GAIN Capital (GCAP) Says It's in Talks to Acquire Client Base of FXCM's (FXCM) U.S. Operations
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Gain Capital (GCAP) to Acquire Client Base of FXCM's (FXCM) U.S. Operations
February 7, 2017 4:56 PM ESTGAIN Capital Holdings, Inc. (NYSE: GCAP) ("GAIN" or "the Company"), a global provider of online trading services, announced that it has entered into a definitive agreement to acquire the client base of FXCM's (Nasdaq: FXCM) U.S. operations. For the 3 months ended December 31, 2016, average daily volume from customers of FXCM's U.S. operations was approximately $2.4... More
FXCM, Inc. (FXCM) to Withdraw from Business in U.S.
February 7, 2017 6:36 AM EST(Updated - February 7, 2017 6:37 AM EST)
FXCM Inc. (NASDAQ: FXCM) today announced simultaneous regulatory settlements with the National Futures Association and the Commodity Futures Trading Commission (CFTC) against its U.S. subsidiary, Forex Capital Markets LLC and certain of its principals. FXCM Holdings, LLC was also named in the CFTC settlement. The named FXCM entities and principals neither admit nor deny the allegations associated with the settlements. The NFA settlement has no monetary fine, and the CFTC settlement has a $7 million... More
