mercredi 1 avril 2015
GAIN Capital completes acquisition of City Index
Posted on 13:52 by nice news
GAIN Capital Holdings, Inc. (NYSE: GCAP) (the "Company" or "GAIN Capital") today announced it has completed the acquisition of City Index (Holdings) Limited ("City Index"), a leading online trading firm specializing in contracts for difference (CFDs), forex and UK spread betting.
The combination of GAIN Capital and City Index creates a global leader in online trading, operating two market-leading brands in GAIN's FOREX.com, a top retail forex brand globally, and City Index, a premier CFD and spread bet brand. The combined company will have over $1.1 billion in customer assets with annual trading volumes of more than $3 trillion.
"The closing of this transaction marks another major milestone in the growth of GAIN Capital and we are excited by the complementary strengths that have been brought together through this combination," commented Glenn Stevens, CEO of GAIN Capital. "The scale, scope of products and geographies served and market leading technology provided by the combined company provides us with an excellent platform for continued growth and success," Mr. Stevens concluded.
The combination of GAIN Capital and City Index creates a global leader in online trading, operating two market-leading brands in GAIN's FOREX.com, a top retail forex brand globally, and City Index, a premier CFD and spread bet brand. The combined company will have over $1.1 billion in customer assets with annual trading volumes of more than $3 trillion.
"The closing of this transaction marks another major milestone in the growth of GAIN Capital and we are excited by the complementary strengths that have been brought together through this combination," commented Glenn Stevens, CEO of GAIN Capital. "The scale, scope of products and geographies served and market leading technology provided by the combined company provides us with an excellent platform for continued growth and success," Mr. Stevens concluded.
GAIN Capital completes acquisition of City Index
Categories: GAIN Capital completes acquisition of City Index
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