INTL FCStone Merges is US Subsidiaries into INTL FCStone Financial Inc
- INTL FCStone has seen a number of its US businesses aggregate into one cohesive entity, tapped INTL FCStone Financial Inc.
INTL FCStone Inc. (Nasdaq:INTL) has announced a Merger Merger A merger is defined as the absorption of the interest of another. It can include an estate, or contract. There are no specific rules or formats for a union in general. It is a method of combining two or more organizations, business concerns, or other related interests. The terms of a merger are usually by agreement of the parties involved. In the financial sphere, merger refers to an agreement between two or more companies or corporations, public and private, to merge into one entity. Mergers d A merger is defined as the absorption of the interest of another. It can include an estate, or contract. There are no specific rules or formats for a union in general. It is a method of combining two or more organizations, business concerns, or other related interests. The terms of a merger are usually by agreement of the parties involved. In the financial sphere, merger refers to an agreement between two or more companies or corporations, public and private, to merge into one entity. Mergers d Read this Term of three of its regulated subsidiaries in the US into a consolidated INTL FCStone Securities Inc., according to an INTL FCStone statement.
The newly combined entity will be known as INTL FCStone Financial Inc. having registered itself as both a broker-dealer and a futures commission merchant (FCM). The abolishment of a stratified list of subsidiaries represents a consolidation of its INTL FCStone’s global business.
Presently, this includes a deep client base across the US, Canada, Latin America, Europe and Asia in such venues as commodities exchanges, networks, and institutional dealers. Overall the move can be chalked up to an efficiency measure with the hope of helping streamline operations and growth.
According to Sean O'Connor, CEO of INTL FCStone Inc., in a recent statement on the consolidation, "The merger will establish a larger and more efficient capital base, and will allow us to offer all of our clients a broader scope of products in a more streamlined manner. This move will benefit both our growing base of clients as well as drive capital and operational efficiencies for our shareholders."
Back in late April, INTL FCStone Markets, LLC, a subsidiary of INTL FCStone Inc. launched a new capability for trading Over the Counter (OTC) foreign exchange (FX) products to select users of CQG.
INTL FCStone Inc specializes in financial services across such asset classes as commodities, securities, global Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term, FX and other markets. The group sees a majority of its business from its suite of financial products and advisory services to a global clientele.
INTL FCStone Inc. (Nasdaq:INTL) has announced a Merger Merger A merger is defined as the absorption of the interest of another. It can include an estate, or contract. There are no specific rules or formats for a union in general. It is a method of combining two or more organizations, business concerns, or other related interests. The terms of a merger are usually by agreement of the parties involved. In the financial sphere, merger refers to an agreement between two or more companies or corporations, public and private, to merge into one entity. Mergers d A merger is defined as the absorption of the interest of another. It can include an estate, or contract. There are no specific rules or formats for a union in general. It is a method of combining two or more organizations, business concerns, or other related interests. The terms of a merger are usually by agreement of the parties involved. In the financial sphere, merger refers to an agreement between two or more companies or corporations, public and private, to merge into one entity. Mergers d Read this Term of three of its regulated subsidiaries in the US into a consolidated INTL FCStone Securities Inc., according to an INTL FCStone statement.
The newly combined entity will be known as INTL FCStone Financial Inc. having registered itself as both a broker-dealer and a futures commission merchant (FCM). The abolishment of a stratified list of subsidiaries represents a consolidation of its INTL FCStone’s global business.
Presently, this includes a deep client base across the US, Canada, Latin America, Europe and Asia in such venues as commodities exchanges, networks, and institutional dealers. Overall the move can be chalked up to an efficiency measure with the hope of helping streamline operations and growth.
According to Sean O'Connor, CEO of INTL FCStone Inc., in a recent statement on the consolidation, "The merger will establish a larger and more efficient capital base, and will allow us to offer all of our clients a broader scope of products in a more streamlined manner. This move will benefit both our growing base of clients as well as drive capital and operational efficiencies for our shareholders."
Back in late April, INTL FCStone Markets, LLC, a subsidiary of INTL FCStone Inc. launched a new capability for trading Over the Counter (OTC) foreign exchange (FX) products to select users of CQG.
INTL FCStone Inc specializes in financial services across such asset classes as commodities, securities, global Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term, FX and other markets. The group sees a majority of its business from its suite of financial products and advisory services to a global clientele.