INTL FCStone has announced the acquisition of Luxembourg-based interdealer brokerage company Carl Kliem. The deal is subject to an official approval on part of the local financial regulator, the Commission de Surveillance du Secteur Financier.

The move represents an expansion of the presence of INTL FCStone in continental Europe. Following the acquisition, the company will have a third location after Dublin and Frankfurt. Luxembourg represents a leading European financial hub, where a number of asset managers are located.

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