INTL FCStone Inc. (NASDAQ:INTL) has just announced that it has received regulatory approval and completed the acquisition of US-based broker-dealer, GMP Securities LLC.
The company, previously known as Miller Tabak Roberts Securities, LLC, is an independent, SEC-registered Broker-Dealer and FINRA member and its US-based parent company from GMP International Holdings Corp., a wholly-owned indirect subsidiary of GMP Capital Inc.
GMP Securities is headquartered in Toronto, Canada, and is providing investment banking, institutional sales and trading and research services to corporate clients and institutional investors.
INTL FCStone Inc. has recently announced that its wholly owned subsidiary, INTL FCStone DTVM Ltd is now fully operational as a broker-dealer in Brazil and has begun onboarding accounts in that country. As a registered broker-dealer, the Company will further its commitment to the Brazilian marketplace while expanding its global trading operations.