INTL FCStone to Acquire Brokerage Business of Tellimer Group

INTL FCStone continues its streak of acquisitions, by announcing this Monday that it has executed a definitive sale and purchase agreement to acquire the brokerage businesses of Tellimer Group.

According to the company’s statement, the Acquisition Acquisition Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Read this Term will see the financial firm purchase Exotix Partners LLP, Tellimer Capital Ltd (Nigeria), and the broking business of Tellimer Markets Inc.

Tellimer, which formerly went by the name of Exotix, provides institutional investors, corporates, and governments with access to financial markets. The company has offices in London, Dubai, Lagos, and New York.

The broking business of the company covers more than 170 trading markets in Equities Equities Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa Read this Term and fixed income. In particular, the division specializes in emerging and frontier markets.

Commenting on the acquisition, Jacob Rappaport, Head of Equities for INTL FCStone Inc., said: "We're thrilled to incorporate Tellimer Group's broking team and offerings into our extensive Securities business globally.

“The addition expands our reach by providing access to new markets, capabilities, and specialized expertise. The capability of the broking business fits extremely well with our existing equities and fixed income businesses, and we believe the integration of our product portfolio, global client base, and large balance sheet will enhance INTL FCStone."

INTL FCStone acquisition subject to regulatory approval

The transaction is subject to regulatory approval. Under the agreement, Tellimer’s research will be distributed to INTL FCStone’s clients and be used to complement the financial services firm’s offering.

"This transaction represents the next step in the Tellimer Group strategy which is focused on the development of our innovative proprietary technology platform and the expansion of leading information and connectivity services to our clients,” added Duncan Wales, CEO of Tellimer Group.

“We genuinely believe INTL FCStone will enhance the reach and scale of the broking business. Additionally, we are delighted that INTL FCStone has also chosen Tellimer as their third-party research content provider and delivery platform to enhance their securities offering."