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Retail forex broker Gain Capital Holdings Inc (NYSE:GCAP) has issued a statement at the opening of US equity markets trading at 2:30pm BST, indicating that it has not been adversely affected as a result of today’s market volatility following the UK’s decision to leave the EU.
The Gain Capital statement reads as follows:
GAIN Capital Statement Regarding EU Referendum Results
BEDMINSTER, N.J., June 24, 2016 — GAIN Capital Holdings, Inc. (NYSE: GCAP) (“GAIN” or “the Company”), a global provider of online trading services, has issued the following statement:
Gain Capital’s financial position has not been adversely affected as a result of today’s market volatility following the UK’s decision to leave the EU.
Heightened volatility around the referendum was anticipated and we took proactive steps to protect our clients and the firm, which included increasing client margin requirements in anticipation of significant market moves.
The Company has robust risk management systems and processes in place and is well equipped to deal with increased trading activity and market turbulence as a result of this outcome.