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FXCM US clients to be transferred to Forex.com on February 24, 2017

From financefeeds.com

It has been a week since Gain Capital Holdings Inc (NYSE:GCAP) announced it sealed a definitive agreement to acquire the US retail FX clients of FXCM Inc (NASDAQ:FXCM). Since then, some financial details about the deal have emerged: GAIN is making no upfront payment. The sum FXCM will receive for disposing of its US retail FX business will depend on the trading activity of clients acquired by GAIN. The maximum amount to be paid per account transferred is $500 – that is, if the client executes at least one trade during the 76 days after the closure of the deal. The deal itself is subject to regulatory approvals. GAIN ... (full story)

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