Gain Capital Agrees To Acquire Client Base Of FXCM’s US Operations

GAIN Capital Holdings, Inc., a global provider of online trading services headquartered in Bedminster, announced that it has entered into a definitive agreement to acquire the client base of FXCM’s 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 billion. Financial terms of the transaction were not disclosed.

Under the terms of the agreement, customers of FXCM’s U.S. regulated business will be transferred to GAIN Capital’s retail trading service, FOREX.com. The transaction is subject to final regulatory approval. It is expected to close before the end of February.