GAIN Capital Holdings, Inc. (GCAP) Thursday said it signed an agreement with Deutsche Bank AG to buy dbFX, Deutsche Bank's retail foreign exchange trading business. The agreement also provides for the referral of retail forex clients from Deutsche Bank to GAIN Capital over the two-year period following the closing of the transaction.
Under the acquisition agreement GAIN Capital would make certain payments to Deutsche Bank based on contract volume generated by transferring customers.
For comments and feedback: editorial@rttnews.com