GAIN Capital Holdings (GCAP), a US-based online trading services provider, has purchased Galvan Research, a UK-based Contract For Difference (CFD) advisory business for undisclosed amount.
Founded in 2004, Galvan Research provides individual investors with professional advice and trading recommendations across a wide range of markets including FX, individual equities, equity indices and other market sectors.
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Upon completion of the deal, Galvan Research will continue to be operated as a separate brand, and its current management team will remain in place.
The transaction, which is subject to regulatory approval and customary closing conditions, is expected to close in the second quarter.
GAIN Capital CEO, Glenn Stevens, said: "This transaction is an important step in enhancing our research and advisory capabilities in support of our recently expanded FX & CFD offering, which now covers 12,500 financial products.
"We are committed to delivering value-added services to help our clients make informed trading decisions, and high quality trading ideas and advice are a core part of this strategy."
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