INTL FCStone Acquires Outsourced Trading Firm Fillmore Advisors

Discussion in 'Wall St. News' started by guru, Jul 12, 2019.

  1. guru

    INTL FCStone Inc. (INTL) today announced that it has executed a sale and purchase agreement to acquire outsourced trading firm Fillmore Advisors. This news follows-on from the announcement that INTL launched a Prime Brokerage division in April of this year – with Fillmore Advisors now becoming an extension of that offering. This transaction, which is subject to regulatory approval, is effective on closing.
  2. qlai


    "Outsourced trading is a rapidly growing segment of prime brokerage services"

    What exactly is being outsourced? Clearing?
  3. Why does intel have business in brokerage? Is not it a chip company?
  4. qlai


    You are confusing it INTC ticker.
  5. Robert Morse

    Robert Morse Sponsor

    They have a sales desk for trading. That is what gets outsourced. It is common for some larger institutions to use a trading desk.
  6. qlai


    So "outsourced" meaning "Trading Desk As A Service" kind of set up? I would assume that the people must be licenced so must be US citizens. So not the same as outsourcing tech.