TradeKing Group, a provider of online brokerage services, has agreed to acquire the accounts as well as the rights to certain other assets of GAIN Capital Securities, a subsidiary of GAIN Capital Holdings.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
TradeKing and GAIN Securities have filed the acquisition agreement for approval with FINRA and anticipate a smooth approval process, which could conclude within 30 to 60 days.
Don Montanaro, CEO of TradeKing Group, said: "We see an opportunity in today’s environment to bring greater stability to the independent investor market through this type of consolidation, while offering clients a modern and standout online and self-directed brokerage experience.
"We really can’t wait to show the GAIN Securities clients all that TradeKing has to offer in terms of trading tools and platform as well as our award-winning service – all for a value we know they’ll appreciate," added Montanaro.
The financial terms of the all-cash acquisition were not disclosed.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
