GAIN Capital Payments updates on shareholding of US parent GAIN Capital Holdings Inc

Maria Nikolova

The number of Gain Capital Payments’ ordinary shares held by GAIN Capital Holdings Inc at July 15, 2017, is 1,050,001, compared to 500,001 a year earlier.

GAIN Capital Payments Ltd, a UK-based subsidiary of Gain Capital Holdings Inc (NYSE:GCAP), has earlier today submitted a confirmation statement with updates to UK Companies House.

The statement confirms that Gain Capital Holdings Inc is a person with significant control. The US-based company owns 75% or more of the shares and the voting rights in GAIN Capital Payments Ltd and has the right to appoint and remove directors.

At July 15, 2017, the number of ordinary shares held by GAIN Capital Holdings Inc in GAIN Capital Payments is 1,050,001, compared to 500,001 a year earlier.

FinanceFeeds has recently reported about the plans of GAIN Capital Payments, which provides international money transfer services via top-level domain ForeignExchange.com. The company aims to release its new core platform in mid-2017 reaching out to new markets in the EEA. The focus for 2017 will be to ensure completion of a robust core platform with the release of a pricing platform, new functionalities and complementary products to reach out to new customer segments and new markets within the EEA.

By the end of 2017, the company will have entered the micro-business market and should be well under way to enter non EEA markets in early 2018.

It is interesting to keep an eye on GAIN Capital’s business in the UK, as it undergoes some changes.

GAIN Capital-Forex.com U.K. Ltd. and GAIN Capital UK Limited are each registered in the United Kingdom and regulated by the Financial Conduct Authority as full scope €730k IFPRU Investment Firms. At March 31, 2017, GAIN Capital-Forex.com U.K. Ltd. maintained $16.2 million more than the minimum required regulatory capital for a total of 3.4 times the required capital.

Following the successful integration of City Index in the UK, GAIN Capital-Forex.com U.K. no longer has any clients and is no longer conducting any operational activities. It is currently in the process of deregistering its license with FCA. Until that time, it will maintain its regulatory capital in line with requirements.

Read this next

Fintech

Bitcoin payments app Strike launches in Europe

Bitcoin blockchain-based payments app Strike launched in Europe on Wednesday, allowing users in the region to buy, sell, and withdraw bitcoin (BTC).

Chainwire

Bandit Network’s Points SDK and Brave Ads Power Astar zkEVM’s Quest Platform “Yoki Origins”

“Yoki Origins,” supported by Bandit Network and Brave Ads, introduces a gamified and rewarding experience for Astar zkEVM users, marking a significant milestone in Web3 adoption.

Digital Assets

Crypto ETFs to debut in Hong Kong next week

Hong Kong has authorized six cryptocurrency-based spot ETFs set to launch on April 30, according to Bloomberg.

blockdag

BlockDAG Among The Best New Crypto To Invest In Post 8 Billion Coins Sales; More On Bitcoin Cash Futures’ Launch & Solana Positive Predictions

Explore Solana’s ATH predictions to see whether it can rise after a $17B dip? BlockDAG sells 8 billion coins in presale as Bitcoin Cash Futures launch.

Fundamental Analysis, Market News, Tech and Fundamental

Global FX Market Summary:USD, FED, German IFO ,Gold April 24 ,2024

Mixed US economic data and Fed rate hike uncertainty are causing volatility in the EUR/USD pair, while the Eurozone and gold prices add another layer of complexity.

Market News, Tech and Fundamental, Technical Analysis

EURCHF Technical Analysis Report 24 April, 2024

EURCHF currency pair can be expected to rise further toward the next major resistance level 0.9840, which stopped the pervious waves C and B, as can be seen below.

Digital Assets

Binance’s CZ could stay in prison until 2027, wife begs for mercy

Changpeng “CZ” Zhao, the founder and former CEO of Binance, has apologized for his decisions and accepted “full responsibility” in a letter to U.S. District Judge Richard A. Jones.

Digital Assets

Monex Group expands crypto business with 3iQ takeover

Monex Group has completed the acquisition of a majority stake in 3iQ Digital Holdings, Inc., a Canadian digital asset investment fund manager, as part of its strategy to expand its crypto business.

Education, Fintech, Inside View

How to Get Into Fintech: Best Tips to Succeed

The Fintech sector is experiencing significant growth, with fresh opportunities emerging rapidly.  Innovations such as machine learning and cryptocurrency are revolutionising finance, leading to a need for trained experts.

<