Finance Feeds logo

Lucid Markets Trading changes registered office address

Maria Nikolova

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.

Subscribe

Read this next

Retail FX

Italy blocks domains of Vantage, Luno Invest and Crypto Trade

Consob, the Italian securities regulator, has dropped the hammer on yet another number of FX websites it says were illegally promoting trading products in the country. It has contacted Italy’s internet service providers (ISPs), requesting that they block access to all of the sites in question.

Digital Assets

Celsius users consider legal challenge to reorganization plan

A group of creditors from the bankrupt crypto lender Celsius is looking into legal options to challenge the company’s reorganization plan, which they claim unfairly favors certain creditors.

Digital Assets

e-CNY mastermind Yao Qian arrested in corruption probe

The mastermind behind China’s central bank digital currency (CBDC) project is reportedly under scrutiny for suspected “violations of discipline and law,” according to Shanghai Securities News.

e-CNY mastermind Yao Qian arrested in corruption probe
Fundamental Analysis, Market News, Tech and Fundamental

Global FX Market Summary: USD Strength, US PCE, Eurozone April 26 ,2024

US inflation data came in hotter than expected, pressuring the Federal Reserve to potentially raise interest rates and causing the US Dollar to rise against the Euro as the Eurozone faces economic uncertainties.

blockdag

BlockDAG Presale Tops $20.7M! Here’s How to Buy BDAG Coins with USDT and Ethereum for Explosive Gains of 30,000x

Early investors are looking at potentially significant returns in its tenth batch at $0.006 per coin.

Buy BDAG Coins and Miners 640
Retail FX

Exclusive: Prop firm Funded Engineer faces lawsuit from FPFX

Retail trading tech provider FPFX Technologies, LLC (FPFX Tech), has filed a lawsuit against the prop firm Funded Engineer and its associated operatives for alleged breaches of contract.

Market News, Tech and Fundamental, Technical Analysis

USDJPY Technical Analysis Report 26 April, 2024

USDJPY currency pair can be expected to rise further toward the next resistance level 160.00, target price for the completion of the active impulse sequence (C).

Education, Market News

Whether you’re curious about starting technical analysis or an experienced trader looking to refine your strategy, this guide will equip you with the knowledge you need to master technical analysis.

The importance of technical analysis in investing cannot be overstated; it is a cornerstone of stock research.

Man sitting and staring into monitors
Digital Assets

US crypto miner and founders hit with $5.6 million fraud charges

The U.S. Securities and Exchange Commission (SEC) has filed charges against Texas-based cryptocurrency mining and hosting company Geosyn, and its co-founders Caleb Ward and Jeremy McNutt.

<
✖