GCAP Well Positioned In An Attractive Growth Industry, Deutsche Bank Reports

In a report released this morning, Deutsche Bank said that Gain Capital (NYSE: GCAP) is well positioned in an attractive growth industry.

“Gain is one of the market leaders in the relatively young, & fast growing retail FX market, which has grown at a ~37% CAGR rate since 2001,” Deutsche Bank writes.

“While we expect industry growth to moderate from its recent level as the market continues to mature, we expect the growth to remain healthy at ~15-20%, given the expanding user base, increased use by active traders, increased recognition of currencies as an asset class, reduced transaction costs, & improved access to the FX market.”

Gain Capital closed Monday at $9.98.