Deutsche Bank sells dbFX to Gain Capital
Deutsche Bank has sold its retail foreign exchange trading business, dbFX, to Gain Capital, an online trading services provider and operator of retail FX trading platform forex.com.
Since its launch in 2006, volumes on dbFX have grown every year and culminated with full-year 2010 volumes being 56% higher than 2009 volumes, according to Deutsche Bank. The sale to Gain Capital, which was announced on April 21, leaves Deutsche with no presence in online retail FX trading, but has come about after
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