Following a transaction which took place earlier this month, Traders Trust has officially announced that it has taken over the client base of JFX markets in Cyprus
Read moreA somewhat incestuous acquisition campaign has taken place this week, with GAIN Capital subsidiary Forex.com Japan acquiring Planex's FX client base, just 1.5 years after Planex took over GFT's Japanese business prior to GAIN acquiring GFT
Read moreFollowing Boston Technologies having refuted the proposed M&A activity, CFH responds with confirmation of its plans to forge ahead
Read moreMergers and acquisitions within the FX industry continue as GAIN Capital acquires CFD advisory service Last year was a period during which many FX companies sought to broaden their horizons by acquiring specialist companies which operate in specific niches. Today, US stalwart GAIN Capital (NYSE:GCAP) has provided evidence that the need for firms to both diversify…
Read moreFXCM concludes transaction relating to ailing HFT firm Infinium Capital five months after acquiring $12 million note from investors, and launches joint venture firm V3 Markets FXCM has announced the completion of its purchase of selected assets of Chicago-based high-frequency trading company Infinium Capital Back in October 2013, LeapRate reported that investors in Infinium Capital…
Read moreGain's share price is down 20% since deciding to go it alone. Gain Capital (Forex.com) continues to see its share price plummet. Since Gain announced they would be buying GFT and rejected the takeover bid from FXCM, shareholders of Gain have seen their share price slide by 20%, back basically to where they sat when…
Read moreConsolidation is hitting not just the FX brokerage sector, but also those who sell technology solutions to it. Congratulations to our friend Stephen Leahy and his staff at CMAP -- CMAP has been as advertiser with LeapRate since Day One here -- on CMAP's acquisition by oneZero Financial Systems. CMAP and oneZero have been cooperating…
Read moreStock market not exactly pleased with the Gain-GFT deal, nor with FXCM's withdrawal of its offer to purchase Gain Capital. The saga of the Gain Capital (NYSE:GCAP) vs. FXCM (NYSE:FXCM) takeover battle culminated late last week with Gain Capital (Forex.com) announcing they were rejecting FXCM's bid, and instead were themselves buying rival GFT. And of course…
Read moreCity Index was apparently the last to withdraw from takeover talks. UK financial spreadbetting firm London Capital Group (or "LCG") announced today that it is no longer holding active talks with other parties regarding a takeover of the company. Previously, on February 12, LCG had stated that it had received approaches from several firms including…
Read moreGetco likely to divest Knight's non-core assets, including Hotspot FX. Although it has not yet been formally announced, sources close to the situation (and as reported by CNBC) reported that Knight Capital's board will select Getco's offer to buy the company, after Getco raised the cash portion of its bid to $3.60 per Knight share.…
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