INTL FCStone Inc., a global financial services organization, today announced that the broker-dealer division of its subsidiary, INTL FCStone Financial Inc., leads the pack of market makers in 2015 for international securities traded over-the-counter, and also ranks #1 by dollar value for approximately 2,500 securities, according to Bloomberg rankings.
INTL FCStone also disclosed that it added 192, or roughly 45 percent of all new foreign securities and American Depositary Receipts (ADRs) to the OTC Market last year.
Inside the Chinese Circuit Breaker with Logan Best of INTL FCStone Financial.
In 2015, INTL FCStone Financial served as market maker for OTC trades totaling roughly $21.1 billion, representing nearly 14 percent of all OTC value reported. This marks an increase of nearly 19.2 percent year-over-year as compared to the roughly $17.7 billion worth of trades that the Company reported in 2014, when it held the #2 ranking, according to a press statement.
Were 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, said Jacob Rappaport, head of equity capital markets for INTL FCStone Financial.
He added, We look forward to cementing our position as the top OTC market maker and continued growth alongside our clients in 2016.
INTL FCStone Financial was also the leading market maker by value for nearly 2,500 securities in 2015, including Daimler AG, Nissan Motor Company, and Deutsche Telekom, as well as other tier one OTC listed Shares.
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 percent of new international securities and ADRs 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.