FXCM continues its shopping spree. The US based broker recently bought Faros Trading and it now announces a new deal, with Infinium: a market maker in forex and commodities. FXCM bought a $12 million note issued by Infinium. The note matures in August 2015.
The deal was also done through Lucid. FXCM owns 50.1% of Lucid. Here is the official press release:
NEW YORK–(BUSINESS WIRE)– 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.
No further details of the transaction are being released at this time.