FXCM Inc. (FXCM) is an online provider of foreign exchange (FX) trading and related services to approximately 170,930 active retail customers globally. The Company offers its customers access to over-the-counter (OTC) FX markets through its technology platform. It primarily offers customers an agency model to execute their trades. In the agency model, when its customer executes a trade on the price quotation offered by its FX market makers, it acts as a credit intermediary, or riskless principal, simultaneously entering into offsetting trades with both the customer and the FX market maker. It operates its business through two segments: retail trading and institutional trading. Its institutional trading segment, FXCM Pro, offers FX trading services to banks, hedge funds and other institutional customers on an agency model basis. On June 18, 2012, the Company acquired a 50.1% interest in Lucid Markets Trading Limited and Lucid Markets LLP.