Today, TradeKing Group Inc. announced the receipt of an approval from FINRA for the acquisition of assets of GAIN Securities
GAIN Securities Inc. is a subsidiary of GAIN Capital Holdings Inc. With the approval of the regulatory agency, TradeKing had anticipated to get GAIN Securities clients fully transitioned to its brokerage firm by early October.
TradeKing Group CEO Don Montanaro said, "We're delighted to have secured FINRA approval and now can begin the process of delivering on what we've promised the GAIN Securities clients - an outstanding brokerage experience at a tremendous value. There are a number of features in our offering, including a vast array of trading tools and top-notch mobile apps, that will represent a significant improvement for these clients, so we're eager to make those features and more available to them."
TradeKing announced the acquisition of accounts as well as rights over certain assets in GAIN Securities last July. The financial terms of the deal were not disclosed in the all cash transaction.
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