GAIN Capital Japan Announces Name Change

Gain Capital Japan announced today that the company has decided to change its name after the recent acquisition by the New York-based financial services provider, StoneX (previously known as INTL FCStone).

According to the official announcement published on Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term.com/jp, the company will officially change its name from 'Gain Capital Japan Co., Ltd.' to 'Stone X Financial Co., Ltd.' StoneX completed the acquisition of Gain Capital Group in 2020 in a deal worth nearly $236 million.

“With more than 100 years of experience in financial markets, StoneX Group (NASDAQ: SNEX), which develops forex.com brands globally, meets strict standards in corporate governance, financial reporting and disclosure as a publicly-traded company on the NASDAQ stock market in the United States,” the company mentioned in the official announcement.

StoneX first revealed its intention to acquire Gain Capital in February 2020 and completed the acquisition in July last year. StoneX paid $6 per share in an all-cash transaction with a total deal value of approximately $236 million.

During an interview with Finance Magnates, Sean O'Connor, Chief Executive Officer at StoneX, said: “Gain was beneficial from a financial and strategic standpoint, and it provided us with the intellectual assets to enhance our strategy to become the best-in-class financial platform, connecting clients to the global markets across asset classes, offering vertically integrated Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term and clearing.”

Strong Financial Results

StoneX recently published its financial results for the first quarter of the fiscal year 2021, ending on December 31. The company reported a surge in FX and CFD business after the acquisition of Gain Capital. Operating revenues, as well as trading activities on the FX and CFD instruments, jumped significantly in the last few months. In addition to its acquisition of Gain Capital, StoneX has expanded its global sports sponsorship portfolio as well. Finance Magnates earlier reported about the company’s sponsorship deal with one of the leading rugby clubs in the UK, Saracens.