Financial services provider StoneX Group Inc. announced the finalization of its announcement in February to acquire Gain Capital.

Gain Capital, an online retail FX trading services provider, is now fully acquired by StoneX Group Inc. The acquisitor, formerly known as INTL FCStone, made an announcement today about the finalization of its acquisition. Gain Capital from New Jersey provides traders with low-cost access to foreign exchange markets. Their businesses include global CFD and FX brands FOREX.com and City Index, which provides access to the world's major commodity and derivatives trading on over 30 global exchanges.

gain capital acquisition

The amount of equity value is approximately $236 million. The shareholders of Gain Capital voted last month the approval of acquisition for $6.00 per share in an all-cash transaction.

"As a result of this combination, GAIN’s customers will benefit from a richer product offering, as well as the expanded resources and greater scale of the combined firm. StoneX, in turn, will add a new digital platform to its global financial network, significantly expanding its offering to retail clients, as well as a complementary futures business. We look forward to a bright future as part of the StoneX Group." commented Glenn Stevens, CEO of GAIN.

While the StoneX CEO, Sean O'Connor said that the acquisition of GAIN Capital is an exciting business this year.

"This is the beginning of an exciting new era for our company as we add two of the largest and popular retail financial-services trading brands in the world to our global financial services network, in the process more than doubling the number of active retail accounts we serve to 295,000 worldwide. We expect the integration of GAIN’s businesses to drive transaction volumes and create new cross-selling opportunities across all of our platforms – ultimately driving our financial performance in the process," said O'Connor.

City Index, one of Gain Capital's FX brand was actually acquired quite recently. Find out the complete story here.