de | cn | ru

Brokers News

GAIN Capital Finalizes Deals with GAA, Top Third

It has been a month since GAIN Capital, the US group behind retail Forex broker FOREX.com, announced the acquisition of 55% stakes in Global Asset Advisors, LLC ("GAA") and Top Third Ag Marketing LLC ("Top Third"), and just a number of hours ago the securities expert said it had completed both deals.

 

GAIN retains an option to buy the remaining 45% stakes in both companies, which are already contributing to the performance metrics of the group. For instance, for March 2014, GAIN posted futures daily average revenue trades (DARTs) of 23,884, which reflected seven days of activity of GAA and Top Third. 

 

As we noted in our preceding article on the acquisitions, they fit well with GAIN's plans to increase its revenues from non-retail operations to 50% of the total in the long term. Moreover, both businesses match the criteria outlined by GAIN's top management about an acquisition target: it is set to diversify the business portfolio, to offer new products, as well as synergies. For that matter you may recall that GAIN's chief executive Glenn Stevens has stressed the expected business synergies and cross-sell opportunities between GAA and the group's existing futures business, as well as its retail OTC business, FOREX.com. At the same time, Top Third which deals with options-based hedging strategies opens a totally new niche for GAIN.

 

The acquisitions signify GAIN's efforts to boost its futures business. And in its latest press release it also announced the appointment of Glenn Swanson at the helm of its futures operations. Swanson has been chosen for his experience in the sector – he has long served as president of Daniels Trading,  a futures trading firm, which has been the biggest introducing broker of GAIN in the futures segment. He is also amid the founders of GAA.

 

GAIN is obviously stepping up its acquisition drive. Less than a fortnight ago, the group spread the news of purchasing UK-based CFD advisory business Galvan Research and Trading, in a move set to further boost and diversify its operations portfolio.

 

You can read the official press release on GAA and Top Third deals below.

 

 

GAIN Capital Completes Acquisitions of Global Asset Advisors and Top Third AG Marketing; Names Glenn Swanson Head of its Futures Division

 

BEDMINSTER, N.J., April 16, 2014 /PRNewswire/ -- GAIN Capital Holdings, Inc. (NYSE: GCAP, "GAIN" or "the Company") today announced that it completed the acquisitions of Global Asset Advisors ("GAA") and Top Third AG Marketing ("Top Third") and named Glenn Swanson to direct its futures division.

GAIN previously announced that it had agreed to acquire a 55% interest in both GAA and Top Third, with the remaining shares continued to be owned by the companies' respective founders, including Mr. Swanson.  Mr. Swanson, (45), served as President of Daniels Trading, an independent futures brokerage firm owned by GAA, since 1998.

"We are pleased to have completed the acquisition of GAA and Top Third, which moves us further along in our efforts to develop our futures business and increase the proportion of GAIN revenues derived from commission-based businesses," stated Glenn Stevens, CEO of GAIN Capital.  "Glenn Swanson is a natural choice to lead our futures efforts given his significant industry experience and track record of success. He will be supported by GAIN's top-notch marketing, operations and technology teams."

For the month of March 2014, GAIN reported Futures Daily Average Revenue Trades (DARTs) of 23,884, which included 7 days of GAA and Top Third trading activity, a sequential increase of 40.0% and 78.2% higher than March 2013.

GAIN Capital has call options to acquire the remaining 45% of each of GAA and Top Third. Both transactions are expected to be immediately accretive to 2014 results.

 

 

About GAIN Capital 

 

GAIN Capital Holdings, Inc. (NYSE:GCAP) is a global leader of online trading services provision. GAIN's technology offers market access and automated trade execution across multiple assets, including Forex, contracts for difference (CFDs) and exchange-based products, to both retail and institutional investors.

Through its retail brand, FOREX.com, GAIN provides retail traders across the globe with access to various OTC financial markets. FOREX.com supports clients from more than 140 countries, with its products and services available in many languages, including English, Arabic, Chinese, Japanese, and Russian.  

GAIN Capital and its affiliates boast offices in New York City; Bedminster, New Jersey; London; Sydney; Hong Kong; Tokyo; Singapore and Beijing.

 

TAGS: gain capital  forex.com  us forex broker  forex.com broker  gain capital acquisition  gaa  top third  m&a  forex deals  forex market  forex acquisition  global asset advisors  top third ag marketing  futures  futures business  glenn swanson 

More news about Forex.com

Forex
Broker Country Regulation Platform Min Deposit Review
Cyprus, UK, Mauritius CySec, FCA, FSC MT4, MT5, Web $10 Review Website
Cyprus, SVG CySEC MT5, Web,
cTrader
$100 Review Website
Australia, Cyprus ASIC, CySEC MT4, MT5, Iress $100 Review Website
Cyprus, Australia CySec, ASIC MT4, MT5 $5 Review Website
UK, Australia, South Africa FCA, ASIC, FSCA MT4, Trading
Station,
NinjaTrader
$50 Review Website
UK, Cyprus, UAE, South Africa FCA, CySEC, DFSA, FSB MT4, MT5, FxPro
Markets,
cTrader
$100 Review Website
Cyprus CySEC MT4, MT5, Web $1 Review Website
Belize IFSC MT4, MT5 $100 Review Website
Cyprus, UK, South Africa, UAE CySec, FCA, FSCA, DFSA MT4, MT5, Web $5 Review Website
Cyprus, UK CySEC, FCA MT4, MT5 $1 Review Website
UK FCA MT5 $5 Review Website
UK FCA MT4, Web, MT4
for Mac
$100 Review Website
Australia, UK ASIC, FCA MT4, MT5,
cTrader
$200 Review Website

More Forex Brokers News

#FBS2020: FBS Gives Away Lucky Gift Boxes In A New Year Promo

Dec 09 2019 14:36:59

As many companies out there, FBS broker finishes off its year with a New Year promotion for its clients. At the end of 2019, they are offered to create a fancy Thank You e-card for their loved ones and get a gift box full of nice surprises. Read more

Trip For Pip: FBS To Launch A Quest Game For A Trip To London, Tokyo, Or Dubai

Oct 29 2019 14:09:54

FBS broker starts its new marketing campaign, and it has already attracted many eyeballs on social media. The promotion is called “Trip for Pip,” and it is very engaging for several reasons:    a) it’s playable;  b) it features a dream trip for two as the main prize. Read more

HYCM tops the list of brokers with highest percentage of winning clients

Oct 23 2019 12:12:59

The importance of choosing a reliable broker is paramount to trading. Most traders have given a serious thought to the security of their investments and these concerns are increasingly common in this highly competitive market. Read more

FXCM expands its crypto offering with CryptoMajor baskets

Oct 14 2019 14:49:01

  Major forex broker FXCM Group enhances its CFD offering with the launch of CryptoMajor- cryptocurrency baskets, which will allow its clients to trade in to multiple digital assets in one go. Read more

FXTM Launches 30% Welcome Bonus

Aug 06 2019 13:38:53

  As part of FXTM’s mission to provide clients with an exceptional trading experience, the international broker has launched its latest offering – the 30% Welcome Bonus!   This promotion, available under Exinity Limited, boosts your account by an extra 30% when you deposit $100... Read more

XM parent actively prepares for the launch of its US brand Trading.com

Jul 03 2019 14:19:28

  Trading Point Group, the owner and operator of the XM brand, actively prepares for the future launch of its US brand Trading.com. Read more

FBS Invites 20 Best Partners To a VIP Party

Jul 02 2019 15:04:24

Partner parties is a great way to get to know company’s local promoters and celebrate loyalty, motivation, and cooperation. In 2019, FBS broker launches the FBS Stars contest with a round trip flight to Russia’s second largest city and a VIP party invitation as a prize. Read more

Vantage Prime will no longer service non-Australian clients

May 20 2019 13:36:39

  Vantage Prime, which is a part of the Vantage FX group, announced it will no longer service non-Australian clients, online media Finance Magnates reported today. The broker’s decision is taken due to regulatory concerns. Read more

Dukascopy warns it has no cooperation with shady broker GCG Asia

May 16 2019 13:29:47

  Swiss forex brokerage and bank Dukascopy has repeatedly warned investors that it is has no cooperation Guardian Capital Asia (GCG Asia) and that the latter is likely involved in a fraudulent scheme. Read more

$75 mln forex Ponzi scam revealed in the US

May 03 2019 16:46:08

The Commodity Futures Trading Commission (CFTC) in the US has filed charges against Florida based Oasis International Group, Oasis Management and Satellite Holdings along with their owners for running a 75 million USD Ponzi scheme, concealed as forex investment program. Read more

de | cn | ru