History
A Brief History of INTL FCStone: "The heritage of INTL FCStone dates back to 1924 when a door-to-door egg wholesaler founded a business called Saul Stone and Company. Through organic growth, acquisitions and the 2009 merger between International Assets Holding Corporation (INTL) and FCStone Group," the company has become a global, Fortune 500 financial services organization called INTL FCStone Inc.
Timeline
- In 1924, Mr. Saul Stone, a door-to-door egg wholesaler, formed Saul Stone and Company.
- In the 1930s, Saul Stone and Company became one of the first clearing members of the Chicago Mercantile Exchange (CME).
- In the early 1970s, Saul Stone and company became one of the major innovators on the CME’s International Monetary Market, bringing financial futures to the forefront of the industry.
- In 1978, a new entity called Farmers Commodities Corporation was formed to accommodate the needs for grain hedged brokerage services.
- In 1981, International Assets was established as an internationally focused boutique brokerage firm.
- Farmers Commodities Corporation (FCC) became a clearing member of the Kansas City Board of Trade in 1983 and in 1985 purchased its first seat on the Chicago Board of Trade.
- In 1994, International Assets was listed on NASDAQ.
- On July 1, 2000, Farmers Commodities Corporation acquired Saul Stone and Company to become one of the nation’s largest commercial grain brokerage services, FCStone.
- In 2004, International Assets acquired global payments business Global Currencies, thereby establishing a London Office.
- In 2007, FCStone Group Inc. completed its initial public offering, or IPO, and was traded on the NASDAQ as FCSX. FCStone acquired Chicago-based Downes-O’Neill, dairy specialists. International Assets Holding Corporation acquired Gainvest group in South America, specializing in asset management and asset backed securities.
- In 2008, FCStone acquired Nashville-based Globecot and the Jernigan Group who both specialize in cotton.
- In 2009, FCStone acquired Elders Risk Management, an Australian provider of risk management tools for agricultural commodities.
- In September 2009, FCStone and International Assets Holding Corporation merged.
- In April 2010, Risk Management Incorporated, energy risk management specialists, became a wholly owned subsidiary of International Assets Holding Corporation’s FCStone Group, Inc.
- In July 2010, International Assets Holding Corporation acquired the Hanley Group companies and established INTL Hanley to expand the group’s OTC trading business.
- In September 2010, International Assets Holding Corporation acquired Provident Group, creating the investment banking and advisory division.
- In October 2010, International Assets Holding Corporation acquired the futures division of Hencorp, coffee, cocoa and sugar specialists, creating INTL Hencorp Futures, LLC.
- In December 2010, International Assets Holding Corporation changed its ticker symbol from IAAC to INTL.
- In February 2011, International Assets Holding Corporation changed its name to INTL FCStone Inc.
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