GAIN Capital have just announced in a press release that:

It has reached an agreement to acquire the US-based retail forex business of GFT Forex ("GFT"), pending regulatory approval.  Financial terms of the transaction were not disclosed.

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Prompted by a comment from Michael to a post about the hedging ban, here's some more information about regulated alternatives to over the counter retail forex.

The Chicago Mercantile Exchange (CME for short) first introduced currency futures contracts back in 1972. These "full-size" contracts were traded using the venerable open outcry method, which involved traders gesticulating and shouting at each other across a trading pit.

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