FXCM Inc. is an online provider of foreign exchange (FX) trading and related services. The Company offers access to over-the-counter (OTC) FX markets through its technology platform. In its agency model, when the Company's customer executes a trade on the price quotation offered by its FX market makers, the Company acts as a credit intermediary simultaneously entering into offsetting trades with both the customer and the FX market maker. The Company's retail trading segment consists of providing FX trading and related services to retail customers, while the institutional trading segment offers FX trading services to banks, hedge funds and other institutional customers on an agency model basis. The Company owns approximately 50.1% controlling interest in each of Lucid Markets Trading Limited, an electronic market-maker and trader in the institutional foreign exchange spot and futures market, and V3 Markets, an electronic market-maker and trader of products.