GAA”) and Top Third Ag Marketing (“Top Third”).

Chicago-based GAA operates Daniels Trading, an independent futures brokerage firm. The acquisition extends a longstanding commercial relationship between GAIN Capital and GAA, as Daniels Trading is currently the largest introducing broker to Gain Capital’s futures business. Top Third helps clients use options-based hedging strategies to manage the risks of producing agricultural products.

Gain Capital formally bought 55% majority ownership of each of the companies, with an option to buy the other 45%. Other financial terms of the acquisitions were not released.

Much of Gain Capital’s growth recently has been with institutional traders, and this acquisition is certainly in theme. More than 70% of Gain Capital volumes are with institutional traders.

To see the full Gain Capital press release click here.

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