Why did GAIN Capital sell GTX to 360T? A conversation with CEO Glenn Stevens @ Forex Factory

Why did GAIN Capital sell GTX to 360T? A conversation with CEO Glenn Stevens @ Forex Factory


From leaprate.com

The name GTX has been associated for years with parent GAINCapital Holdings Inc (NYSE:GCAP). And so the news late last month of GTX being sold for $100 million toDeutsche Boerse AG’s 360T unit came of something of a surprise to many in the FX world – especially as GTX just announced its best-ever month for trading volumes in May 2018. Why did GAIN Capital decided to sell now? How did the deal come together? LR: Hi Glenn, and thanks so much for joining us today. GAIN Capital has been in both the Retail and Institutional sides of the FX brokerage business for a long time, so its exiting Institutional seems to be a ‘big deal’. Any thoughts on … (full story)



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