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INTL FCStone Inc.

1 byte removed, 21:40, 8 October 2019
/* History */
In 2015, the company completed the acquisition of G.X. Clarke & Co., an institutional dealer in U.S. government securities, federal agency and mortgage-backed securities. The following year, it completed purchase of the correspondent securities clearing business and independent wealth management business of Sterne Agee, LLC. The clearing business was folded into the company’s INTL FCStone Financial Inc. subsidiary, while the wealth management business was renamed SA Stone Wealth Management in 2017.
In March 2019, the company announced the acquisition of [[UOB Bullion and Futures Ltd.]], a Singaporean-based futures and options broker and clearing firm. The move bolstered its Asia business offerings. UOB Bullian Futures, was a subsidiary of United Overseas Bank Ltd. The deal closed in October 2019.<ref>{{cite web|url=https://www.prnewswire.com/news-releases/intl-fcstone-acquires-the-futures-and-options-brokerage-and-clearing-business-of-uob-bullion-and-futures-limited-in-singapore-300814380.html|name=INTL FCStone Acquires the Futures and Options Brokerage and Clearing Business of UOB Bullion and Futures Limited in Singapore|org=Press Release|date=July 11, 2019}}</ref><ref>{{cite web|url=https://www.prnewswire.com/news-releases/intl-fcstone-completes-the-acquisition-of-the-futures-and-options-brokerage-and-clearing-business-of-uob-bullion-and-futures-limited-in-singapore-300932804.html|name=INTL FCStone Completes the Acquisition of the Futures and Options Brokerage and Clearing Business of UOB Bullion and Futures Limited in Singapore |org=Press Release|date=October 8, 2019}}</ref>
In April 2019, the firm launched a prime brokerage division, offering multi-asset prime brokerage, execution, outsourced trading, custody and self-clearing, plus clearing services for hedge funds, mutual funds and family offices. The prime brokerage team is based in Atlanta.<ref>{{cite web|url=https://www.prnewswire.com/news-releases/intl-fcstone-financial-launches-prime-brokerage-division-300836025.html|name=INTL FCStone Financial Launches Prime Brokerage Division |org=Press Release|date=July 11, 2019}}</ref>