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Follow on Google News | Gain Capital reports more details of dbFX acquisitionGain’s acquisition of dbFX – very little money changed hands
By: LeapRate Specifically, Gain’s Q2 reveals that: - Gain paid just $2.5 million in upfront cash to Deutsche Bank for the assets acquired from dbFX – those assets being customer account balances, effective customer agreements, and a marketing list. - The total transaction was valued at about $10 million – based on recent valuations of other Forex M&A transactions (see our Forex Industry Report for more up-to-date details on public and M&A valuations and transactions in the Forex sector), and our estimate for dbFX of about $55 million in client assets and $12 billion in monthly volume at the time of acquisition, Gain paid slightly below recent comparable valuations. For details please see the Forex Industry News section of our website at http://www.leaprate.com # # # Which Forex firm should I trade with? LeapRate's Approved Forex Firms list can help you answer that question. LeapRate is an independent research and advisory firm, covering the world of online Forex and CFD trading. Our Approved Firms list highlights Forex firms which in our view do things right – in terms of adherence to proper procedures, regulation, custody of cash, quotes to clients and risk management techniques, among others. LeapRate is followed by thousands of investors and other Forex industry participants via Twitter, email, and our website at http://www.leaprate.com End
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