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INTL FCStone Inc to Acquire GAIN Capital Holdings Inc - M&A Call Transcript
Ladies and gentlemen, thank you for standing by, and welcome to INTL-GAIN update conference call. (Operator Instructions) Please be advised that today's conference is being recorded. (Operator Instructions)
I would like to hand the conference over to your speaker today, Sean O'Connor, CEO, INTL FCStone. Please go ahead, sir.
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Hi, good morning, everyone. Welcome to our call to discuss the acquisition of GAIN Capital Holdings. Joining me on the call are -- is Glenn Stevens, the CEO of GAIN, and he will speak in just a second. We'll discuss the details of this deal in a moment, but just want to tell you that we're very excited about this merger. We think it works for us strategically on a number of levels. We add a new digital platform to increase transaction volume and expand product distribution of our global financial services network. We grow our client footprint, and we increase our client float, and we add a significant new retail client segment.
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