Gain Capital
 |
|
| Public | |
| Traded as | : GCAP |
| Industry | Financial Services |
| Founded | 1999 |
| Headquarters | Bedminster, New Jersey, United States |
|
Key people
|
Glenn Stevens CEO |
| Services | Financial broker, On-line forex trading |
|
Number of employees
|
800+ |
| Website | www.gaincapital.com |
GAIN Capital is a US-based provider of online trading services, headquartered in Bedminster, New Jersey. The company provides market access and trade execution services in foreign exchange, contracts for differences and exchange-based products to retail investors. Trading is provided via one of two electronic trading platforms, its own proprietary FOREXTrader PRO, or MetaTrader 4. GAIN Capital allows retail and institutional clients to speculate on global foreign exchange markets in what is known as ‘margin forex trading’.
GAIN Capital operates retail foreign exchange and CFD trading brands, FOREX.com and City Index as well as GTX, a multi-dealer foreign exchange trading platform for institutions and futures group. It also owns advisory CFD business, Galvan, and futures provider, Daniels Trading.
GAIN Capital was founded in 1999 in Bedminster, New Jersey, and was one of the early developers of on-line forex trading.
The company went public in 2010 when it floated part of its shareholdings on the NYSE; however, the initial IPO was scaled back at the last minute as target price was not reached.
In October 2014 the company acquired UK-based rival City Index for $118 million, boosting its CFD business and expanding its Forex business in the UK.
On February 7, 2017, GAIN Capital agreed to acquire FXCM's US client base a day after the latter had been barred by CFTC and NFA from doing business in the United States.
GAIN Capital is a US-based firm but has serviced customers from over 140 countries worldwide and gains over half its revenue from outside the US. GAIN Capital and its affiliates have offices in New York City; Bedminster, New Jersey; London; Sydney; Hong Kong; Tokyo; Singapore and Seoul. The company's largest retail Forex website is Forex.com, though it also offers white label solutions for dozens of online Forex trading companies, most of which serve the global market.
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Wikipedia