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  • FXCM offers to buy smaller rival Gain Capital for $210 mln

    From reuters.com

    FXCM Inc said it offered to buy Gain Capital Holdings Inc for $210.4 million in stock to increase its presence in the online foreign exchange market. FXCM said it will give Gain Capital shareholders 0.3996 shares of its common stock, or $5.35 per share, which represents a premium of about 25 percent of Gain's Monday closing price of $4.27. The company is also willing to offer up to $50 million in cash instead of stock, FXCM said in a statement on Monday. FXCM and Gain Capital are two of the largest providers of electronic platforms for individuals to trade in currencies. FXCM sees the deal being accretive to earnings ... (full story)

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  • Post #1
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  • Apr 9, 2013 2:39am Apr 9, 2013 2:39am
  •  Spreadbetter
  • | Membership Revoked | Joined Feb 2012 | 3,235 Comments
Makes sense given their paper worth has increased exponentially since the equities market has rocketed, there'll be hardly any credible choices left for Americans to trade FX at this rate.
 
 
  • Post #2
  • Quote
  • Apr 9, 2013 2:53am Apr 9, 2013 2:53am
  •  Guest
  • | IP XX.XX.211.173
Traders along with their accounts bought and sold just like cattle.
 
 
  • Post #3
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  • Apr 9, 2013 2:54am Apr 9, 2013 2:54am
  •  Yao
  • | Joined Aug 2011 | Status: Member | 668 Comments
I don't like monopoly. spread will only get higher and higher.
 
 
  • Post #4
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  • Apr 9, 2013 3:19am Apr 9, 2013 3:19am
  •  Exodus
  • Joined May 2012 | Status: Baaa-aa-aa | 4,671 Comments
Quoting Yao
Disliked
I don't like monopoly. spread will only get higher and higher.
Ignored
Have you tried 'Risk', the game of global domination?
 
 
  • Post #5
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  • Jan 4, 2017 5:29pm Jan 4, 2017 5:29pm
  •  psperos
  • | Joined Jul 2008 | Status: Member | 1 Comment
mega unsuprise ... Mt4 at fxcm in the US is horrible. Even more reason to be done with US FX brokers. Personal solution = Bitcoin + http://evolve.markets
 
 
  •  Guest
  • | IP X.XXX.176.80
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  • Story Stats
  • Posted: Apr 9, 2013 1:29am
  • Submitted by:
     Newsstand
    Category: Forex Industry News
    Comments: 5  /  Views: 3,000
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