INTL FCStone Financial Launches Securitized Products Group

Friday, 10/02/2017 | 16:15 GMT by Jeff Patterson
  • The newly formed Securitized Products Group will help strengthen its mortgage- and asset-backed securities operations.
INTL FCStone Financial Launches Securitized Products Group
Bloomberg

INTL FCStone Financial Inc., a subsidiary of INTL FCStone Inc. (NASDAQ: INTL), focusing on broker-dealer rates, has launched a Securitized Products Group in a bid to help foster and extend the scope of its mortgage- and asset-backed securities operations, according to a group statement.

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The new implementation of a Securitized Products Group is important for INTL FCStone’s operations as it helps strengthen the group’s provisions to its institutional client base, including a greater emphasis on Liquidity , Execution efficiency, and expert insight in these markets.

In particular, the newly formed Securitized Products Group will be supporting INTL FCStone Financial's focus on enabling dealer and market maker services to buy-side clients. This will also help shore up its operations of Agency Mortgage-Backed Securities, Collateralized Mortgage Obligations, Commercial Mortgage-Backed Securities, and Asset-Backed Securities.

According to Anthony Di Ciollo, Senior Managing Director and Head of Securitized Trading at the Broker-Dealer Rates Group of INTL FCStone: "The buy-side has experienced a dramatic change in coverage as the majority of securities industry participants trend towards generalization and divert resources away from traditional Mortgage products, which negatively impacts market liquidity.”

“With the formation of the Securitized Products Group, we continue to utilize our longstanding expertise trading Mortgage products to uniquely benefit the strategies and trading parameters of our clients,” he added.

INTL FCStone recently reported its Q4 operating metrics for the fiscal year ending December 31, 3016. The group showed a strong uptick in revenues relative to last year, though its EPS and net income were pointed firmly lowers over the same period.

INTL FCStone Financial Inc., a subsidiary of INTL FCStone Inc. (NASDAQ: INTL), focusing on broker-dealer rates, has launched a Securitized Products Group in a bid to help foster and extend the scope of its mortgage- and asset-backed securities operations, according to a group statement.

To unlock the Asian market, register now to the iFX EXPO in Hong Kong.

The new implementation of a Securitized Products Group is important for INTL FCStone’s operations as it helps strengthen the group’s provisions to its institutional client base, including a greater emphasis on Liquidity , Execution efficiency, and expert insight in these markets.

In particular, the newly formed Securitized Products Group will be supporting INTL FCStone Financial's focus on enabling dealer and market maker services to buy-side clients. This will also help shore up its operations of Agency Mortgage-Backed Securities, Collateralized Mortgage Obligations, Commercial Mortgage-Backed Securities, and Asset-Backed Securities.

According to Anthony Di Ciollo, Senior Managing Director and Head of Securitized Trading at the Broker-Dealer Rates Group of INTL FCStone: "The buy-side has experienced a dramatic change in coverage as the majority of securities industry participants trend towards generalization and divert resources away from traditional Mortgage products, which negatively impacts market liquidity.”

“With the formation of the Securitized Products Group, we continue to utilize our longstanding expertise trading Mortgage products to uniquely benefit the strategies and trading parameters of our clients,” he added.

INTL FCStone recently reported its Q4 operating metrics for the fiscal year ending December 31, 3016. The group showed a strong uptick in revenues relative to last year, though its EPS and net income were pointed firmly lowers over the same period.

About the Author: Jeff Patterson
Jeff Patterson
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About the Author: Jeff Patterson
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