Business
INTL FCStone Fixed Income Group Expands Offerings
NEW YORK, April 9, 2019 /PRNewswire/ -- INTL FCStone Inc. (NASDAQ: INTL) today announced that it has expanded its current fixed income product to include High
About this update from Stonex Group Inc.
[{"type":"text","content":"NEW YORK, April 9, 2019 /PRNewswire/ -- INTL FCStone Inc. (NASDAQ: INTL) today announced that it has expanded its current fixed income product to include High Yield, Convertible, and Emerging Market debt. These product offerings add to the INTL FCStone Inc.'s (\"INTL\" or \"the Company\") already robust debt instruments, including Treasuries, Agencies, MBS, ABS, and Municipal and Investment Grade bonds.\n\n \nThe Company now offers its 3,000+ institutional clients the ability to trade a full array of fixed income products across the entire risk spectrum. The expanded product line was facilitated by the recent strategic acquisition of GMP Securities LLC, formerly Miller Tabak Roberts Securities, in January. Additionally, and as a result, the Company is looking to expand its High Yield, Convertible and Emerging Market debt product lines through key hires on each desk.\nRobert LaForte, Co-Head, Fixed Income, INTL FCStone Financial, commented on today's news, \"In addition to strengthening our offering, the acquisition deepens our institutional customer base, enabling us to consider products such as Leveraged Loans, CLOs, and build out DCM capabilities for primary issuance. The demand for additional products across the risk spectrum continues to grow within our current clients and we anticipate our investment grade corporate bond offering will be a large focus for our newly acquired accounts that currently transact in High Yield and Emerging Market debt.\"\nThe 1,500+ new institutional customers acquired through the acquisition enables the Company to expand its global reach and distribution channels. Institutional clients will also benefit from INTL FCStone's full range of financial services and products within the securities, commodities, derivatives, foreign exchange, and global payments sectors. \nAnthony DiCiollo, Co-Head, Fixed Income, INTL FCStone Financial, added, \"This new diversified account base will not only benefit from our suite of fixed income products, but also from INTL FCStone's strong network and differentiated offerings. Our high-touch approach exemplifies our commitment to supporting the needs of our institutional clients, setting us apart in the sector.\"\nINTL FCStone's Securities Division offers its clients equity and debt products. In equities, it is the leading OTC market maker by dollar volume, making mark...