The firm achieved record operating revenues for all of its business segments in its 2018 fiscal year.
INTL FCStone, a global provider of financial services, announced its financial results on Monday for the fourth quarter ended September 30, 2018, of its 2018 fiscal year. Taking a look at the results, the firm had a sluggish fourth quarter, but overall, a solid 2018 fiscal year.
Specifically, when taking a look at the company’s whole fiscal year, INTL FCStone managed to achieve record annual operating revenues for all of its business segments, with the annual operating revenue for 2018 coming in at $975.8 million, which is an increase of 24 percent.
For the fourth quarter, however, the results weren’t so peachy, with total revenues at $6.1 billion. When measured against the three months ended September 30, 2017, which had total revenues of $12.4 billion, this is down by 51 percent.
Commenting on the results, Sean O’Connor, the CEO of INTL FCStone Inc., said: “Fiscal 2018, was a record year for us with operating revenues approaching $1.0 billion, up 24% and pre-tax income exceeding $100 million for the first time. Every segment of our business achieved record annual operating revenues.
“We were able to realize operating Leverage by holding our fixed expense growth to 6% while significantly growing both volumes and operating revenues. This strong growth was indicative both of more favorable market conditions as well as market share gains across our platforms.”
INTL FCStone sees drop in FX Prime Brokerage revenues
INTL FCStone operates, what it believes to be one of the largest non-bank prime brokers and swap dealers in the world. Through this business, the firm provides prime brokerage foreign exchange (Forex) to institutions and professional traders.
During the fourth quarter, operating revenues dropped by 23 percent year-on-year due to a decline in volumes. In Q4, the trading volume for the FX prime brokerage was $70.9 billion. When comparing this to the same period in the previous year, which recorded a volume of $133.8 billion, this is down by 47 percent.
When taking a look at the 2018 fiscal year, unfortunately, the grass doesn’t look much greener, with total volumes falling by 35 percent from $620.9 billion in 2017 to $401.1 billion in 2018.
Taking a look at the company’s securities business unit, where INTL FCStone acts as an institutional dealer for fixed income securities, the segment does provide some hope. During the fourth quarter, operating revenues jumped by 31 percent to reach $47.8 million, compared to $36.4 million in the previous year.
INTL FCStone, a global provider of financial services, announced its financial results on Monday for the fourth quarter ended September 30, 2018, of its 2018 fiscal year. Taking a look at the results, the firm had a sluggish fourth quarter, but overall, a solid 2018 fiscal year.
Specifically, when taking a look at the company’s whole fiscal year, INTL FCStone managed to achieve record annual operating revenues for all of its business segments, with the annual operating revenue for 2018 coming in at $975.8 million, which is an increase of 24 percent.
For the fourth quarter, however, the results weren’t so peachy, with total revenues at $6.1 billion. When measured against the three months ended September 30, 2017, which had total revenues of $12.4 billion, this is down by 51 percent.
Commenting on the results, Sean O’Connor, the CEO of INTL FCStone Inc., said: “Fiscal 2018, was a record year for us with operating revenues approaching $1.0 billion, up 24% and pre-tax income exceeding $100 million for the first time. Every segment of our business achieved record annual operating revenues.
“We were able to realize operating Leverage by holding our fixed expense growth to 6% while significantly growing both volumes and operating revenues. This strong growth was indicative both of more favorable market conditions as well as market share gains across our platforms.”
INTL FCStone sees drop in FX Prime Brokerage revenues
INTL FCStone operates, what it believes to be one of the largest non-bank prime brokers and swap dealers in the world. Through this business, the firm provides prime brokerage foreign exchange (Forex) to institutions and professional traders.
During the fourth quarter, operating revenues dropped by 23 percent year-on-year due to a decline in volumes. In Q4, the trading volume for the FX prime brokerage was $70.9 billion. When comparing this to the same period in the previous year, which recorded a volume of $133.8 billion, this is down by 47 percent.
When taking a look at the 2018 fiscal year, unfortunately, the grass doesn’t look much greener, with total volumes falling by 35 percent from $620.9 billion in 2017 to $401.1 billion in 2018.
Taking a look at the company’s securities business unit, where INTL FCStone acts as an institutional dealer for fixed income securities, the segment does provide some hope. During the fourth quarter, operating revenues jumped by 31 percent to reach $47.8 million, compared to $36.4 million in the previous year.
FX Volatility Impacts Q1 Revenue of Compagnie Financière Tradition
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
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Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
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The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
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