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- #1 Ranking market maker by dollar value traded OTC
- #1 Ranking market maker in ~2,500 securities
- Added 45% of all new foreign securities and ADRs to the OTC Market Alternative Trading System
- Averaged 1.13 executions per order OTC; Provided liquidity at ~3:1 ratio
INTL FCStone Inc. (NASDAQ:INTL), a diversified global financial services organization delivering execution and advisory services in commodities, currencies, and securities, today announced that the broker-dealer division of its wholly owned subsidiary, INTL FCStone Financial Inc. ("the Company") ranked as the #1 market maker in 2015 for international securities traded over-the-counter, as well as ranking #1 by dollar value for approximately 2,500 securities, according to Bloomberg rankings. INTL FCStone Financial also disclosed today that in 2015 it added 192, or ~45% of all new foreign securities and American Depositary Receipts ("ADRs") to the OTC Market.
INTL FCStone Financial is a full service market maker, specializing in providing its institutional clients with access to blue chip international securities and ADRs. The Company uses its strong capital base, international expertise, and proprietary technology to offer best-in-class execution services as well as provide block-sized liquidity both during and after local market hours. In 2015, INTL FCStone Financial served as market maker for OTC trades totaling ~$21.1 billion, representing ~14% of all OTC value reported. This marks an increase of ~19.2% year-over-year as compared to the ~$17.7 billion worth of trades that the Company reported in 2014, when it held the #2 ranking. In addition, INTL FCStone Financial was the leading market maker by value for ~2,500 securities in 2015, including Daimler AG, Nissan Motor Company Ltd, and Deutsche Telekom, as well as other tier one OTC listed Shares. The Company executed 89% of all OTC orders at arrival price or better, and provided liquidity to the Street at an approximate 3:1 ratio during 2015.
Jacob Rappaport, Managing Director and Head of Equity Capital Markets for INTL FCStone Financial, commented on today's news, "We're immensely proud of our achievements and that the service and liquidity we provide has yielded a #1 ranking in 2015. Our team is dedicated to providing execution and settlement solutions, as well as the liquidity necessary to make diversified trading opportunities more accessible in the U.S. for broker-dealers and institutions. We look forward to cementing our position as the top OTC market maker and continued growth alongside our clients in 2016."
In addition to serving as the leading OTC market maker in 2015, INTL FCStone Financial also bolstered the market by adding 192 new foreign securities and ADRs to the OTC Marketplace, according to OTC Markets Group, Inc. Once listed, these international securities must be traded in a FINRA and SEC regulated Alternative Trading System (ATS), promoting greater competition, price clarity and compliance. Securities added by INTL FCStone Financial to the OTC Marketplace in 2015 include London Stock Exchange Group Plc, Renault SA and Japan Exchange Group Inc, among many others.
Rappaport concluded, "We started actively filing new securities with FINRA to add to the OTC Market in 2011 based on our clients' desire for greater transparency; since then we have been responsible for over 50% of new international securities and ADR listings. Driving the trading of OTC equities to a regulated venue benefits our clients through competitive real-time quoting and enhanced compliance reporting. We look forward to continuing our efforts to make international markets more accessible and to bringing more blue chip international securities to the OTC Market in 2016, and beyond."
