Forex.com’s parent company shares are up 169% so far in 2013.
Well that didn’t take long. Just one week after we reported that Gain Capital shares had closed above $10 a share the first time, comes the next milestone. On a day when Gain Capital introduced its new CFO James Emerson (formerly of KCG) to the public — not exactly earth-shattering news — Gain Capital shares (NYSE:GCAP) went on yet another tear, trading up 10% to hit $11.17 at one point before settling back a bit to close at $11 even.
Gain Capital shares have more than doubled in 2013, up 169% year to date. Rival FXCM is not far behind, up 89% this year.
Gain Capital and FXCM shares were actually moving up throughout 2013 fairly step-in-step, until Gain Capital announced Q2 results which far surpassed any of its previous quarters, sending GCAP shares on its most recent tear, as per the chart below.
The question in our minds is — Which will be the next retail forex broker to take advantage of this positive momentum for the industry and go public? Stay tuned to LeapRate…
FXCM (blue) and Gain Capital (red) share price, 2013 year to date. Source: Google Finance.