FXCM Announces Issuance Of $12M Note To Infinium – Is Takeover On The Cards?

FXCM has today announced that it has issued high frequency trading firm Infinium Capital Holdings with a $12 million note

FXCM has today confirmed industry speculation that it was interested in Infinium Capital Holdings by purchasing a $12 million note issued by the Chicago-based asset management and high frequency trading firm.

A significant acceleration of acquisitions and mergers has been noticeable over the last few weeks, with North American companies seeking to diversify their offerings, an example being FXCM’s recent acquisition of a controlling stake in Faros Trading LLC.

Join the iFX EXPO Asia and discover your gateway to the Asian Markets

Acquisition or Capitalization?

Suggested articles

How Will Zero-Fee Investment Platforms Impact Traditional Stock Brokers?Go to article >>

Last month, Forex Magnates detailed the potential interest demonstrated by FXCM in purchasing Infinium Capital Holdings, insofar as the method expected to take place being similar to that conducted upon FXCM’s acquisition of its controlling 50.1% stake in institutional FX market maker Lucid Markets.

FXCM_120x60

Infinium Capital Holdings executives have in the past been reported to have been seeking additional liquidity due to regulatory changes taking place in high-frequency trading, and under this circumstance, FXCM has executed the deal in the form of the extension of a note to Infinium Capital Holdings of $12 million.  The note matures in August 2015.

Payment and yield information of the note was undisclosed by the parties at this point. Forex Magnates speculates, that an equity ownership conversion rate may also be included in the agreement.

Got a news tip? Let Us Know