Gain Capital switches to NYSE for its upcoming IPO

Gain Capital the one of three 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 brokers who are now attempting an IPO (FXCM and FXPro are two others) is switching from NASDAQ to NYSE hoping that this attempt is going to be more successful than the last one. Gain Capital registered for an IPO more than a year ago but wasn't able to find the right timing (or maybe buyers) to float its shares.

Gain said in its latest IPO prospectus that it plans to list on the NYSE under the symbol GCAP. Morgan Stanley and Deutsche Bank Securities are underwriting the offering.

GAIN generated third-quarter revenue of $51.5 million, greater than the same period last year but lower than the previous quarter.

The company generated revenue of $148.1 million in the first nine months of the year, compared with $113.8 million in the same period of last year. The company has said considerable Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term across global markets has helped drive additional trading traffic to its website.

The company and its president and chief executive, Glenn H. Stevens, neither admitted nor denied allegations brought against them by the National Futures Association in June and paid $459k to settle market manipulation and unfavorable trading conditions allegations brought by the NFA.