traded as nyse gcap industry financial services founded 1999 1999 headquarters bedminster new jersey united states key people glenn stevens ceo samantha roady president retail nigel rose cfo jeff scott coo mike lear cio 1 brands forex.com gtx city index group galvan research and trading daniels trading services forex trading cfds spread betting shares trading fx ecn futures trading number of employees 800 1 2 website www.gaincapital.com gain capital holdings inc. is an international financial services company headquartered in bedminster new jersey . 1 the company has specialized in online trading since its founding in 1999 and among other services it provides market access and trade execution services in foreign exchange contracts for differences cfds and exchange based products to retail and institutional investors . 1 the company which went public in 2010 on the nyse 3 also provides services to institutions such as b2b liquidity . 1 gain capital operates its own electronic communications networks including gtx for institutions 4 forex.com for currency traders of all experience levels 5 and city index for cfd trading and spread betting . 6 gain capital has acquired a number of companies since 2010 and among its current brands are the futures provider daniels trading 7 the advisory service galvan research and trading 8 and the spread betting company city index group . 6 with customers in 140 countries 9 gain capital is regulated in seven jurisdictions including the united states the united kingdom canada australia hong kong singapore and japan . 9 the company had pro forma revenue of usd 539 million and 1.1 billion in customer assets in 2015 10 and that year fortune named gain capital the 44th fastest growing company in the united states . 10 contents 1 history 1.1 founding and diversification 1999 2007 1.2 ipo and expansion 2008 2013 1.3 continued acquisitions 2014 2015 1.4 recent developments 2015 present 2 facilities 3 brands and services 4 awards and nominations 5 regulatory matters 6 further reading 7 see also 8 references 9 external links history edit founding and diversification 1999 2007 edit gain capital holdings inc. was founded in 1999 in bedminster new jersey as gain capital group with gain capital established as the company s flagship service catered to professional forex traders money managers and experienced forex day traders . 5 by the beginning of 2004 gain capital had clients in around 80 countries with monthly trade volume exceeding 35 billion per month 5 and that year deloitte ranked gain capital the fastest growing technology company in new jersey . 2 in january 2004 gain capital launched forex.com an online portal intended to support customers trading over the foreign exchange market forex . the website facilitated trading and provided educational and support materials 5 with gain capital s ceo explaining it was catered to individuals who are comfortable making their own investment decisions but have little or no experience trading foreign currencies . 5 gain capital was placed on inc. s list of the 500 fastest growing companies in the united states in 2006 the second year it placed . 2 in 2007 gain capital s five year revenue growth rate equalled 800 % . 2 ipo and expansion 2008 2013 edit after filing with the u.s. securities and exchange commission in august 2009 3 gain capital went public on december 15 2010 11 when it floated 35 % of its shares on the new york stock exchange . 11 although gain had projected raising up to 125 million with the ipo the sum was later scaled back . 3 in may 2008 gain became aware of a china banking and regulatory commission prohibition on forex trading firms providing retail forex trading services to chinese residents in china through the internet without a permit 12 resulting in gain pulling out of china for two years . 13 in may 2011 gain capital received regulatory approval to open a representative office in beijing 14 at which point the company also had branches in new york city england australia hong kong japan singapore and south korea . 13 on april 21 2011 deutsche bank announced it would exit the retail forex trading business and sell its dbfx client database to gain capital with its client portfolio to be transferred to forex.com . 15 the transfer was completed on may 17 2011 . 16 in september 2012 17 gain capital entered the futures brokering market when it acquired open e cry oec 8 from a subsidiary of the charles schwab corporation . 17 at the time of the acquisition oec held approximately 104.8 million in customer assets with around 8 300 open accounts . 17 at the end of 2012 gain capital launched the contract for difference cfd platform trade 8 and continued to operate gain gtx an independent fx ecn for financial institutions and hedge funds . 17 gain capital also continued to operate ain securities inc. a broker dealer licensed in the united states . 17 gain capital purchased the forex and derivatives trading business global futures and forex ltd gft in september 2013 . 6 gain capital s ceo stated that we intend to use gft s broad product offering innovative tools and educational capabilities to further strengthen our competitive position . 4 continued acquisitions 2014 2015 edit see also city index gain capital announced it would acquire global asset advisors gaa through a majority investment in march 2014 . 7 based in chicago gaa was known for operating the futures brokerage firm daniels trading . 7 also that month gain capital acquired a majority share in top third ag marketing a company that advertised options based hedging strategies to manage the risks of producing agricultural products . 7 as part of its continued push to expand beyond retail forex offerings 8 in july 2014 gain capital acquired the cfd advisory services firm galvan research 18 which was based in the united kingdom . 8 although galvan retained its branding and independent identity gain capital s ceo glenn stevens stated that the acquisition gave gain capital a solid foundation on which to build a comprehensive advisory service for our clients . 8 in october 2014 gain capital reported quarterly revenues 69 percent higher than the year previous . 6 also that month the company announced it would acquire uk based rival city index for 118 million boosting its cfd business and expanding its forex business in the uk 6 and asia . 6 with the acquisition completed in april 2015 19 the financial times reported that the deal will create a global company servicing 235 000 retail customers in more than 180 countries with annual trading volumes of more than 3 trillion . 6 assets for the combined companies was estimated to equal over 1.1 billion . 19 recent developments 2015 present edit in january 2015 the wall street journal reported that gain capital holdings had generated profits from recent volatility with the swiss franc with gain capital stating it had avoided losses by raising its margin requirements or the necessary funds clients must have to back their bets in the event of major volatility for trading the euro against the swiss franc to 5 % on sept. 26 2014 . the wall street journal explained that the move helped gain capital stay afloat and post gains while competitors around the world tumbled . 20 in september 2015 fortune named gain capital holdings inc. at no. 44 on its list of the 100 fastest growing companies in the united states . 10 at that point gain capital had pro forma revenue of 539 million and 1.1 billion in customer assets . 10 as of 2016 gain capital had 140 000 retail traders customers across 180 countries and continued to be listed on the nyse . 2 on february 10 2016 gain capital announced it would debut gain capital payments ltd. an international money transfer business later that spring . the business launched under the foreignexchange.com brand name with gain capital predicting the service would save users an average of 60 80 percent in fees when compared to typical bank pricing . 21 after gain capital s gtx trading portal reported an increase of trading by 40 percent in june 2016 22 on june 24 2016 it was reported that gain capital holdings inc. had not been adversely affected by the brexit decision . 23 facilities edit gain capital holdings inc. services customers in 180 countries 2 and is regulated in seven jurisdictions globally including the united states the united kingdom canada australia hong kong singapore and japan . 9 headquartered in bedminster new jersey 17 gain capital has affiliate offices in london sydney hong kong tokyo beijing 9 and seoul 17 as well as the country of singapore . 9 brands and services edit originally focused on facilitating online trading over the foreign exchange market forex in 2000 gain capital also began offering asset management services . 24 gain capital currently focuses on markets such as forex commodities equities indices and rates also providing institutions such as banks brokers hedge funds and professional traders with liquidity and technology solutions to trade on over 12 500 leveraged otc and exchange traded markets . 25 specifically gain capital allows retail and institutional clients to speculate on global foreign exchange markets in what is known as margin forex trading . 9 the company describes its products as encapsulating forex cfds spread betting options futures and dma fx . 25 it names the solutions it provides as including introducing brokers white label mt4 solutions managed accounts ecn trading and liquidity and api trading . 25 gain capital currently operates multiple forex and contract for difference cfd trading brands and electronic trading platforms 17 including its own proprietary forex.com city index and gtx . 26 it also provides customers with access to platforms by other developers such as metatrader 4 . 9 brands and subsidiaries operated by gain capital holdings inc. name focus description forex.com online fx and cfd trading 2 launched in 2004 this online trading platform is intended to facilitate forex and multi asset trading on a global level . 26 at its launch forex.com incorporated a protective margin policy to limit risk on deposited funds and stop negative balances . 5 gtx electronic communications network gain capital owns and operates gtx an independent fx electronic communications network catering to hedge funds and other institutions . 4 17 gain capital states that gtx features advanced algorithmic trading capabilities pricing aggregation and order management and routing tools . 26 as of 2013 gtx managed 208.2 million in client assets . 4 city index online cfd trading and spread betting 2 acquired by gain capital in 2014 city index was founded in 1983 and according to the financial times is one of the oldest spread betting companies in the united kingdom . 6 galvan research and trading research services and cfd advisory 2 gain capital owns an advisory cfd business galvan which it acquired in 2014 . 8 the company is based in the united kingdom 8 and retains its branding and independent identity . 8 daniels trading self directed and advisory futures trading 2 gain capital owns and operates daniels trading a futures provider 7 in chicago that provides access to around 30 global exchanges . 2 awards and nominations edit the following is an incomplete list of awards and accolades for gain capital 2 2001 global finance best online fx trading platform 2 2001 forbes best of the web 2 fx week no. 1 currency forecaster first non bank institution to win 2 2002 eastern technology council start up company of the year 2 2002 new jersey technology council growth company of the year 2 2004 deloitte technology fast 50 rising star company 2 2005 deloitte technology fastest growing forex company in north america 2 2005 inc. 500 fastest growing private companies list 2 2005 deloitte technology no. 1 fastest growing company in new jersey 2 2006 2007 technical analysis