Cashing in Quick! GAIN Capital Chairman of the Board Peter Quick buys $280,000 of company stock

Gain Capital Holdings Inc (NYSE:GCAP) Chairman of the Board of Directors Peter Quick has purchased 40,000 units of Class A common stock in the company, for a price of $7.0219 per share, in three separate transactions on March 18, 2016. Reported by GAIN Capital to the Securities and Exchange Commission (SEC) yesterday, this now takes […]

Gain Capital's Peter Quick buys $280,000 of stock

Gain Capital Holdings Inc (NYSE:GCAP) Chairman of the Board of Directors Peter Quick has purchased 40,000 units of Class A common stock in the company, for a price of $7.0219 per share, in three separate transactions on March 18, 2016.

Reported by GAIN Capital to the Securities and Exchange Commission (SEC) yesterday, this now takes Mr. Quick’s shareholding up to 139,525 units of Class A common stock, 109,525 of which are directly owned by Mr. Quick, 10,000 of which are indirectly owned by the IRA, and 20,000 indirectly owned by Family LLC.

At today’s values, Mr. Quick’s total portfolio of GAIN Capital shares is worth approximately $886,000, the share price now resting at $6.35 per share, slightly lower than the price paid by Mr. Quick last week.

Mr. Quick joined GAIN Capital’s board as Chairman in December 2010 following five previous years as a member of the board, and has substantial institutional experience.

Mr. Quick has acted as a private investor managing a diversified portfolio of public and private investments throughout important parts of his career, with institutional board-level appointments including his standing as president and member of the board of governors of the American Stock Exchange (AMEX) between 2000 and 2005, preceded by a long term leadership position at discount brokerage firm Quick & Reilly between 1983 and 2000.

In addition to his position as Chairman of the Board at GAIN Capital, Mr. Quick also serves as a member of the board of directors of Medicure, Inc., a publicly held pharmaceutical company, the board of governors of St. Francis Hospital and Good Shepherd Hospice and the board of directors of the Jefferson Scholars Foundation at the University of Virginia.

Photograph: Flat Iron Building, Madison Square Garden, New York

Read this next

Executive Moves

Christine Kiener joins Saxo Markets UK as Head of Institutional Sales

“I have been very impressed by the strong track record, clear strategic pathway and ambition of the Saxo business. I am excited to start working with the team to further grow the institutional footprint which has been established in the UK.”

Industry News

CFTC charges Rathnakishore Giri with $12m Bitcoin ponzi scheme

“Identifying and policing fraud in these emerging markets may be difficult or delayed in light of the agency’s limited visibility in these markets”, said CFTC Commissioner Kristin Johnson.

Institutional FX

AbbeyCross raises $2.47m to develop FX market infrastructure for EM currencies

Many EM currencies are currently traded without full-price discovery, creating an unlimited compliance and regulatory risk.

Digital Assets

YouHodler enhances Multi HODL: faster rates and execution, lower fees

“We know some traders mentioned freezing issues when opening or closing a Multi HODL deal. Now, those problems are completely gone”.

Industry News

ASIC bans Funds United Pty director for six years

The six-year ban will prevent Ms. Hutchinson from controlling an entity that carries on a financial services business, and performing any function within the industry.

Inside View

Brave new world: Recruitment of fintech talent in the new UK immigration environment

In this article, solicitor Denise Osterwald outlines what UK businesses should do to attract top talent from abroad.

Digital Assets, Interviews

FX goes Crypto: Exclusive interview with BVNK’s Jonathan Cumberlidge

BVNK is the new name in the City of London. Co-founded by ex-TradFi Chris Harmse, Balfour Group founder Jesse Hamson-Struthers, and ex-TrueLayer George Davis, the firm provides a single platform to bridge fiat and crypto together. 

Digital Assets

AAX ranked world’s second largest spot exchange, only behind Binance

Crypto trading volumes experienced their first surge in activity since March as the majority of digital assets began their recovery from the recent grim price action, according to a new report by Cryptocompare.

Digital Assets

Bitpay teams up with Cardlytics to provide 15% cashback rewards

Crypto payment service provider Bitpay announced a partnership with Cardlytics Inc (NASDAQ:CDLX), which it says will offer more rewards for BitPay cardholders on its platform.

<