INTL FCStone Financial Confirmed Top-Ranked OTC Market Maker for Second Consecutive Year
- The company has cemented its position as the leading OTC market maker in 2016 responsible for trades totalling $26.6 billion.
INTL FCStone has disclosed that the broker-dealer division of its wholly owned subsidiary, INTL FCStone Financial, ranked as the number one market maker in 2016 for international securities traded over-the-counter. The company achieved a further number one ranking by dollar value for around 2,500 securities.
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YoY Increase in OTC Trades
INTL FCStone Financial is a full-service market maker that provides institutional clients with access to blue chip international securities and ADRs through best-in-class Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term services, proprietary technology, and solid expertise, leveraging its strong capital base to provide block-sized Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term both during and after local market hours.
In 2016, INTL FCStone Financial was responsible for OTC trades totalling approximately $26.6 billion, representing 18 percent of all OTC value reported. This represents an increase of 27 percent YoY compared with 2015, when the company also held the number 1 ranking.
The company saw ADR value traded increase by 29 percent as the total ADR market contracted 5 percent and provided liquidity to the market at an approximate 3:1 ratio during 2016.
Jacob Rappaport, Managing Director and Head of Equity Capital Markets at INTL FCStone Financial, commented: "We are very proud of our team for being the top-ranked OTC market maker for the second consecutive year. I believe this to be indicative of the quality of our service, expertise and integral liquidity that we provide to the market. We remain committed to our clients, and helping them grow via our best-in-class execution solutions."
Foreign Securities
INTL FCStone Financial also bolstered the market by adding 15 percent of new foreign securities and 62 percent of new ADRs to the OTC Marketplace. The company has been responsible for over 50 percent of new foreign securities and ADRs added to the OTC Marketplace since 2011.
Rappaport concluded: "We once again added a large number of foreign securities and ADRs to the OTC Marketplace in 2016 in response to our client's needs for more intraday liquidity in international equities. Additionally, bringing these securities to a regulated venue enhances competition, price clarity and compliance initiatives. We look forward to ongoing growth in 2017 and to furthering our mission to make international markets more accessible."
INTL FCStone has disclosed that the broker-dealer division of its wholly owned subsidiary, INTL FCStone Financial, ranked as the number one market maker in 2016 for international securities traded over-the-counter. The company achieved a further number one ranking by dollar value for around 2,500 securities.
To unlock the Asian market, register now to the iFX EXPO in Hong Kong
YoY Increase in OTC Trades
INTL FCStone Financial is a full-service market maker that provides institutional clients with access to blue chip international securities and ADRs through best-in-class Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term services, proprietary technology, and solid expertise, leveraging its strong capital base to provide block-sized Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term both during and after local market hours.
In 2016, INTL FCStone Financial was responsible for OTC trades totalling approximately $26.6 billion, representing 18 percent of all OTC value reported. This represents an increase of 27 percent YoY compared with 2015, when the company also held the number 1 ranking.
The company saw ADR value traded increase by 29 percent as the total ADR market contracted 5 percent and provided liquidity to the market at an approximate 3:1 ratio during 2016.
Jacob Rappaport, Managing Director and Head of Equity Capital Markets at INTL FCStone Financial, commented: "We are very proud of our team for being the top-ranked OTC market maker for the second consecutive year. I believe this to be indicative of the quality of our service, expertise and integral liquidity that we provide to the market. We remain committed to our clients, and helping them grow via our best-in-class execution solutions."
Foreign Securities
INTL FCStone Financial also bolstered the market by adding 15 percent of new foreign securities and 62 percent of new ADRs to the OTC Marketplace. The company has been responsible for over 50 percent of new foreign securities and ADRs added to the OTC Marketplace since 2011.
Rappaport concluded: "We once again added a large number of foreign securities and ADRs to the OTC Marketplace in 2016 in response to our client's needs for more intraday liquidity in international equities. Additionally, bringing these securities to a regulated venue enhances competition, price clarity and compliance initiatives. We look forward to ongoing growth in 2017 and to furthering our mission to make international markets more accessible."