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GAIN Capital pays $5.1 million for FXCM US client accounts in Q1’2017

From financefeeds.com

Almost three months have passed since Gain Capital Holdings Inc (NYSE:GCAP) entered into a definitive agreement to acquire the US retail client accounts of FXCM, which had to leave the US market in line with settlements with the National Futures Association (NFA) and the Commodity Futures Trading Commission (CFTC). Details of the deal have shown that GAIN is making no upfront payment, but will instead pay FXCM based on the trading activity of the transferred accounts. GAIN Capital is set to pay $500 for every transferred client account that executes at least one new trade during the first 76 calendars days of the ... (full story)

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