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Gain Capital Holdings sells brokerage assets

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Florida-based TradeKing Group Inc. announced Tuesday it will acquire the accounts and other asset rights of a subsidiary of Bedminster-based Gain Capital Holdings.

Gain's Cleveland-based subsidiary, Gain Capital Securities Inc., operates as a boutique brokerage. Terms of the all-cash deal were not disclosed.

According to the announcement, TradeKing and Gain Securities share a clearing partner, which expedited the transaction.

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