Tag: Gain Capital buys City Index

November 04, 2015 BY LeapRate Staff

GAIN Capital shares pop 9% after reporting good Q3 results

Looks like it was a good day all around for Gain Capital. After reporting fairly decent financial results Tuesday morning, shares of retail forex broker Gain Capital Holdings Inc (NYSE:GCAP) shot up 9% Tuesday to close at $8.25 - their highest level in about two months, and stemming what can best be described as a slow…

Read more
December 31, 2014 BY LeapRate Staff

LeapRate's Top Forex Industry News Stories of 2014

It has been quite a year in the forex industry in 2014. We're exiting the year with near-record volatility in key currency pairs such as the EURUSD and EURCHF, as well as Yen and Ruble pairs. The USD is at multi-year highs, while Crude Oil is at multi-year lows. Valuations of publicly traded forex brokers…

Read more
October 31, 2014 BY Gerald Segal

Gain Capital expands UK presence by acquiring City Index for $118 million

Breaking Forex Industry News.... US-based Gain Capital (NYSE:GCAP), which owns and operates the retail Forex.com and institutional GTX brands, has announced the acquisition of London-based financial spreadbetting firm City Index. Gain Capital is paying a total of $118 million, although from a cash perspective it will come out ahead by about $16 million. City Index…

Read more