de | cn | ru
IG: Trade online with the world’s No.1 CFD provider

Brokers News

GAIN Capital Takes Over UK CFD Advisory Galvan Research

GAIN Capital, the US securities expert whom we know for its ownership of the retail Forex giant FOREX.com, made the headlines today with another acquisition: of UK-based CFD advisory firm Galvan Research and Trading.
 
The choice of a target is a surprise to many but GAIN has promised us to expect the unexpected, at least that was the message delivered by its chief executive Glenn Stevens during the conference call on 2013 performance metrics. You may recall that back the he said that the company was planning a raft of big acquisition deals, with the targets picked along certain criteria. These include expanding GAIN's geographical footprint, diversifying the group's portfolio of products and services and showing good potential of synergies. 
 
Well, the acquisition of Galvan Research does match all of these criteria. Furthermore, commenting on the deal, Stevens said that this set the ground for the establishment of a full-blown CFD advisory service at GAIN. And that sounds very exciting, while promising the growing clientele of the broker top-notch recommendations and advice on financial matters.
 
GAIN is not being cheap on acquisitions – it has really stepped up its expansion campaign lately, obviously being rather enthusiastic over the positive outcomes of the acquisition of GFT. At the start of March, GAIN announced the purchase of 55% stakes in Global Asset Advisors, LLC ("GAA") and Top Third Ag Marketing LLC ("Top Third"), in a move set to diversify the offering of the group.
 
But back to our current topic of interest. GAIN expects the deal with Galvan to close in the second quarter of this year, with some regulatory formalities to be passed and approvals to be received. The acquisition is poised to be accretive already in 2014. The UK advisory business will keep functioning under its own brand and will retain its current management.
 
 
You can read the official press release below.
 
GAIN Capital Acquires Galvan Research, UK's Leading CFD Advisory Service
 
LONDON, NEW YORK and SYDNEY, April 7, 2014 /PRNewswire/ --

GAIN Capital Holdings, Inc. (NYSE:GCAP), a global provider of online trading services, today announced the acquisition of Galvan Research, the UK's leading Contract For Difference (CFD) advisory business.  
Founded in 2004 by Andrew Gibson, Jonathan Pinkney and James Pinkney, Galvan Research provides individual investors with professional advice and trading recommendations across a wide range of markets, including FX, individual equities, equity indices and other market sectors. Galvan Research was voted Best Equity Derivatives Advisor eight times by the readers of Shares magazine (2005-2009, 2011-2013) and has earned six consecutive wins as Best CFD Advisor at the Money AM Awards (2008-2013). Galvan is authorized and regulated by the U.K. Financial Conduct Authority.
"Galvan Research gives us a solid foundation on which to build a comprehensive advisory service for our clients," said Glenn Stevens, Chief Executive Officer of GAIN Capital. "This transaction is an important step in enhancing our research and advisory capabilities in support of our recently expanded FX & CFD offering, which now covers 12,500 financial products.  We are committed to delivering value-added services to help our clients make informed trading decisions, and high quality trading ideas and advice are a core part of this strategy."
Andrew Gibson, founder and CEO of Galvan Research, added: "We are delighted to be joining GAIN Capital and look forward to taking advantage of the opportunities associated with being part of a respected company with a global reach. Over the last ten years we have built an award-winning UK business that we are proud of, and we are excited now to be able to extend our service to GAIN's customer base, as well as have the considerable resources of GAIN behind us as we look to broaden our coverage of financial markets and expand into new geographies."
Financial terms of the transaction were not disclosed.
Galvan Research will continue to operate as a separate brand, and its current management team will remain in place.  
The transaction is expected to close in the second quarter, subject to regulatory approval and customary closing conditions. GAIN anticipates the transaction to be immediately accretive to its 2014 financial 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 deals  mergers and acquisitions  m&a  forex consolidation  forex deal  forex takover  forex acquisition  galvan research  cfd trading  cfd advisory  uk forex  fca 

More news about Forex.com

Forex
Broker Country Regulation Platform Min Deposit Review
US CFTC, NFA MT4, Web,
in-house 		$50 Review Website
US NFA, CFTC MT4 $250 Review Website
Cyprus, UK, Mauritius CySec, FCA, FSC MT4, MT5, Web $10 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
UK FCA MT5 $5 Review Website
UK FCA MT4, Web, MT4
for Mac		 $100 Review Website

More Forex Brokers News

FC Barcelona and FBS Sign New Global Partnership Agreement

 Jan 17 2020 13:05:55

Broker specializing in online trading becomes club’s Official Trading Partner for four years, through 30 June 2024. Read more

FP Markets adds Autochartist to its list of analytical tools

 Jan 13 2020 17:56:25

FP Markets, one of the leading brokers in Australia and a trusted global Forex and CFD broker, has added yet another instrument to its long list of trading tools  - the Autochartist - an online technical analysis tool which scans the market to provide detailed breakdowns across a wide range of ... Read more

FBS clients grow to over 14 million in 2019

 Jan 07 2020 18:15:13

FBS, one of the leading players in the forex industry, published its annual report for 2019, celebrating its 10th birthday and 14 millionth client in some 190 countries around the globe. Read more

#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

de | cn | ru