FXCM bought 50% of institutional FX market maker Lucid in 2012 for $176 million, paid mainly in FXCM stock. Cash might be king, but shares aren't bad either, especially if they go up.... LeapRate has learned, via a series of filings made with the U.S. Securities and Exchange Commission (SEC), that Lucid Markets principal Fred…
Read moreOverall, FXCM retail volumes were up 14% and institutional volumes 72% (!!) in 2013. Leading retail forex broker FXCM closed the books on a very strong 2013 with (not unexpectedly) weaker December volumes metrics. Seasonally slow December came in at $272 billion retail volumes (down 12% from November) and $146 billion institutional volumes (down 24%).…
Read moreFXCM already has a strong balance sheet with over $400 million in cash. Leading forex broker FXCM (NYSE:FXCM) announced today that it has extended its $155 million credit facility by $50 million to $205 million -- and under certain circumstances it can be further extended to $250 million. The maturity of the facility was extended…
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