Breaking: GAIN Capital Sells GTX ECN to Deutsche Borse’s 360T for $100m

[kreslik.news]

The institutional business unit of GAIN Capital, foreign exchange electronic communications network (ECN) GTX has been sold to Deutsche Borse’s 360T. The move marks a continued expansion on part of the German company’s business in the FX space and marks the continuation of the move of institutional level FX trading businesses to exchanges.

The move comes about a year after Deutsche Borse’s 360T launched an FX ECN of its own. Major exchanges around the globe have been venturing deeper into foreign exchange for years now after BATS acquired Hotspot in 2015 and Euronext took over Fastmatch last May.

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