US Market Maker INTL FCStone to Rebrand as StoneX Group

INTL FCStone Inc. (NASDAQ:INTL), a provider of financial-services Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term, Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term, market intelligence, and post-trade services, ‏said in a filing to the US Securities and Exchange Commission it plans to rebrand its business as StoneX Group Inc., subject to the shareholders’ approval.

Explaining the rationale behind the initiative, INTL FCStone said its current name reflects the merger between International Assets Holding Corporation and FCStone Group, which took place in 2011. Operating under the same brand for over nine years, the company’s board ‘desires’ to adopt a new corporate name as part of a global rebranding initiative.

“The new name will be more distinctive, and easier to remember and pronounce, than the existing name. The new name also includes aspirational elements that are strategically important to the Company, such as digitizing the Company's platforms and driving innovation in the marketplace,” it said.

The rebranded entity will encompass all of INTL FCStone’s regulatory profiles around the globe. With no significant action needed by clients and partners, the company says its new name preserves “significant brand equity” as "Stone" embodies the oldest part of the company's franchise and "X" evokes exchange, digitization and innovation.

INTL FCStone Financial, through its subsidiaries, is a provider of execution, risk management and advisory services, market intelligence, and clearing services. The origins of the company date back to 1924, and currently serves institutional clients by providing them with access to blue chip international securities and ADRs.

In 2018, INTL FCStone traded over $49 billion in value OTC, which was 60% higher than the closest financial services firm and accounted for 16% of the total OTC value reported.

The change will be fairly subtle, although all existing client and partner accounts will automatically transition to the new brand.

Earlier this year, INTL FCStone Inc. agreed to acquire GAIN Capital in an all-cash deal valued at about $236 million.The transaction is set to be completed in mid-2020, subject to approval by GAIN’s stockholders and regulators, as well as other customary closing conditions. Under the agreement, GAIN Capital will be required to pay INTL FCStone a termination fee of $9 million if the deal is terminated under certain circumstances