Plus500 up 17%, Gain Capital down 17% Thursday

Most of us in and connected to the forex industry understand that we are all together in one big boat. Rising industry volumes generally mean good times for (most) everyone, while slow volumes hurt (nearly) everyone. There are always the haves and have-nots, firms managed better than others, but generally a rising tide should lift all ships in the sea of forex, and a falling tide vice versa.

So yesterday’s stock market activity in shares of some key publicly traded retail forex brokers begs some explaining. In a forex version of one of may favorite movies, Trading Places, we saw on the same day Plus500 (LON:PLUS) shares rise 17% while Gain Capital (NYSE:GCAP) shares fell 17%. Note that this was the second consecutive day of a 17% share price rise for Plus500.

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