Gain's Stevens sees consolidation continuing in retail
Gain Capital chief executive expects fewer players
In October, Gain Capital announced the acquisition of UK retail broker City Index for $118 million in a bid to widen its client reach, as part of its three-year plan to push client assets above $1 billion.
Gain Capital chief executive Glenn Stevens says the move is part of a wider consolidation trend in the retail FX sector, which is likely to continue in the coming years.
"The acquisition of City Index was part of an ongoing plan to piece together different segments of the market and grow our
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