词条 | INTL FCStone |
释义 |
|name = INTL FCStone Inc. |logo = INTL FCStone logo.svg |type = Public |traded_as = {{NASDAQ|INTL}} S&P 600 Component |key_people = Sean O'Connor, CEO Scott Branch, President Bill Dunaway, Chief Financial Officer |industry = Financial Services |revenue = {{up}}US$29.3 billion (2017)[1] |equity = {{up}}US$449.9 million (2017) |num_employees = 1,609 (2016) |founded = 1924 |predecessors = International Assets Holding Corporation, FCStone Group |location = 708 Third Avenue New York, New York, United States |homepage = {{URL|https://www.intlfcstone.com/}} }}INTL FCStone Inc. is a financial services organization. The company operates in five areas: Commercial Hedging, Global Payments, Securities, Physical Commodities, and Clearing and Executive Services (CES). The company ranked No. 103 in the 2018 Fortune 500 list of the largest United States corporations by total revenue.[2] HistoryINTL FCStone Inc. began as a door-to-door egg wholesaler that eventually grew into a butter and egg broker known as Saul Stone and Company. Saul Stone fled persecution in his homeland, Russia, and settled in Chicago in 1921. In 1924, Stone started selling farm wares. Eventually, he moved into hedging futures contracts and dealing in a variety of commodity contracts. In 1938, his firm became a member of the Chicago Mercantile Exchange. In 1946 it was incorporated as Saul Stone & Co.[3] Decades later, Saul Stone & Co. merged with Farmer’s Commodity Corporation.[4] After the merger, the new company called itself FCStone Group, Inc.[5] In 2007, FCStone went public.[6] The company acquired Chicago-based Downes-O’Neil LLC that same year.[7] In 2008, FCStone acquired Globecot, Inc. and The Jernigan Group, LLC, a brokerage group that worked with global fiber and textile industries.[8][9] In 2009, International Assets Holding Corporation (IAHC) and FCStone Group merged to become INTL FCStone.[10] Diego Veitia, who also helped found the Costa Rica Stock Exchange, founded IAHC. Veitia served as a Chairman with INTL FCStone.[11] The new company acquired Hanley Group Ltd in 2010.[12] Hanley was a leading provider of over-the-counter (OTC) products. It was combined with FCStone’s existing OTC trade desk, allowing the company to expand that business segment. Further expansion happened with a transaction to purchase the futures operation of Miami based Hencorp Group, Hencorp Futures. Hencorp Futures changed its name to INTL Hencorp Futures and expanded FCStone’s trading commodities to include coffee, sugar, and cocoa.[13] In 2010, the company partnered with Decisive Farming. INTL provided the organization with Know-Risk ™, a marketing tool that helps farmers customize crop marketing plans based on price triggers and time triggers. [14][15] The company reached an agreement with Hudson Capital Energy LLC (HCEnergy), a New York based energy risk-management firm, in 2011. INTL’s subsidiary, FCStone LLC, took over HCEnergy’s business and customers. This included HCEnergy’s Swiss subsidiary, HCEnergy Europe GmbH. The transaction expanded FCStone’s energy risk portfolio to include greater capability in crude oil and refined products.[16] In 2011, INTL FC Stone also saw the beginning of INTL’s CommodityNetwork. That year, INTL purchased on-line industry newsletter CoffeeNetwork from Hencorp Group. A year later, the company announced plans to expand network coverage into the four major commodities: metals, agriculture, energy and softs.[17] It already had cotton and dairy news sites, Globecot News Network and eDairy. In 2012, INTL was ranked #30 on the 2012 Fortune 500 list of the largest U.S. corporations.[18] The company won the Forex Magnates’s industry award for best liquidity provider.[19] In 2014, INTL’s subsidiary FCStone LLC acquired Sinclair and Company. Sinclair, an introducing broker, focused on dairy, grains and livestock markets. In 2015, INTL finalized a transaction to acquire G.X. Clarke & Co for about $27 million.[20] G.X. was founded in 1979. It was registered with the SEC as an institutional dealer in fixed-income securities. In 2016, the company acquired Sterne Agee. The sale included Sterne Agee’s clearing business and RIA businesses. INTL purchased the company from Stifel, just over a year after Stifel bought Sterne Agee as part of a $150 million acquisition.[21] In late January 2018, an agreement between INTL FCStone Financial, a subsidiary of INTL FCStone, and European platform Allfunds Bank went live. The agreement gave advisors using FCStone Financial access to thousands of Ucits funds without having to sign individual contracts with each strategies’ manager or distributor. FCStone Financial was the first US-based clearing firm with access to the Allfunds platform. Allfunds is the largest fund platform in Europe and offers access to more than 57,000 funds from over 1,200 fund managers.[22] In August 2018, INTL started developing a technological platform for its LME clients.[23] INTL first started working with London Metal Exchange (LME) in 2011, when it purchased MF Global Holding’s metals unit.[24] The platform would be similar to one created for INTL’s precious metals clients. That platform is known as PMXecute. It’s a proprietary electronic trading platform that gives clients real-time pricing in both precious metals and foreign exchange. There is also PMXecute+, which connects consumers and suppliers of physical gold.[25] FCStone Group Inc.Founded in 1978, the firm was known as the Farmers Commodities Corporation until 2002. FCStone Group provided integrated risk management services such as market intelligence and analysis to help commodity traders in industries like agriculture, renewable fuels, energy, food service, carbon credits, and forest products. In 2007, the company went public raising $95 million. FCStone executed more than 100 million derivative contracts in 2008 and was a clearing member on all major US future exchanges. The Group served commercial commodity intermediaries, end-users, and producers around the world. As of Sept. 30th, 2009, FCStone Group operates as a subsidiary of International Assets Holding Corp.[26][27][28] International Assets Holding CorporationIAHC began as the International Assets Advisory Corporation in 1981. The company started in Winter Haven, Florida in 1981 and was headed by Diego J. Veitia, a graduate of the Thunderbird School of Global Management. The firm’s initial focus was the private placements of stocks and bonds of foreign companies. IAAC then turned its attention to high-net-worth clients, including individuals and financial institutions, and diversifying their investment portfolios through the sales of equity securities and global debt. In 1987, Veitia created a holding company called International Assets Holding Corporation and went public in 1994. IAHC transitioned into becoming a market maker of international equity securities in the early 2000s and is now a global financial services provider operating through wholly owned subsidiaries in the US, Dubai, Singapore, Argentina, the UK, Brazil, and Uruguay.[29] MergerFCStone Group Inc. and the International Assets Holding Corporation merged in 2009. FCStone operates as an independent business unit of IAHC, ceased trading stock on Sept. 30th, and brings over $229.3 million in operation revenues. IAAC officially became INTL FCStone in Feb. 2011.[29] INTL FCStone Inc. serves more than 20,000 accounts in more than 130 countries through a network of 40 offices around the world. Its combined market capitalization is $285 million. Within a month of the merger, IAHC expanded operations to the Pacific Rim with a new office in Sydney, Australia.[29] Subsidiaries
Services
Leadership[34]
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Clarke & Co|date=2014-11-13|work=Finance Magnates {{!}} Financial and business news|access-date=2018-09-18|language=en-US}} 21. ^{{Cite web|url=http://www.investmentnews.com/article/20160627/FREE/160629927/stifel-selling-off-sterne-agee-independent-broker-dealer-business-it|title=Stifel selling off Sterne Agee independent broker-dealer business it acquired last year|last=Kelly|first=Bruce|website=www.investmentnews.com|access-date=2018-09-19}} 22. ^{{Cite news|url=http://citywireamericas.com/news/allfunds-enters-us-offshore-market-with-intl-fcstone-deal/a1091706|title=Allfunds enters US offshore market with INTL FCStone deal|work=Citywire|access-date=2018-09-19|language=en}} 23. ^{{Cite web|url=https://www.fastmarkets.com/article/3824658/interview-intl-fcstone-developing-lme-technology-platform-adding-staff|title=INTL FCStone developing LME technology platform, adding staff|last=|first=|date=|website=Fast Markets|archive-url=|archive-date=|dead-url=|access-date=}} 24. ^{{Cite news|url=https://www.reuters.com/article/us-mfglobal-fcstone-metals-idUSTRE7AO1CG20111125|title=INTL FCStone to acquire MF Global's UK metals arm|last=Thomas|first=Susan|work=U.S.|access-date=2018-09-19|language=en-US}} 25. ^{{Cite news|url=http://www.kitco.com/news/2017-09-12/Is-Gold-Overpriced-This-Bullish-Firm-Thinks-So.html|title=Is Gold Overpriced? This Bullish Firm Thinks So|date=2017-09-12|work=Kitco News|access-date=2018-09-19}} 26. ^{{cite web|url=https://finance.yahoo.com/q/pr?s=INTL+Profile|title=INTL FCStone Inc.|publisher=Yahoo! Finance|accessdate=22 October 2013}} 27. ^{{cite web|url=http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=13449251|title=Company Overview of FCStone Group, Inc.|publisher=Bloomberg Businessweek|accessdate=22 October 2013}} 28. ^{{cite web|url=https://www.bloomberg.com/quote/fcsx:us|title=FCStone Group Inc|publisher=Bloomberg|accessdate=22 October 2013}} 29. ^1 2 {{cite journal|author=Ed Dinger|title=International Assets Holding Corporation.|publisher=International Directory of Company Histories|volume=111|pages=244–247|year=2010}} 30. ^{{Cite web|url=https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=49587361|title=Terms of Service Violation|website=www.bloomberg.com|access-date=2018-08-30}} 31. ^{{Cite news|url=https://www.marketwatch.com/press-release/intl-fcstone-to-consolidate-us-subsidiaries-2015-07-01|title=INTL FCStone to Consolidate U.S. Subsidiaries|work=MarketWatch|access-date=2018-08-30|language=en-US}} 32. ^{{Cite web|url=https://www.cftc.gov/PressRoom/PressReleases/pr7216-15|title=CFTC Orders Swap Dealer INTL FCStone Markets, LLC to Pay a $200,000 Civil Monetary Penalty for Failure to Supervise Swaps Trading in Violation of CFTC Regulation 23.602 {{!}} U.S. COMMODITY FUTURES TRADING COMMISSION|website=www.cftc.gov|language=en|access-date=2018-08-30}} 33. ^{{Cite web|url=https://www.reuters.com/finance/stocks/company-profile/INTL.O|title=${Instrument_CompanyName} ${Instrument_Ric} Company Profile {{!}} Reuters.com|last=Editorial|first=Reuters|website=U.S.|language=en|access-date=2018-09-05}} 34. ^{{Cite web|url=https://www.reuters.com/finance/stocks/company-officers/INTL.O|title=${Instrument_CompanyName} ${Instrument_Ric} People {{!}} Reuters.com|last=Editorial|first=Reuters|website=U.S.|language=en|access-date=2018-08-30}} 3 : Companies based in New York (state)|Agricultural organizations based in the United States|Risk management companies |
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