GAIN Capital's Forex.com Japanese Arm Acquires the FX Customers of Planex Trade
- The transition is supposed to happen seamlessly wihtput interruption of services with the company's existing customers being able to continue using the Dealbook 360 platform under the Forex.com brand.
As first reported by Forex Magnates Japan, GAIN Capital's Japanese 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 arm has acquired Planex Trade FX customer base. The move comes just as GAIN Capital's CEO, Glenn Stevens, stated during the company's earnings presentation on Monday that the acquisition pipeline remains open.
Despite some analysts questioning the M&A strategy of the firm, the company remains committed to take advantage of the overall FX market slowdown to boost its portfolio. According to the text of the Q2 earnings presentation by GAIN Capital, "M&A pipeline remains robust with several transactions in various stages of negotiations."
The deal signifies that the efforts of Planex Trade on the FX market have not yielded the desired results after the company's acquisition of the customer base of GFT back in 2012. At the time, GFT’s Japanese clients received an update informing them about the move and provided them with sufficient time to decide whether they would be interested to migrate.
While additional details about the migration of services remain to be announced to the clients of Planex Trade, according to the announcement, the move should be seamless and not result in any disruption to the trading habits of the clients, as the Dealbook 360 platform will continue to be provided by Forex.com.
Planex itself is a holding company and was owned by the Forex Trading Forex Trading Forex trading is the buying and selling of foreign currencies with the aim of generating a profit. The value of currencies, especially floating currencies, fluctuate to varying degrees. This constant volatility of exchange rates opens the door for speculators to invest in a certain currency against another. The Forex market is the world’s biggest and most liquid market, with over $5 billion turnover every single day, with the market being open 24 hours a day, 5 days a week.It goes without saying Forex trading is the buying and selling of foreign currencies with the aim of generating a profit. The value of currencies, especially floating currencies, fluctuate to varying degrees. This constant volatility of exchange rates opens the door for speculators to invest in a certain currency against another. The Forex market is the world’s biggest and most liquid market, with over $5 billion turnover every single day, with the market being open 24 hours a day, 5 days a week.It goes without saying Read this Term business of Gaitame Japan until it was sold to DMM in August 2012.
Talking about M&A during GAIN Capital's Q2 earnings call, Glenn Stevens elaborated, "We have a very robust pipeline, lots of active conversations, and it wouldn't surprise me if we get one or more deals done this year. I think that's part of our mix and our mantra internally to say that we have to be able to manage our operating metrics, manage our costs, and look for opportunities to build the overall platform over the footprint of our business."
As first reported by Forex Magnates Japan, GAIN Capital's Japanese 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 arm has acquired Planex Trade FX customer base. The move comes just as GAIN Capital's CEO, Glenn Stevens, stated during the company's earnings presentation on Monday that the acquisition pipeline remains open.
Despite some analysts questioning the M&A strategy of the firm, the company remains committed to take advantage of the overall FX market slowdown to boost its portfolio. According to the text of the Q2 earnings presentation by GAIN Capital, "M&A pipeline remains robust with several transactions in various stages of negotiations."
The deal signifies that the efforts of Planex Trade on the FX market have not yielded the desired results after the company's acquisition of the customer base of GFT back in 2012. At the time, GFT’s Japanese clients received an update informing them about the move and provided them with sufficient time to decide whether they would be interested to migrate.
While additional details about the migration of services remain to be announced to the clients of Planex Trade, according to the announcement, the move should be seamless and not result in any disruption to the trading habits of the clients, as the Dealbook 360 platform will continue to be provided by Forex.com.
Planex itself is a holding company and was owned by the Forex Trading Forex Trading Forex trading is the buying and selling of foreign currencies with the aim of generating a profit. The value of currencies, especially floating currencies, fluctuate to varying degrees. This constant volatility of exchange rates opens the door for speculators to invest in a certain currency against another. The Forex market is the world’s biggest and most liquid market, with over $5 billion turnover every single day, with the market being open 24 hours a day, 5 days a week.It goes without saying Forex trading is the buying and selling of foreign currencies with the aim of generating a profit. The value of currencies, especially floating currencies, fluctuate to varying degrees. This constant volatility of exchange rates opens the door for speculators to invest in a certain currency against another. The Forex market is the world’s biggest and most liquid market, with over $5 billion turnover every single day, with the market being open 24 hours a day, 5 days a week.It goes without saying Read this Term business of Gaitame Japan until it was sold to DMM in August 2012.
Talking about M&A during GAIN Capital's Q2 earnings call, Glenn Stevens elaborated, "We have a very robust pipeline, lots of active conversations, and it wouldn't surprise me if we get one or more deals done this year. I think that's part of our mix and our mantra internally to say that we have to be able to manage our operating metrics, manage our costs, and look for opportunities to build the overall platform over the footprint of our business."