INTL FCStone Inc. (NASDAQ: INTL) has just announced that its London-based subsidiary, INTL FCStone Ltd., executed a sale and purchase agreement to acquire GIROXX GmbH in Frankfurt, Germany. Closing is conditional upon the approval of the German regulator BaFin. Through its digital platform, GIROXX GmbH provides online payment and foreign exchange hedging services to small…
Read more
INTL FCStone Inc. (NASDAQ: INTL) has today announced that it has acquired IFCM Commodities, GmbH out of Hamburg, Germany. The deal was closed last week, on January 2. IFCM Commodities specializes in providing commodity price risk management solutions for base metals serving clients across Germany and continental Europe. The company has been working closely with…
Read more
Brokerage and financial services firm INTL FCStone Inc. has just announced its financial results for the fiscal year 2019 second quarter ended March 31, 2019. Highlights include: Record Operating Revenues of $271.1 million, up 4% Net Income of $23.4 million EPS of 1.21 per share, ROE of 17.4% Sean M. O’Connor, CEO of INTL FCStone…
Read more
INTL FCStone Inc. (NASDAQ: INTL) today announced that its London-based subsidiary, INTL FCStone Ltd's Global Payments Division (GPD) has joined the SWIFT global payments innovation (gpi) initiative. SWIFT gpi is a partnership of more than 110 global banks, which bring together their expertise in an effort to solve those issues currently impacting global payments, and…
Read more
INTL FCStone Inc. (NASDAQ: INTL) today announced that its London-based subsidiary, INTL FCStone Ltd's Global Payments Division (GPD) unveiled its proprietary cross-border payments intelligence portal - the Global Payments Network (GPN). The comprehensive intelligence portal leverages GPD's relationships with global correspondent banks, regulators and other market participants in the developing world, to provide clients with…
Read more
INTL FCStone Inc. (NASDAQ:INTL) today announced that its London-based subsidiary, INTL FCStone Ltd's Precious Metals division is now a Direct Participant to the London Bullion Market Association (LBMA) Gold Auction, having been approved to participate in the process earlier this month. ICE Benchmark Administration (IBA) introduced central clearing to the twice-daily London gold auction, removing…
Read more
INTL FCStone Inc. (NASDAQ:INTL) just announced that its London-based subsidiary, INTL FCStone Ltd, Precious Metals' division is delivering unprecedented global market access to gold trading around the world with the launch of their premium-based, physical trading platform, PMXecute+. PMXecute+ allows customers access to INTL's entire global inventory and network of trusted supply partners. Customers who do…
Read more
INTL FCStone Inc. (NASDAQ: INTL) just announced that the Broker-Dealer Rates Group of its wholly owned subsidiary, INTL FCStone Financial Inc., has entered the U.S. agency commercial mortgage-backed (Agency CMBS) market. The Company also disclosed today that it has expanded its asset-back securities (ABS) trading to all investment grade categories. The launch of the Agency…
Read more
INTL FCStone Inc. (NASDAQ: INTL) announced that the Broker-Dealer Rates Group of its wholly owned subsidiary, INTL FCStone Financial Inc., has formed a Securitized Products Group in order to enhance its Mortgage- and Asset-Backed Securities operations. The Securitized Products Group supports INTL FCStone Financial's dedication to providing dealer and market maker services to buy-side clients.…
Read more
Commodities and Forex broker INTL FCStone Inc. (NASDAQ:INTL) just announced its financial results for the fiscal year 2017 first quarter ended December 31, 2016. Interest Income/Expense: Overall interest income increased $1.7 million to $10.4 million in the first quarter, primarily due to $1.3 million in incremental interest revenue from our acquired correspondent securities clearing and independent…
Read more