This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

INTL FCStone To Consolidate Two UK Subsidiaries

Stocks in this article: INTL

NEW YORK, March 25, 2014 (GLOBE NEWSWIRE) -- INTL FCStone Inc (Nasdaq:INTL) announced today that it has received regulatory approval from the UK Financial Conduct Authority to consolidate the businesses of its two UK subsidiaries, INTL FCStone Ltd and INTL Global Currencies Ltd.

INTL FCStone Ltd [IFL] is a full scope investment firm, providing advisory, execution and clearing services to commercial clients who wish to mitigate their price exposure to FX, Metals, Energy and Soft commodities. IFL is a category 1 ring dealing member of the London Metal Exchange, a full clearing member of ICE Clear Europe, CMECE, and LCH EnClear, and offers clearing services on a host of global exchanges through group affiliates.

INTL Global Currencies Ltd [IGC] is a leading institutional cross border global payments business, processing 200,000 payments annually, with volumes of US$16 billion in 145 currencies. IGC not only services many of the humanitarian branches of supranational organizations, governmental aid agencies and household names within the NGO and charity sector, but also services international corporations and an increasingly large section of the international banking community. Many of the world's largest banking institutions have recognized the advantages of making their payments through a specialist service provider and have chosen the services of IGC for exotic currency delivery to the significant benefit of their clients. IGC provides the knowledge and infrastructure framework upon which such banks rely to deliver payments for their clients and prides itself on its ability to make payments to almost every conceivable country, in local currency.

Philip Smith, Chief Executive Europe, Middle East and Africa, said, "Following a record quarter, INTL FCStone's UK based businesses are growing at a very encouraging rate. The next stage of consolidation during 2014 will be to incorporate our global precious metals businesses currently operating through our various international offices. Last year we transacted in more than 300 tons of physical precious metals and consider ourselves to be one of the largest importers of precious metals into the Indian sub-continent."

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs