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FXCM UK changes registered office address

Two of the UK businesses of the FXCM “family” on Thursday reported changes to their whereabouts. Effective November 9, 2017, the registered office address of Forex Capital Markets Limited, also known as FXCM UK, and of FXCM UK Merger Limited, whose main asset is its investment in Lucid Markets Trading Limited, is changed.

The companies announce that they change their registered office address from Northern and Shell Building 10 Lower Thames Street 8th Floor London EC3R 6AD to Fourth Floor 20 Gresham Street London EC2V 7JE.

The information has been confirmed by the Financial Conduct Authority Register and the UK Companies House Service.

Source: FCA register.

FinanceFeeds’ research shows the new address hosts companies like Koch Supply & Trading, Koch Metals Trading, Koch Energy Europe, Koch Commodities Europe Limited.

The reasons for the move have not been mentioned but it is apparent that it happens amid a wider reshuffle of FXCM’s business. Let’s note that Lucid Markets, a UK-registered electronic market maker and trader in the institutional FX spot and futures markets, has been actively marketed for sale although no name of a possible buyer has been officially announced.

Many of the changes affecting FXCM’s business in the UK are prompted by the efforts of the company to repay its loan to Leucadia by putting up for sale non-core businesses like Lucid. Other changes are prompted by the February regulatory settlements in the United States, which saw the broker exit the US retail FX market.

Forex Capital Markets Limited terminated Drew Niv’s director appointment on February 9, 2017. About two weeks after that – on February 21, 2017, Mr. Niv left his roles as a member and Chairman of the Board of Directors of FXCM Inc. and as the Chief Executive Officer of FXCM Inc., effective upon the appointment of his successor. Soon after that, FXCM Inc changed its name to Global Brokerage Inc (NASDAQ:GLBR). Mr Niv relinquished his Director role at Lucid Markets Trading, with effect as of March 10, 2017.

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