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Forex.com Japan acquires the customer base of Planex Trade

GAIN Capital's continues its acquisition politics by acquiring the forex trading clients of the Japanese broker Planex Trade. The new customers will be handled by Forex.com Japan.
 
Many forex brokers are experiencing difficulties these days with the tough market conditions characterized by 10 years low volatility. Following the most ancient market strategy to buy when it's cheap GAIN Capital is intensively adding to its portfolio. 
 
The news was announced on the Forex.com Japan website in Japanese. It is not a surprising news though because a few days ago when GAIN Capital announced its Q2 results the CEO of the company, Mr Glenn Stevens, has revealed that there were several possible deals in the M&A pipeline.
 
It is interesting that Planex Trade has acquired the Japanese forex business of GFT in 2012. The latter was then acquired by GAIN Capital 2013. And now Forex.com Japan takes what is left from GFT. Case closed.
 
Financial details on the acquisitions are not disclosed as of yet. Planex Trade was a subsidiary of the Japanese group Planex Holding. The broker provides forex, binary options, commodity futures trading, etc. It is regulated by the Financial Services Authority in Japan. 
 
It is not very likely that Planex has experienced financial difficulties of late and was saved by GAIN Capital's Forex.com Japan. This year GAIN Capital has also acquired Galvan Research (the UK's leading Contract For Difference (CFD) advisory business), Global Asset Advisors, and Top Third AG Marketing.
 
 
TAGS: GAIN Capital  Forex.com  Forex.com Japan  GFT  Planex Trade  acquisition 

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