Deals
FXCM Aims for FastMatch, Lucid Stake Sale to Repay Loan
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FXCM Inc., the currency brokerage nearly ruined in January by the Swiss franc’s surge, is seeking to sell its stakes in three trading businesses as it grapples with repaying an emergency loan.
The company started the process of selling the positions in FastMatch, Lucid and V3 Markets, FXCM Chief Executive Officer Drew Niv said during a conference call with analysts on Thursday. Niv said it has received “many unsolicited indications of serious interest” for Lucid, a market-making firm, and FastMatch, a currency trading platform. V3 is a high-frequency trader.