StoneX

StoneX (formerly INTL FCStone Inc.) is a Fortune-100 financial services firm that provides clearing and execution, risk management and advisory services, and market intelligence to the global securities, commodities and foreign exchange markets. The firm rebranded as StoneX in 2020.
The company also offers trading in select physical commodities, as well as payments and treasury services in approximately 140 currencies. Primary subsidiary companies include:
*INTL FCStone Financial Inc., a registered futures commission merchant (FCM) consisting of FCM, broker-dealer, fixed income, and correspondent clearing divisions.
*INTL FCStone Markets LLC, a provisionally registered swaps dealer providing over-the-counter (OTC) products and services.
*INTL FCStone Ltd, the London-based flagship entity serving the company’s non-U.S. customers and home to the company’s Global Payments Division.
*INTL FCStone Prime Brokerage, offers multi-asset prime brokerage, execution, trading, custody and clearing services.
 
==Markets Traded==
*Grains/Oilseeds
*Dairy
*Forest Products
*Meats/Livestock
*Softs
*Energy
*Renewable Fuels
*Metals
*Currencies
*Financial Futures
*Securities
== Products and Services ==
*Risk Management Advisory Services
*Futures Brokerage and Clearing
*OTC and Structured Products
*Physical Trading in Select Commodities
*LME Metals Trading
*Global Payments and Treasury Services
*Foreign Exchange Execution and Prime Brokerage
*Equity Market-Making
*Securities Custody and Clearing
*Fixed Income
*Wealth Management
*Asset Management
*Market Intelligence
== History ==
While some constituent businesses within INTL date back to 1901, the company’s oldest namesake firm was founded in 1924 by Saul Stone, a Russian immigrant who fled to Chicago and became a door-to-door egg wholesaler. In 1938, his firm became a clearing member of the Chicago Mercantile Exchange and in 1946 was incorporated as Saul Stone & Co. In June 2000, Saul Stone & Co. was acquired by Farmers Commodities Corp., which was founded in 1978 to provide grain hedging brokerage services. The combined company adopted the name FCStone, LLC, and grew through the subsequent acquisitions of dairy futures trading firm Downes-O’Neill (2007) and cotton traders Globecot (2008). 
In 2009, FCStone LLC merged with International Assets Holding Corporation. IAHC began as the International Assets Advisory Corporation in 1981, based in Winter Haven, Florida and was headed by Diego J. Veitia. The company went public on the NASDAQ in 1994, trading under the ticker symbol INTL. The current management team assumed control of IAHC in 2003 and shifted its strategic focus to wholesale execution. The following year, the company acquired Global Currencies, a global payments business.
Following the merger, the company continued to grow through a series of acquisitions, most notably the Hanley Group companies, which enabled the company to expand its OTC trading business, and the futures division of Hencorp (in 2010), which added coffee, cocoa and sugar to the company’s commodity offering.
In 2011, the company officially changed its name to INTL FCStone Inc. It continued to grow through acquisitions, adding LME metals to its offering and becoming a Category One ring-dealing member of the LME, as well as expanding its global footprint in coffee, cocoa and energy.
 
In 2012, the company launched Commodity Network, an online news and analysis subscription service.
Former president Paul G. (Pete) Anderson retired in October 2012, leaving the position vacant until COO Scott Branch was appointed president. Branch later retired in 2016.
The company’s OTC-focused subsidiary, INTL FCStone Markets LLC, became the first non-bank company to register with the CFTC as a provisional swaps dealer in 2013. 
In February 2014, the firm acquired Sinclair & Co., an Idaho-based introducing broker concentrating on dairy, grains and livestock markets. Also in February 2014, Peter Nessler, who headed the company's FCStone subsidiary, resigned amid "stress from new regulations and difficult market conditions."
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. 
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. 
In July 2019, the firm announced the acquisition of Fillmore Advisors, a provider of outsourced trading and consulting services for institutional asset managers in equities, FX, credit, rates and commodities. Fillmore will fall under the prime brokerage division.
== Key People ==
*Sean O'Connor, CEO
* John Radziwill, Chairman of the Board and Director
* Xuong Nguyen, COO
* William J. Dunaway, CFO
== In The News ==
*On February 27, 2018, CTA Intelligence named INTL FCStone as "Best FCM" for U.S. Services for 2018.
*On May 1st, 2015 INTL FCstone Inc. settled with the CFTC for failing to have the proper policies for governing the transfer of positions between customers accounts.
== Registration Information ==
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== References ==
Category:Futures Commission Merchants