Tag: FXCM acquisition of Gain Capital

July 01, 2014 BY Gerald Segal

Gain Capital closes acquisition of CFD advisor Galvan Research

Back in April, as reported on LeapRate, Gain Capital (NYSE:GCAP) announced its intentions to acquire UK-based Galvan Research. Founded in 2004 by Andrew Gibson, Jonathan Pinkney and James Pinkney, Galvan provides individual investors with professional advice and trading recommendations across a wide range of markets, including FX, individual equities, equity indices and other market sectors.…

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September 24, 2013 BY Gerald Segal

Gain Capital (finally) closes acquisition of GFT

Acquisition will actually be net cash positive for Gain Capital. Forex broker Gain Capital (NYSE:GCAP) has announced that it has closed its previously announced acquisition of rival GFT. The deal, first announced in April, followed a month-long flurry of activity which saw FXCM make a takeover bid for Gain, which Gain Capital fought off by…

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June 03, 2013 BY Gerald Segal

FXCM increases money raised in notes offering to $172.5 million

FXCM positions itself strongly to pursue acquisitions, raising nearly $50M more than planned following strong demand for its notes. Leading FX broker FXCM, a member of LeapRate's Approved List, has increased the size of its initial note offering from a planned $125 million to $172.5 million, following strong demand from institutional investors for the offering. FXCM's five-year…

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May 07, 2013 BY Gerald Segal

FXCM reports record volumes in April and nice Q1 results

As expected, FXCM reported healthy Q1 financial results. Well if you're a retail FX broker big or small, and you're not banging out record trading volumes during 2013, then something is wrong. Leading retail FX firm FXCM, the world's largest online FX broker (and a member of LeapRate's Approved List of global FX brokerage firms),…

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April 26, 2013 BY Gerald Segal

FXCM withdraws its offer to buy Gain Capital (Forex.com)

Gain Capital management has succeeded, it seems, in scaring off FXCM by using its cash to buy GFT. When we first reported that Gain Capital was buying GFT and rejecting FXCM's hostile bid, we stated that there were two likely outcomes. Either FXCM (along with certain Gain Capital shareholders, wanting a sale of the company)…

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April 25, 2013 BY Gerald Segal

Gain Capital buys GFT, rejecting FXCM takeover

Emboldened by much better Q1 results, Gain Capital (Forex.com) is going it alone. Well, it seems as if the letter written to the Gain Capital Board by shareholder Springhouse Capital -- warning Gain not to make any acquisitions or do anything else to ward off a takeover of Gain -- wasn't written in a vacuum.…

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