StoneX Group Inc. Closes on the Acquisition of GAIN Capital Holdings, Inc.
2020年7月31日 - 8:00PM
StoneX Group Inc. (NASDAQ: SNEX) (“StoneX” or the “Company”), today
announced the completion of its previously announced acquisition of
GAIN Capital Holdings, Inc. (NYSE: GCAP) (“GAIN”), an online
provider of retail foreign exchange trading and related services.
GAIN is a provider of innovative trading technology and
execution services to retail and institutional investors worldwide,
with multiple access points to OTC markets and global exchanges
across a wide range of asset classes, including foreign exchange,
commodities and global equities.
Glenn Stevens, CEO of GAIN, commented on the transaction, “As a
result of this combination, GAIN’s customers will benefit from a
richer product offering, as well as the expanded resources and
greater scale of the combined firm. StoneX, in turn, will add a new
digital platform to its global financial network, significantly
expanding its offering to retail clients, as well as a
complementary futures business. We look forward to a bright
future as part of the StoneX Group.”
Sean O’Connor, CEO of StoneX, added, “This is the beginning of
an exciting new era for our company as we add two of the largest
and best known retail financial-services trading brands in the
world to our global financial services network, in the process more
than doubling the number of active retail accounts we serve to
295,000 worldwide. We expect the integration of GAIN’s businesses
to drive transaction volumes and create new cross-selling
opportunities across all of our platforms – ultimately driving our
financial performance in the process.”
About StoneX Group Inc.
StoneX Group Inc. (NASDAQ: SNEX) connects its clients with the
global markets across asset classes - providing execution,
post-trade settlement, clearing and custody. Clients use its
digital platforms, market intelligence and high-touch service to
manage their market risk, pursue trading opportunities, make
investments efficiently, and improve their business
performance.
Further information on StoneX is available at
www.stonex.com.
Forward-Looking Statements
This press release contains “forward-looking statements” within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. Forward-looking statements are identified by words such as
“may,” “should,” “expects,” “anticipates,” “assumes,” “can,”
“will,” “could,” “likely,” “intends,” “might,” “predicts,” “seeks,”
“would,” “believes,” “estimates” or “plans.” These forward-looking
statements include, among other things, statements relating to the
expected results of the merger with GAIN, including any anticipated
cost or capital synergies associated therewith, operating
efficiencies and results, growth, client and stockholder benefits,
accretion, financial benefits or returns, key assumptions,
integration costs and transaction costs, our future financial
performance, our business prospects and strategy, anticipated
financial position, liquidity and capital needs and other similar
matters. These forward-looking statements are based on management’s
current expectations and assumptions about future events, which are
inherently subject to uncertainties, risks and changes in
circumstances that are difficult to predict. These forward-looking
statements involve known and unknown risks and uncertainties, many
of which are beyond our control, that may cause actual results to
be materially different from any anticipated results expressed or
implied by these forward-looking statements, including, among
others, (i) anticipated benefits of the merger, including the
realization of revenue, accretion, financial benefits or returns
and other cost and capital synergies may not be fully realized or
may take longer to realize than expected, (ii) adverse changes in
economic, political and market conditions, such as price levels and
volatility in the commodities, securities and foreign exchange
markets in which we and GAIN operate, (iii) losses from our
market-making and trading activities arising from counter-party
failures and changes in market conditions, (iv) the possible loss
of key personnel or GAIN key personnel, (v) the impact of
increasing competition, (vi) the impact of changes in government
regulation, (vii) the possibility of liabilities arising from
violations of federal and state securities laws, (viii) the impact
of changes in technology in the securities and commodities trading
industries and (ix) other risks and uncertainties, including those
set forth under the heading "Item 1A. Risk Factors" in our most
recent Annual Report on Form 10-K and, to the extent applicable,
our Quarterly Reports on Form 10-Q. You should read cautionary
statements made as being applicable to all related forward-looking
statements wherever they appear in this press release. We cannot
assure you that the forward-looking statements in this press
release will prove to be accurate. Furthermore, if our
forward-looking statements prove to be inaccurate, the inaccuracy
may be material. In light of the significant uncertainties in these
forward looking statements, you should not regard these statements
as a representation or warranty by us or any other person that we
will achieve our objectives and plans in any specified time frame,
if at all. Investors are cautioned not to place undue reliance on
forward-looking statements, which speak only as of the date they
were made. Except as expressly required under federal securities
laws and the rules and regulations of the U.S. Securities and
Exchange Commission, we do not have any obligation, and do not
undertake, to update any forward-looking statements to reflect
events or circumstances arising after the date of this press
release, whether as a result of new information, future events or
otherwise. All forward-looking statements attributable to us are
expressly qualified by these cautionary statements.
Media Contact:
Jay A. MorakisM Group Strategic Communications (for StoneX Group
Inc.)1-646-859-5951jmorakis@mgroupsc.com
SNEX-G
GAIN Capital (NYSE:GCAP)
過去 株価チャート
から 11 2024 まで 12 2024
GAIN Capital (NYSE:GCAP)
過去 株価チャート
から 12 2023 まで 12 2024