Insurance Brokers M&A » By The Online Investor Staff, updated Sun., Apr. 28, 5:21 PM
Recent mergers and acquisitions in the Insurance Brokers M&A category.
Slide #61. FXCM — Infinium Note
Acquirer: |
FXCM (FXCM) |
Acquiree: |
Infinium Note |
Details: |
FXCM Inc. (NYSE:FXCM), a leading online provider of foreign exchange , or FX, trading and related services worldwide, today announced that the company and certain principals of its subsidiary Lucid Markets Trading Limited ("Lucid"), have purchased a $12 million note issued by Infinium Capital Holdings LLC ("Infinium") maturing August 2015 from Infinium investors. Infinium is an electronic market maker in commodities and foreign exchange trading. Lucid is an electronic market maker in the institutional foreign exchange spot and futures markets. FXCM owns 50.1% of Lucid. |
FXCM is a holding company. Through its membership interest in FXCM Holding, LLC, Co. is an online provider of foreign exchange (FX) trading and related services to retail and institutional customers. Co.'s primary offering to retail customers is an agency execution or an agency model. Under the agency model, when a customer executes a trade on the price quotation provided by the FX market maker, Co. acts as a credit intermediary, or a riskless principal, simultaneously entering into a trade with the customer and the FX market maker. Co. also provides its customers the ability to trade contract for differences and spread betting through U.K. subsidiaries.
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April 28, 2024 5:21 PM Eastern
Strong Sell (0.00 out of 4)
100th percentile
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