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Screenshot of a breaking news alert e-mail from Q2 2017
Gain Capital Holdings Inc (NYSE:GCAP) continues to reshape its offering following the $118 million acquisition of City Index agreed in October last year.
It was in July 2015 that GFT UK, a subsidiary of GAIN, announced it will transfer its clients to City Index in the last weekend of August and now the Japanese operations of GAIN appear to be the next to be affected by the deal.
GAIN Capital Japan has just announced that it is planning to offer Advantage Trader by City Index to its Japanese clientele. The launch of the platform, to hit the Japanese market for the first time, is scheduled for October 12, 2015.
In addition, the Japanese Forex broker announced it will discontinue offering of DealBook, the multi-asset trading platform. The halt is set for October 10, 2015.
Users of DealBook will be given the opportunity to migrate to Advantage Trader or close their accounts, with more details on the transfer poised to be provided soon.
To view the official announcement by GAIN Capital Japan (in Japanese), click here.