US-based financial group, StoneX has just finalized yet another phase in integrating the businesses that had been operating under the Gain Capital brand.
Today, Gain’s introducing futures broker, Daniels Trading has unveiled its newest logo that integrates the StoneX brand to create visual recognition that the company is now part of the US-listed organization.
Daniels Trading is a Chicago-based futures broker that was sold to Gain Capital back in 2014. The firm is a subsidiary of Global Asset Advisors, alongside Top Third Ag Marketing and Futures Online. All these brands were part of the Gain Capital acquisition, and thus are now part of StoneX’s existing portfolio.
Earlier this month, Gain Capital Japan officially changed its name to StoneX Financial Co Ltd. The move came shortly after GAIN Capital UK was successfully migrated into StoneX Financial Ltd.
StoneX phased out its FX business under the Gain Capital brand in the UK, which was part of the plans to restructure its core activities after it had acquired the firm in 2020.
Gain Capital UK has restructured its share capital and reserves to accommodate the planned back-end changes to prepare for the entity’s wind down. As such, reducing the regulatory capital was a standard step in the larger corporate integration process for StoneX’s retail FX business in the UK, which is now offered via FOREX.com and City Index.
Last year, StoneX Group completed the acquisition of GAIN Capital Holdings, which in July 2020 reported its last financial results as an independent business.
“For more than 26 years, we have been committed to providing customized services to thousands of traders. The culture of trust that has been our hallmark for the last quarter century remains the same, and we continue to provide objective and reliable solutions for our clients. As part of StoneX, we have the ability to offer even more services and resources to our customers,” said Andrew Daniels, Founder and CEO of Daniels Trading.
Sean O’Connor, CEO of StoneX stated: “It is an exciting time for both StoneX and Daniels Trading. Through the acquisition of GAIN and its subsidiaries, StoneX has made a major commitment to the retail trading space, more than doubling our number of active retail accounts. Respected brands such as Daniels Trading are an important addition to our retail offering, and Daniels’ clients can expect to benefit from the breadth of services now available to them through StoneX.”