Gain Capital has acquired Deutsche Bank’s dbFX – the bank’s retail FX trading business.
The agreement also includes the referral of retail FX clients from Deutsche Bank to Gain Capital in the two years following the close of the transaction.
The acquisition includes a number of clauses which will see Gain make payments to Deutsche Bank according to contract volume created by the transfer of clients (subject to a specified minimum payment).
The dbFX platform has enjoyed year-on-year growth since it was launched in 2006; 2010 volume results increased by 56% from 2009 figures. Another benefit of the agreement is that dbFX customers will also be able to trade through Gain’s retail division, forex.com.