INTL FCStone shareholders approve company name change
The StoneX Group name was approved by an overwhelming majority at today’s shareholder meeting.
INTL FCstone Inc (NASDAQ:INTL) today announced that it is rebranding the firm as StoneX Group Inc. The name change was approved by an overwhelming majority at this morning’s shareholder meeting. Effective July 6, 2020 the company will be traded under the symbol SNEX.
The StoneX Group name and its trade name “StoneX” carries forward the foundation established by Saul Stone in 1924 to today’s modern financial services firm. Today, the StoneX Group provides an institutional-grade financial services ecosystem connecting its clients to 36 derivatives exchanges, 175 foreign exchange markets, nearly every global securities marketplace, and a number of bi-lateral liquidity venues via its network of highly integrated digital platforms and experienced professionals.
Sean O’Connor, CEO, commented on today’s news, “Our firm has experienced transformational growth in recent years – in terms of the breadth and depth of our offering, our technology platforms and our global client base. This re-brand will help us better define and communicate our strategic focus on driving innovation and digitalization in the global markets going forward.”
“Our transition to the StoneX brand signals an exciting new phase for our company and our clients. We owe all of our success to our clients, and we will continue to put them at the center of everything we do as we pursue our goal of becoming recognized as a best in class financial services franchise,” added O’Connor.
The new name is seen as more distinctive, and easier to remember and pronounce, than the existing name. The new name also includes aspirational elements that are strategically important to the company, such as digitizing the company’s platforms and driving innovation in the marketplace.
