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StoneX Group Inc.
StoneX Group Inc. (previously INTL FCStone) is an American financial services company. The company operates in six areas: commercial hedging, global payments, securities, physical commodities, foreign exchange and clearing and execution services (CES). , the company was ranked No. 59 in the ''Fortune'' 500 list of the largest United States corporations by revenue. In July 2020, the company rebranded and changed its name to StoneX Group Inc. During 2018 INTL FCStone along with 91 other ''Fortune'' 500 companies had "paid an effective federal tax rate of 0% or less" as a result of Donald Trump´s Tax Cuts and Jobs Act of 2017. History Foundation and early years StoneX Group Inc. began as a door-to-door egg wholesaler that eventually grew into a butter and egg broker known as Saul Stone and Company. Saul Stone fled persecution in his homeland, Russia, and settled in Chicago in 1921. In 1924, Stone started selling farm wares. Eventually, he moved into hedging futures ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Public Company
A public company is a company whose ownership is organized via shares of share capital, stock which are intended to be freely traded on a stock exchange or in over-the-counter (finance), over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listing (finance), listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states and so have associations and formal designations, which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation, though a corporation need not be a public company. In the United Kin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chicago Mercantile Exchange
The Chicago Mercantile Exchange (CME) (often called "the Chicago Merc", or "the Merc") is an American derivatives marketplace based in Chicago and located at 20 S. Wacker Drive. The CME was founded in 1898 as the Chicago Butter and Egg Board, an agricultural commodities exchange. For most of its history, the exchange was in the then common form of a non-profit organization, owned by members of the exchange. The Merc demutualized in November 2000, went public in December 2002, and merged with the Chicago Board of Trade in July 2007 to become a designated contract market of the CME Group Inc., which operates both markets. The chairman and chief executive officer of CME Group is Terrence A. Duffy, Bryan Durkin is president. On August 18, 2008, shareholders approved a merger with the New York Mercantile Exchange (NYMEX) and COMEX. CME, CBOT, NYMEX, and COMEX are now markets owned by CME Group. After the merger, the value of the CME quadrupled in a two-year span, with a ma ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Risk Management Companies
In simple terms, risk is the possibility of something bad happening. Risk involves uncertainty about the effects/implications of an activity with respect to something that humans value (such as health, well-being, wealth, property or the environment), often focusing on negative, undesirable consequences. Many different definitions have been proposed. One international standard definition of risk is the "effect of uncertainty on objectives". The understanding of risk, the methods of assessment and management, the descriptions of risk and even the definitions of risk differ in different practice areas (business, economics, environment, finance, information technology, health, insurance, safety, security, privacy, etc). This article provides links to more detailed articles on these areas. The international standard for risk management, ISO 31000, provides principles and general guidelines on managing risks faced by organizations. Definitions of risk Oxford English Dictionary ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Companies Based In New York (state)
A company, abbreviated as co., is a legal entity representing an association of legal people, whether natural, juridical or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Over time, companies have evolved to have the following features: "separate legal personality, limited liability, transferable shares, investor ownership, and a managerial hierarchy". The company, as an entity, was created by the state which granted the privilege of incorporation. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is to generate sales, revenue, and profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duties according to the publicly declared incorporati ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sydney, Australia
Sydney is the capital city of the state of New South Wales and the most populous city in Australia. Located on Australia's east coast, the metropolis surrounds Sydney Harbour and extends about 80 km (50 mi) from the Pacific Ocean in the east to the Blue Mountains in the west, and about 80 km (50 mi) from Ku-ring-gai Chase National Park and the Hawkesbury River in the north and north-west, to the Royal National Park and Macarthur in the south and south-west. Greater Sydney consists of 658 suburbs, spread across 33 local government areas. Residents of the city are colloquially known as "Sydneysiders". The estimated population in June 2024 was 5,557,233, which is about 66% of the state's population. Estimated resident population, 30 June 2017. The city's nicknames include the Emerald City and the Harbour City. There is evidence that Aboriginal Australians inhabited the Greater Sydney region at least 30,000 years ago, and their engravings and cultural ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Thunderbird School Of Global Management
The Thunderbird School of Global Management (or simply Thunderbird) is a global leadership, management, and business school at Arizona State University, a public research university in the Phoenix metropolitan area. It was founded in 1946 as an independent, private institution and acquired by Arizona State University in 2014. The school moved to ASU's Downtown Phoenix campus in 2018. The campus built a new $75 million building for the school in 2021. Thunderbird is a unit of the Arizona State University Enterprise. Its programs are accredited by the Higher Learning Commission and the Association to Advance Collegiate Schools of Business (AACSB). As of 2018, the school had around 45,000 alumni, also referred to as "Thunderbirds.” History Founding as a private institution (1946–2014) The school derives its name from Thunderbird Field No. 1, a decommissioned World War II-era United States Army Air Forces base, which served as its campus for more than 70 years. The Amer ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Winter Park, Florida
Winter Park is a city in Orange County, Florida, United States. The population was 29,795 according to the 2020 census. It is part of the Greater Orlando, Orlando–Kissimmee–Sanford, Florida Metropolitan Statistical Area. Winter Park was founded as a resort community by northern business magnates in the late 19th and early 20th centuries. Its main street, called Park Avenue, is located in the middle of town. It includes civic buildings, retail, art galleries, a private liberal arts college (Rollins College), museums, a park, a train station, a golf course country club, a historic cemetery, and a beach and boat launch. History The Winter Park area's first human residents were migrant Muscogee people who had earlier intermingled with the Choctaw and other indigenous people. In a process of ethnogenesis, the Native Americans formed a new culture which they called "Seminole", a derivative of the Muskogean languages, Mvskoke' (a Creek language) word simano-li, an adaptation of the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
City Index Group
City Index is a global provider of spread betting, contracts for difference (CFD) and foreign exchange (FX) trading services. Founded in the United Kingdom in 1983, it currently operates as part of the Nasdaq-listed financial services group StoneX. City Index serves retail clients globally, holding regulatory licenses from the Financial Conduct Authority (FCA) in the UK, the Australian Securities and Investments Commission (ASIC) in Australia, the Monetary Authority of Singapore (MAS), and the Central Bank of the UAE. Initially focusing on spread betting, City Index expanded its services from the early 2000s, acquiring several other brokerage businesses and establishing international offices in Asia and Australia. The company experienced substantial financial difficulties during the 2008 financial crisis, leading to restructuring and eventual acquisition by GAIN Capital in 2014. GAIN Capital itself was later acquired by StoneX Group in 2020, making City Index part of StoneX's r ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
GAIN Capital
GAIN Capital Holdings, Inc. was a US-based provider of online trading services, headquartered in Warren, New Jersey until it was acquired by StoneX Group in 2020. The company provided market access and trade execution services in foreign exchange, contracts for difference (CFDs) and exchange-based products to retail and institutional investors. Trading was provided via one of two electronic trading platforms, its own proprietary FOREXTrader PRO later renamed as StoneX Pro and MetaTrader 4. GAIN Capital allowed retail and institutional clients to speculate on global foreign exchange markets in what is known as ‘margin forex trading’. GAIN Capital operated retail foreign exchange and CFD trading brands, FOREX.com and City Index as well as GTX, a fully independent FX ECN, a multi-dealer foreign exchange trading platform, for hedge funds and institutions. It also owned advisory CFD business, SALT Invest, and futures provider, Daniels Trading. History GAIN Capital was founded ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Singapore
Singapore, officially the Republic of Singapore, is an island country and city-state in Southeast Asia. The country's territory comprises one main island, 63 satellite islands and islets, and one outlying islet. It is about one degree of latitude () north of the equator, off the southern tip of the Malay Peninsula, bordering the Strait of Malacca to the west, the Singapore Strait to the south along with the Riau Islands in Indonesia, the South China Sea to the east, and the Straits of Johor along with the State of Johor in Malaysia to the north. In its early history, Singapore was a maritime emporium known as '' Temasek''; subsequently, it was part of a major constituent part of several successive thalassocratic empires. Its contemporary era began in 1819, when Stamford Raffles established Singapore as an entrepôt trading post of the British Empire. In 1867, Singapore came under the direct control of Britain as part of the Straits Settlements. During World ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
UCITS
The Undertakings for Collective Investment in Transferable Securities Directive (Directive 2009/65/EC, "UCITS") is a directive of the European Union (EU) that allows collective investment schemes to operate freely throughout the EU on the basis of a single authorisation from one member state. EU member states are entitled to have additional regulatory requirements for the benefit of investors. Evolution The objective of Directive 85/611/EEC, adopted in 1985, was to allow for open-ended funds investing in transferable securities to be subject to the same regulation in every member state. It was hoped that once such legislative uniformity was established throughout Europe, funds authorised in one member state could be sold to the public in each member state without further authorisation, thereby furthering the EU's goal of a single market for financial services in Europe. The reality differed somewhat from the expectation due primarily to individual marketing rules in each membe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Clearing (finance)
In banking and finance, clearing refers to all activities from the time a commitment is made for a transaction until it is settled. This process turns the promise of payment (for example, in the form of a cheque or electronic payment request) into the actual movement of money from one account to another. Clearing houses were formed to facilitate such transactions among banks. Description In trading, clearing is necessary because the speed of trades is much faster than the cycle time for completing the underlying transaction. It involves the management of post-trading, pre-settlement credit exposures to ensure that trades are settled in accordance with market rules, even if a buyer or seller should become insolvent prior to settlement. Processes included in clearing are reporting/monitoring, risk margining, netting of trades to single positions, tax handling, and failure handling. Systemically important payment systems (SIPS) are payment systems which have the characteristic ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
