NEW YORK, June 24, 2020 /PRNewswire/ -- INTL FCStone
Inc. (NASDAQ: INTL) (the "Company"), a leading provider of
execution, post-trade settlement, clearing and custody services
across asset classes and markets worldwide, today announced that it
is rebranding the firm as StoneX Group Inc. ("StoneX"). The StoneX
Group name was approved by an overwhelming majority at this
morning's shareholder meeting and effective July 6, 2020 the Company will be traded under the
symbol SNEX.
The StoneX Group name and its trade name "StoneX" carries
forward the foundation established by Saul
Stone in 1924 to today's modern financial services
firm. Today, the StoneX Group provides an institutional-grade
financial services ecosystem connecting its clients to 36
derivatives exchanges, 175 foreign exchange markets, nearly every
global securities marketplace, and a number of bi-lateral liquidity
venues via its network of highly integrated digital platforms and
experienced professionals. Our platform delivers support throughout
the entire lifecycle of a transaction, from consulting and
boots-on-the-ground intelligence, efficient execution, to
post-trade clearing, custody and settlement.
Sean O'Connor, CEO, commented on
today's news, "Our firm has experienced transformational growth in
recent years – in terms of the breadth and depth of our offering,
our technology platforms and our global client base. This re-brand
will help us better define and communicate our strategic focus on
driving innovation and digitalization in the global markets going
forward."
In 2003, the Company set out to become a leading provider of
financial services with the mission to meet the needs of
underserved clients in specialized markets. As larger investment
banks derisked after the financial crisis by withdrawing from
markets, raising their minimums, and narrowing their offerings, the
Company was able to occupy the gaps in the marketplace and seize
opportunities left behind by these larger firms. Additionally and
concurrently, as regulations and capital pressures drove mergers
amongst smaller players in the industry, INTL FCStone Inc. became
an opportunistic consolidator executing strategic acquisitions
across business lines. These acquisitions all served as part of the
Company's transition to a global financial services firm that
provides a unified digital platform that offers efficient access
and connectivity to all major financial markets around the world.
Simultaneously, INTL FCStone Inc. worked with larger institutions
to meet their growing need for an institutional-grade partner to
help them execute their market strategies and serve their
clients.
"Our transition to the StoneX brand signals an exciting new
phase for our company and our clients. We owe all of our success to
our clients, and we will continue to put them at the center of
everything we do as we pursue our goal of becoming recognized as a
best in class financial services franchise," added O'Connor.
About INTL FCStone Inc.
INTL FCStone Inc. (NASDAQ: INTL), through its subsidiaries,
connects its clients with the global markets across asset classes –
providing execution, post-trade settlement, clearing and custody
services. Clients use its institutional-grade digital platforms,
high-touch service and deep expertise to pursue trading
opportunities, make investments, efficiently manage their market
risks and improve their performance. Headquartered in New York City, INTL FCStone Inc. and its 2,000
employees serve more than 30,000 commercial and institutional
clients, and more than 125,000 retail clients, from more than 40
offices across five continents.
Further information on INTL is available
at www.intlfcstone.com.
Media Contact
Jay A.
Morakis
M Group Strategic Communications (for StoneX Group
Inc.)
+1 646 859 5951
jmorakis@mgroupsc.com
INTL-G
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SOURCE INTL FCStone Inc.
