Why is the Playtech acquisition of Alpha Capital Markets likely to be completed at a much lower valuation than the previously advertised $150 million? Which business line did GAIN Capital shutter? Will ESMA's binary options ban and CFD leverage cap, set to come into effect this summer, apply to non-EU clients of EU brokers? How…
Read moreLeapRate Exclusive... LeapRate has learned that FX brokerage group GAIN Capital Holdings Inc (NYSE:GCAP) has decided to discontinue its international money transfer business. The service was being offered only in the UK. GAIN Capital first announced plans in early 2016 to launch a separate money transfer business under the separate brand and website ForeignExchange.com. The business…
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GAIN Capital Holdings Inc (NYSE:GCAP) has announced the launch of a new money transfer service on Forex.com, its global Retail FX brand. The new service, which enables individuals and businesses to quickly and easily send money in 26 currencies to over 200 countries via their desktop, tablet or mobile device, features highly-competitive exchange rates, fast…
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LeapRate Exclusive... LeapRate has learned that Jeff Scott, until recently the COO of Gain Capital Holdings Inc (NYSE:GCAP), has left the company. Mr. Scott has resigned his relatively new position as CEO of Gain's recently-launched ForeignExchange.com money transfer business. Jeff Scott had been COO of Gain Capital, and the #2 executive to co-founder and longtime Gain Capital…
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More than nine months after first announcing the plans, Retail forex broker Gain Capital Holdings, Inc. (NYSE:GCAP) has finally announced the Beta launch of ForeignExchange.com, its new international money transfer service, in the UK market. LeapRate initially reported on the planned launch of ForeignExchange.com, as indicated above, in February. Earlier this month Gain Capital had…
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Fresh off a very negative Q3 financial report, retail forex broker Gain Capital Holdings Inc (NYSE:GCAP) is shaking up its management ranks. Gain Capital has indicated in regulatory filings that COO Jeff Scott will be leaving his current position with the firm, in favor of heading the company's not-yet-operating international money transfer business, Gain Capital Payments Ltd.…
Read moreLeapRate Exclusive Interview... It was one year ago today that Gain Capital Holdings Inc (NYSE:GCAP) closed on its $77 million acquisition of City Index, to become a major player in the UK online trading industry. More recently, GAIN's latest moves have taken the company in other directions, such as our recent coverage of the company's plans to…
Read moreOnline trading services provider Gain Capital Holdings Inc (NYSE:GCAP) today unveiled its plans to launch a new international money transfer business. The new venture, named GAIN Capital Payments Ltd., will operate under the ForeignExchange.com brand name. Apparently GAIN Capital has owned and parked the foreignexchange.com website url for 15 years. The company's main retail forex…
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