Tag: INTL FCStone

StoneX
December 10, 2020 BY Steffy Bogdanova

StoneX Group reports $82 million “bargain purchase” benefit from Gain Capital acquisition

StoneX finalized the acquisition of Gain Capital Holdings, Inc in the end of July 2020 for $6.00 per share in all-cash transaction, amounting to approximately $236 million in equity value. StoneX reported a total operating revenue for the quarter of $342.1 million, up by 30% YoY. The net income for the quarter of jumped 185% to $77.4 million. The FX…

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Acquisition
October 06, 2020 BY Steffy Bogdanova

StoneX completes acquisition of GIROXX GmbH in Germany

With the acquisition now finalized, StoneX’s Global Payments Division can extend its business to small-to-medium sized corporations in addition to serving a customer base of NGOs, financial institutions and corporates. These services allow SMEs to remain competitive by enabling efficient liquidity planning and ability to scale their business globally by processing international payments quickly and…

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Acquisition
June 08, 2020 BY Steffy Bogdanova

Gain Capital stockholders approve acquisition by INTL FCStone

Nearly 83.2% of Gain’s shares issued and outstanding as of 23 April 2020, end of business, were present at the stockholder meeting. Close to 71.2% of GAIN’s shares issued and outstanding voted in favor of adopting the Merger Agreement, making up 85.7% of the votes cast. Gain Capital expects the merger to be completed during…

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StoneX Group announces stock ticker symbol change to SNEX
May 15, 2020 BY Steffy Bogdanova

INTL FCStone rebranding to StoneX Group awaits shareholder vote

The rebranding will cover all of INTL FCStone’s regulatory profiles around the world and will not require any significant action by clients and partners. The company says it will preserve the “significant brand equity” as “Stone” representing the oldest part of the company’s franchise and the “X” is for exchange, digitization and innovation. INTL FCStone…

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FlexTrade adds Paul Beatty to team
May 05, 2020 BY Steffy Bogdanova

Annabelle Bexiga joins INTL FCStone’s board of directors

Currently, Bexiga has a seat on the supervisory board of DWS Group GmbH of Frankfurt, Germany and serves on the remuneration committee there. She has previously served on the boards of Selective Insurance Group and Nuveen Investments. Sean O’Connor, CEO of INTL FCStone, commented: Annabelle brings to the Board deep expertise and experience in technology…

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INTL FCStone’s Carsten Hils discusses the impact the current crisis has on FX markets
March 27, 2020 BY Valentina Kirilova

INTL FCStone’s Carsten Hils discusses the impact the current crisis has on FX markets

LR: Hi Carsten, can you let us know more about INTL FCStone’s Global Payments Network and why it is important to those in the FX sector? Carsten: The Global Payments Network (GPN) is a comprehensive intelligence portal that leverages INTL FCStone’s Global Payments Division’s relationships with global correspondent banks, regulators and other market participants around…

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March 17, 2020 BY Steffy Bogdanova

INTL FCStone joins Bloomberg’s trading platform FXGO

INTL FCStone Inc announced today that its London-based subsidiary, INTL FCStone Ltd’s Foreign Exchange desk has joined Bloomberg’s electronic trading platform, FXGO, as a liquidity provider. The affiliation allows INTL FCStone Ltd to offer market participants added efficiencies for FX trading. Bloomberg’s FXGO enables service providers to contribute executable pricing across a wide arsenal of…

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