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 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.

Join the iFX EXPO Asia and discover your gateway to the Asian Markets

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.

Suggested articles

GIBX Swap: Sky is the Limit for the Best Decentralized Exchange PlatformGo to article >>

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, 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.

Got a news tip? Let Us Know