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FXCM bought 50% of institutional FX market maker Lucid in 2012 for $176 million, paid mainly in FXCM stock.

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FXCM bought 50% of institutional FX market maker Lucid in 2012 for $176 million, paid mainly in FXCM stock.

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FXCM already has a strong balance sheet with over $400 million in cash.

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However FXCM did not say whether or not any sort of investment in or acquisition of Infinium was imminent.

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Institutional FX market maker Lucid bought at below average multiples.

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