INTL FCStone Reports Record Growth in Q4 of Fiscal 2019

Revenues increased by 86 per cent year-on-year.

INTL FCStone has published its financial results for the fourth quarter of its fiscal year ended on the 30th of September this Thursday, bringing the brokerage’s best annual result in the company’s history.

For the three-month period, INTL FCStone recorded a total revenue of $11.3 billion. When measuring this against the same period of the previous year, revenues have increased by 86 percent – up from $6.1 billion.

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In the fourth quarter of the broker’s 2019 fiscal year, operating revenues also increased on a year-on-comparison. Specifically, it grew by 18 percent, up from $243.2 million in Q4 of 2018 up to $286.9 million.

FX prime brokerage volumes surge YoY

Taking a look at volumes, the financial services firm also performed well during the quarter. For the company’s FX Prime Brokerage, the total notional volume was $98.8 billion. This represents an uptick of 39 percent against the previous year.

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The number of over the counter (OTC) contracts traded during the final quarter of the 2019 fiscal year also increased year-on-year. During the period, a total of 461,200 contracts were traded, which represents a growth of 11 percent.

Commenting on the results, Sean M. O’Connor, CEO of INTL FCStone Inc., said: “This was the best annual result in our history, with all of our businesses expanding their client footprint and increasing segment income.

“Our ROE was 15.5%, which we believe to be a best in class result and empirical validation of our strategy. During fiscal 2019, organic growth was coupled with a number of targeted acquisitions which increased our product offering and capabilities while expanding our client footprint.”

“We believe our financial platform connects our more than 20,000 commercial and institutional clients and over 80,0000 retail accounts to more global markets and liquidity sources, across asset classes, than any of our competitors. We are increasingly digitizing our platform to drive client engagement and better leverage our global infrastructure, which we believe should drive the growth of our franchise.”

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