Online FX industry consolidates in US
TECHNOLOGY NEWS
WARREN, NJ -- The online FX trading market lost another player last week, when Gain Capital announced the acquisition of fellow e-FX trading firm American Traders FX (ATFX) for an undisclosed amount.
"This happens in every industry -- bigger, more successful firms tend to merge with smaller firms," Mark Galant, chief executive at Gain Capital in New Jersey, told FX Week.
"Many firms probably thought they could run a mean and lean business in this market, but if they don't get as many clients as
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