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Gain Capital Announced Acquisition of GFT
On April 26th 2013, GAIN announced that we have agreed to acquire GFT. Both GAIN and GFT have long and established histories in the online trading space. Together, we can leverage the best of breed in technology, service, dealing, and execution to create a new industry leader, with:
o Over 12,500 tradable products, including FX, CFDs, binary options, spread betting, FX options and exchange traded futures and options.
o Customers in 180 countries
o Approximately $650 million of customer assets o $4.6 trillion in annual trading volume o Regulated entities in seven jurisdictions, including U.S., U.K., Japan, Hong Kong, Canada, Singapore and Australia
The transaction is expected to close this summer. Between now and closing, the GAIN and GFT teams will be working together on an integration plan that combines our companies to leverage the best of both businesses and to make the whole greater than the sum of the parts. |
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