New Jersey-based GAIN Capital has entered into a deal to purchase 100 percent stock in Galvan Research for undisclosed terms.
Galvan Research was established in 2004 by the trio of Jonathan Pinkney, Andrew Gibson and James Pinkney. It supplies private investors with professional trading advice and recommendations in various markets such as individual equities, equity indices, forex and other market segments.
The company, which is regulated and authorized by U.K. Financial Conduct Authority, won the award of the Best Equity Derivatives Advisor eight times. The award is administered by Shares magazine readers. Galvan Research was also voted six times as the Best CFD Advisor in the Money AM Awards from 2008-2013 period.
“We are pleased to announce we have closed the acquisition of Galvan Research, our third acquisition of 2014,” Glenn Stevens, the Chief Executive Officer of GAIN Capital, said in a press release. “Galvan gives us a solid foundation on which to build a comprehensive advisory service for our clients in support of our recently expanded FX & CFD offering.”
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Now, scalpers will have their own panel, which will be available immediately in the Protrader 2 and Protrader 3 trading platforms.
Another report showed that the Australian Financial Markets Association and the Australian Foreign Exchange Committee have published a new set of rules to improve standards in the foreign exchange market. The documents details options products and currency and guides pricing and dealing methods. To register for a free 2-week subscription to ForexMinute Premium Plan, visit www.forexminute.com/newsletter.
To contact the reporter of this story; Yashu Gola at yashu@forexminute.com