The JV will offer online trading capabilities in FX and futures and it says it plans to extend the service into the EU in due course.
“We’re delighted to partner with Gain on this important venture,” says RCG’s chairman, Scott Gordon. “Our organizations are highly complementary, with our expertise in futures and related technology, and Gain’s industry-leading forex offering,” he adds.
“Gain Capital is excited about joining forces with RCG, one of the largest and most respected futures firms in the United States,” says Gain’s chief executive, Glenn Stevens. “Working together, we can accelerate our expansion plans in both the United Kingdom and across the European Union,” says Stevens.
The move is interesting, as little more than a year ago RCG sold off its entire London FX operation to FX boutique Fixi.