GAIN Capital Shares Rally 12%, Odey Keeps Buying Plus500

[kreslik.news]

Shares of two publicly-listed retail brokerages are in focus today. GAIN Capital’s stock rallied 12 percent after the market open in New York. The material move higher came after the firm announced a new buyback plan.

Meanwhile, the well-known UK asset management firm owned by Crispin Odey, Odey Asset Management continued to acquire a stake in Plus500.

The stock of the Israeli brokerage company has declined over 30 percent since August 1st. On that date, the European Securities Markets Authority (ESMA) implemented new leverage restrictions for retail brokers.

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