INTL FCStone Financial Ranked Top OTC Market Maker for 3rd Consecutive Year

by Finance Magnates Staff
  • The company’s total ADR value traded improved by 18% to reach $25 billion.
INTL FCStone Financial Ranked Top OTC Market Maker for 3rd Consecutive Year
INTL FCStone Logo

According to data from FINRA's Over-the-Counter Reporting Facility (ORF) and Bloomberg RANK, the Broker-Dealer Division of INTL FCStone Inc.’s subsidiary, INTL FCStone Financial Inc. received the top ranking for an OTC Market Maker for 2017. This marks the third consecutive year in which the company has received the top spot on the rankings. The unit also ranked first by dollar value traded for approximately 2,600 securities.

INTL FCStone Financial serves institutional client, by providing them with access to blue chip international securities and ADRs. During 2017 alone, the company was attributed a combined $29 billion in OTC trading, which accounted for 15% of all OTC value reported. Meanwhile, the company’s total ADR value traded improved by 18% to reach $25 billion, surpassing the increase incurred across the entire market which reached 12%.

Throughout 2017, INTL FCStone Financial was responsible for providing Liquidity to the market at an approximate ratio of 4:1, further illustrating its market dominance. Moreover, the OTC market was further strengthened by INTL FCStone Financial’s activity. According to OTC Markets Group Inc, the company induced 67% of all new ADRs to the OTC marketplace.

Over the past 10 years, the company has directly contributed to 40% of all new ADRs brought to the OTC market. INTL FCStone Financial does offer a wide array of securities, estimated at approximately 2600. During 2017, the company added to their already vast securities offerings, including UniCredit SpA, ABN AMRO Group NV and Fuji Media Holdings Inc.

Commenting on the company’s achievements was Doug Ross, Head of Principal Equities at INTL FCStone Financial Inc, who said: “Providing intraday liquidity for international equities lies at the core of our business, and as such we once again added a substantial percentage of new foreign securities and ADRs to the OTC Marketplace in 2017.

This directly serves the needs of our client base, while simultaneously promoting competition, price clarity and compliance with U.S. financial market regulations. We look forward to continuing these initiatives in 2018 as we continue to open international markets.”

According to data from FINRA's Over-the-Counter Reporting Facility (ORF) and Bloomberg RANK, the Broker-Dealer Division of INTL FCStone Inc.’s subsidiary, INTL FCStone Financial Inc. received the top ranking for an OTC Market Maker for 2017. This marks the third consecutive year in which the company has received the top spot on the rankings. The unit also ranked first by dollar value traded for approximately 2,600 securities.

INTL FCStone Financial serves institutional client, by providing them with access to blue chip international securities and ADRs. During 2017 alone, the company was attributed a combined $29 billion in OTC trading, which accounted for 15% of all OTC value reported. Meanwhile, the company’s total ADR value traded improved by 18% to reach $25 billion, surpassing the increase incurred across the entire market which reached 12%.

Throughout 2017, INTL FCStone Financial was responsible for providing Liquidity to the market at an approximate ratio of 4:1, further illustrating its market dominance. Moreover, the OTC market was further strengthened by INTL FCStone Financial’s activity. According to OTC Markets Group Inc, the company induced 67% of all new ADRs to the OTC marketplace.

Over the past 10 years, the company has directly contributed to 40% of all new ADRs brought to the OTC market. INTL FCStone Financial does offer a wide array of securities, estimated at approximately 2600. During 2017, the company added to their already vast securities offerings, including UniCredit SpA, ABN AMRO Group NV and Fuji Media Holdings Inc.

Commenting on the company’s achievements was Doug Ross, Head of Principal Equities at INTL FCStone Financial Inc, who said: “Providing intraday liquidity for international equities lies at the core of our business, and as such we once again added a substantial percentage of new foreign securities and ADRs to the OTC Marketplace in 2017.

This directly serves the needs of our client base, while simultaneously promoting competition, price clarity and compliance with U.S. financial market regulations. We look forward to continuing these initiatives in 2018 as we continue to open international markets.”

About the Author: Finance Magnates Staff
Finance Magnates Staff
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About the Author: Finance Magnates Staff
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