Lucid Markets Trading changes registered office address - FinanceFeeds

Lucid Markets Trading changes registered office address

The company, actively marketed for sale by FXCM, has a new office address at 12th Floor 30 Crown Place London EC2A 4EB.

The whirlpool of address changes of FXCM’s businesses in the UK continues, with the latest company to announce its new whereabouts being Lucid Markets Trading Limited.

As per filings with the UK Companies House service, the registered office address of Lucid Markets Trading Limited changed from 35 Ballards Lane London N3 1XW to 12th Floor 30 Crown Place London EC2A 4EB. The change is effective February 15, 2018.

FinanceFeeds’ research shows more than 60 companies have offices in the same building, with at least three companies: Kite Consulting Group Limited, Know Who Limited, and Indigo FX Limited, registered to operate on the same (12th) floor.

The change happens about three months after two of the UK businesses of the FXCM “family” on reported changes of 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, was changed from Northern and Shell Building 10 Lower Thames Street 8th Floor London EC3R 6AD to Fourth Floor 20 Gresham Street London EC2V 7JE.

Let’s recall that Lucid Markets has been actively marketed for sale although no name of a possible buyer has been officially announced. The principal activity of Lucid Markets Trading Limited is that of a holding company of Lucid Markets LLP, which is a UK-registered electronic market maker and trader in the institutional FX spot and futures markets. Lucid Markets Trading Limited is a member of the FXCM Group of companies.

Many of the changes affecting FXCM’s business in the UK are driven 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. Drew Niv abandoned his Director role at Lucid Markets Trading, with effect as of March 10, 2017.

The last financial report we have about Lucid Markets Trading is for the year to December 31, 2016. It shows a $74.4 million annual loss.

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