Gain Capital Holdings (GCAP -6.6%) falls after FXCM withdraws its acquisition proposal. GCAP's...

|By:, SA News Editor

Gain Capital Holdings (GCAP -6.6%) falls after FXCM withdraws its acquisition proposal. GCAP's acquisition of Global Futures and Forex consumed enough cash to "fundamentally impact the balance sheet and capital synergies that were an important driver of our proposal," says FXCM CEO Drew Niv. The merger would have combined two of the largest U.S.-based players in online currency trading.