The story
GAIN Capital was founded in 1999 in Bedminster, New Jersey, and was one of the early developers of online forex trading.
The company went public in 2010 when it floated part of its shareholdings on the NYSE; however, the initial IPO was scaled back at the last minute as the target price was not reached.
In October 2014 the company acquired UK-based rival City Index for $118 million, boosting its CFD business and expanding its Forex business in the UK.
On February 7, 2017, GAIN Capital agreed to acquire FXCM's US client base a day after the latter had been barred by the CFTC and NFA from doing business in the United States. The company paid $7.2 million for these accounts, $500 per account that traded within 76 days and $250 for accounts that traded subsequently.
In February 2020, StoneX (formerly INTL FCStone) announced the acquisition of US-based brokerage GAIN Capital Holdings Inc. The all-cash deal, approved by boards of both companies, was worth about $236 million in equity value.
From Wikipedia’s article on GAIN Capital, shared under CC BY-SA 4.0.5