INTL FCStone Financial Ranked #1 Market Maker for International Equities Traded OTC for Fourth Consecutive Year
- #1 Ranking market maker in ~2,700 foreign securities
- #1 Ranking market maker by dollar value traded OTC
- Total OTC value traded increased 68% to $49.2 billion, 60% higher than the next closest participant
NEW YORK, Feb. 12, 2019 /PRNewswire/ -- INTL FCStone Inc. (NASDAQ: INTL) today announced that the Broker-Dealer Division of its wholly owned subsidiary, INTL FCStone Financial Inc. ("the Company"), was ranked as the #1 market maker in 2018 for international securities traded over-the-counter (OTC), and #1 by dollar value traded for approximately 2,700 foreign securities, according to data from FINRA's Over-the-Counter Reporting Facility and Bloomberg RANK. This is the fourth consecutive year the Company has held these rankings, emphasizing its unique position in trading American depositary receipts (ADRs) and international securities, and its success in the marketplace.
In 2018, INTL FCStone Financial traded over $49 billion in value OTC, which was 60% higher than the closest financial services firm and ~16% of the total OTC value reported. This marks an increase of ~68% year-over-year as compared to the ~$29 billion worth of trades that the Company reported with 2017's number one rank.
Jacob Rappaport, Head of Equities at INTL FCStone Financial Inc., commented on today's news, "We are very proud of our team for retaining the rank as #1 market maker in OTC ADRs and foreign securities for the fourth consecutive year. This continued success and the unprecedented volume traded in 2018 was due to the hard work of our talented team and the confidence of our global client base. We remain committed to providing best-in-class service and liquidity to our clients and helping them grow their businesses. We feel that our rapidly expanding institutional client base further benefits our legacy clients by complementing our firm capital with a greater pool of natural liquidity. We look forward to continued growth and expansion across our Equites platform alongside our clients in 2019."
As a full-service market maker, INTL FCStone Financial provides institutional clients with access to blue chip international securities and ADRs through execution efficiency, a global footprint and expertise in more than 45 markets, and proprietary technology solutions. The Company leverages the strong capital base of its parent company, INTL FCStone Inc., in order to provide clients with block-sized liquidity both during and after local market hours.
About INTL FCStone Inc.
INTL FCStone Inc., through its subsidiaries, is a leading provider of financial-services execution, risk management, market intelligence, and post-trade services across asset classes and markets around the world.
A Fortune 500 company with a nearly 100-year track record, the company focuses on providing products and services within the commodities, securities, foreign exchange and global payments sectors. INTL customers include the producers, processors and end users of virtually every major traded commodity; commercial counter parties; and governmental, nongovernmental and charitable organizations. The company also serves institutional investors, brokers, professional traders, CTA/CPOs, proprietary trading groups, commercial banks and major investment banks. Headquartered in New York City, the company is listed on NASDAQ under the ticker symbol "INTL".
Further information on INTL FCStone is available at www.intlfcstone.com.
Media Contact
Jay A. Morakis
M Group Strategic Communications (for INTL FCStone)
+1 212 859 5951
[email protected]
INTL-G
SOURCE INTL FCStone Inc.
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