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INTL FCStone Inc. (NASDAQ:INTL), a global financial services group, has entered into the US-asset backed securities (ABS) market, strengthening the focus and scope of its execution and advisory services suite, according to an INTL FCStone Inc. statement.
The latest entry into the US’ ABS market is a big move for INTL FCStone, given the latitude and overall size of the securities market in one of the largest economic blocs. Previously, INTL FCStone had been trading ABS in South America, and specifically Argentina, for several years. Its foray into the US market is led by its subsidiary the Rates Group.
Consequently, INTL ... (read more)