GAIN Capital Japan, the owner of retail FX brand Forex.com Japan, today announced a planned change to its name, following the acquisition of its parent – GAIN Capital Holdings Inc, by StoneX Group Inc (NASDAQ:SNEX).

In a brief notice on its website, Forex.com Japan informs its clients of the name change, which is set to become effective on March 8, 2021.

The company name will be changed from “Gain Capital Japan Co., Ltd.” to “StoneX Financial Co., Ltd.”

On July 31, 2020, StoneX completed the acquisition of GAIN, an online provider of retail foreign exchange trading and related services. GAIN Capital operates brands such as Forex.com and City Index.

StoneX used the net proceeds from the sale of $350 million in aggregate principal amount of 8.625% Senior Secured Notes due 2025 at the offering price of 98.5% to fund the cash consideration for the acquisition, to pay certain related transaction-related fees and expenses, and together with cash on hand, to fund the September 2020 repayment of $91.5 million of Gain’s 5.00% Convertible Senior Notes due 2022.

During the fourth quarter of 2020, StoneX recognized a $81.8 million bargain purchase gain on the acquisition of GAIN Capital.