FXCM to Acquire Lucid Markets
FXCM Inc. (NYSE: FXCM), a leading online provider of foreign exchange, or FX, trading and related services worldwide, today announced that it has entered into a definitive agreement to acquire a 50% controlling interest in Lucid Markets Trading Ltd. and Lucid Markets LLP (“Lucid Markets”) for approximately $176 million, net of Lucid cash. The transaction is expected to close in the coming weeks and is subject to customary closing conditions.