GAIN Capital SEC Filing Shows a Total of $7m Paid for FXCM Accounts

GAIN Capital has filed its quarterly 10-Q form with the US Securities and Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term Commission, showing that the company posted an increase in direct business. The shift in the mix of revenues is largely due to the acquisition of FXCM’s accounts.

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The company highlighted in the detailed report to the US regulator that it paid a total of $7 million to FXCM. As Finance Magnates reported in the aftermath of the deal, GAIN Capital paid $500 for every account that executes a trade during the initial 76 day period, and $250 for every account that executed a trade in the 77 days following this.

As for the third quarter of the year, GAIN Capital’s indirect business accounted for 30.9% of the retail trading volume, compared to 35.3 percent in the first half of the year. The change is driven primarily by the Acquisition Acquisition Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Read this Term of FXCM’s US book. Indirect volumes declined to 42.9 percent of the total in Q3, with the H1 figure standing at 44.7 percent.

As expected by GAIN Capital’s management team, the company’s revenues per million rebounded in the second quarter to $122 per million. This figure is more or less in line with the same period of the previous year when the company reported $124 per million.

Shares of GAIN Capital traded materially higher after the earnings report last week. Currently, the company’s stock has fully recovered from the slump induced by the first quarter earnings report in May.