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People keep messing with the bid, trying to scare people
BKESF $$$$$$$$$$$$$$$
$2.2b Bonds/Assets @ Maxed OS is $0.45 PPS. Yah it could be huge.
Wow, Huge Shareholders Lawsuit, Around 14 asset managers including BlackRock, Inc. BLK and Pacific Investment Management Company, LLC (PIMCO) have commenced legal action against the Portuguese central bank after it took the contentious decision to transfer five bonds of about €2 billion ($2.2 billion) from Novo Banco to a “bad bank” Banco Espirto last December.
Buying more loving the price, up 700% yesterday and no real pull back. BKESF will turn green soon! INTL will walk the bid up
15's gone, 16's falling. 18's key!!
Once these thin .0016's clear its blue skysss BKESF$$
INTL FCStone Inc. Subsidiary #1 Market Maker in More Than 2,000 Securities
NEW YORK, Feb. 12, 2014 (GLOBE NEWSWIRE) -- INTL FCStone Inc. (Nasdaq:INTL) today announced that its subsidiary, INTL FCStone Securities Inc., was the #1 market maker in more than 2,000 securities traded around the world according to data on trading volume collected by Bloomberg. In its role as a market maker, INTL FCStone Securities offers access to more than 8,000 securities around the world, specializing in delivering speed, accuracy and execution quality to our clients in illiquid and complex markets. INTL FCStone Securities has been a key source of liquidity for our customers in an extremely uncertain and volatile market environment.
Charles Lyon, CEO of INTL FCStone Securities Inc., said, "We're thrilled by what we have been able to achieve in our role as a market maker in these securities and look forward to expanding our status as a leading market maker into others. Our team is committed to serving the needs of our broker/dealer and institutional customers with the competitive pricing and liquidity necessary for investing in these securities."
About INTL FCStone Securities Inc.
INTL FCStone Securities Inc. provides trading, market making, investment banking and corporate finance services to customers around the globe. The investment banking division provides capital raising, mergers and acquisitions advisory, trade finance and bank loan syndication as well as restructuring and corporate advisory services to middle market firms in the natural resources, agriculture, financial institutions, power generation and real estate sectors. INTL FCStone Securities Inc. (member FINRA/SIPC/MSRB) is a wholly owned subsidiary of INTL FCStone Inc. (Nasdaq:INTL).
INTL FCStone Securities Inc. is a registered broker dealer and member of FINRA, SIPC and the MSRB. This information is not meant to be viewed as analysis or opinion of any security. This information should not be taken as an offer or as a solicitation of an offer for the purchase or sale of any security or other financial instruments or as a recommendation to engage in any trading strategy. The information presented was obtained from Bloomberg for the time period specified above and is currently available in the public domain and while it is from sources believed to be reliable, it is not guaranteed to be complete or accurate. INTL FCStone Securities Inc. may have long or short positions in securities or related issues mentioned here.
About INTL FCStone Inc.
INTL FCStone Inc. (INTL) provides execution and advisory services in commodities, currencies and international securities. INTL's businesses, which include the commodities advisory and transaction execution firm FCStone Group, serve more than 20,000 customers in more than 100 countries through a network of offices in twelve countries around the world.
Further information on INTL is available at www.intlfcstone.com.
Many don't know mm INTL, they are a huge Institutional Buyer. Weird they are Top bid.
Could have something awesome on our hands
NEW BOD TO BE ANNOUNCED >> News From.Website >> RELEASE CONCERNING THE CESSATION OF THE TENURE OF
THE CHAIRMAN OF THE BOARD OF DIRECTORS
Banco Espírito Santo, SA (BES), informs that Dr. Luís Augusto Máximo dos Santos
submitted his resignation as Chairman of the Board of Directors of BES by letter dated
16 June 2016, to produce effects as from 19 June 2016, following his appointment as Director of Banco de Portugal.
Banco de Portugal, using its powers as resolution authority, resolved to declare that Dr. Luís Augusto Máximo dos Santos’ office as Chairman of the Board of Directors of BES ceased as from 19 june 2016.
Until a new member of the Board of Directors of BES is appointed by Bank of Portugal, the Board of Directors of BES will continue to work with its two current members, Dr.
César Bento Nunes de Brito and Dr. Miguel Oleiro Morais Alçada.
Contacts
Representative for the relations with the market and with CMVM
Francisco Boavida Salavessa
E-mail: investor.relations@bes.pt
Lisbon, 24 June 2016
BANCO ESPÍRITO SANTO, S.A.
OK I've emailed investor.relations@bes.pt I'll let you people know if I get a responce.
When FIDELITY/VANGUARD/SILCHESTER are Major Funds I'm a buyer.
INTL top bidder now, Huge Institutional Buyer trades @ $26 on Nasdaq
OK without getting my head bit off can I ask why no matter where I search and find the article the only place that even mentions the symbol BKESF is the ADVFN site? Also even there they do not show the whole article.
http://br.advfn.com/noticias/DJN/2016/artigo/71864409
compared to
http://www.wsj.com/articles/bank-of-portugal-receives-four-bids-for-novo-banco-1467313606
Hmm June 2016 News, Bank of Portugal & BES working together >> BANCO ESPÍRITO SANTO, S.A.
RELEASE CONCERNING THE CESSATION OF THE TENURE OF
THE CHAIRMAN OF THE BOARD OF DIRECTORS
Banco Espírito Santo, SA (BES), informs that Dr. Luís Augusto Máximo dos Santos
submitted his resignation as Chairman of the Board of Directors of BES by letter dated 16 June 2016, to produce effects as from 19 June 2016, following his appointment as Director of Banco de Portugal. Banco de Portugal, using its powers as resolution authority, resolved to declare that Dr. Luís Augusto Máximo dos Santos’ office as Chairman of the Board of Directors of BES ceased as from 19 june 2016. Until a new member of the Board of Directors of BES is appointed by Bank of Portugal, the Board of Directors of BES will continue to work with its two current members, Dr. César Bento Nunes de Brito and Dr. Miguel Oleiro Morais Alçada.
Contacts
Representative for the relations with the market and with CMVM
Francisco Boavida Salavessa
E-mail: investor.relations@bes.pt
Lisbon, 24 June 2016
BANCO ESPÍRITO SANTO, S.A.
http://www.bes.pt/Comunicados/20160624%20fsd170042_uk.pdf
Looking for another good run today!
Can't argue this from 2015 Audited Fins >>
BKESF a Publically Traded Company Contacts
Representative for the relations with the market and with CMVM
Francisco Boavida Salavessa
E-mail: investor.relations@bes.pt
Lisbon, 23 May 2016
BANCO ESPÍRITO SANTO, S.A.
Banco Espírito Santo S.A. - Public Traded Company -
Head Office: Rua Barata Salgueiro, no. 28, 6th floor, 1250-044 Lisbon Portugal
Registered at Lisbon’s Commercial Registry Office and Tax Identification number 500 852 367
Share Capital: 6.084.695.651,06 euros
CHECK OUT $BKESF OWNERSHIP/DATES, HUGE >>
Mutual Funds that own BKESF >> http://quotes.wsj.com/BKESF/company-people
Institutions that own BKESF >> http://quotes.wsj.com/BKESF/company-people
3 Major Funds FIDELITY/VANGUARD/SILCHESTER Hold 570,000,000 as of APRIL/MAY 2016 >> http://quotes.wsj.com/BKESF/company-people
From Part B, item #9:
9. What consequences does the application of this resolution measure have for Banco Espírito Santo, S.A.?
The majority of the business and property of Banco Espírito Santo, S.A. was transferred to Novo Banco. S.A. Business transferred to Novo Banco, S.A. will continue to be carried out as usual.
This notwithstanding, Banco Espírito Santo, S.A. will continue to play a key role in ensuring the efficiency of the resolution measure applied by Banco de Portugal. Banco Espírito Santo, S.A. is legally required to provide all information requested by Novo Banco, S.A.
In addition, Banco de Portugal has applied the following corrective measures to Banco Espírito Santo, S.A.:
a) Prohibition to grant credit and invest funds in any types of assets, except to the extent that this investment of funds proves to be necessary for the preservation and valuation of its assets;
b) Prohibition to take deposits;
c) Waiver, for the period of one year, of compliance with the prudential rules applicable and the timely fulfilment of previously contracted obligations, except if this fulfilment is indispensible to the preservation and valuation of its assets, in which case Banco de Portugal may authorise the operations required for the purpose.
Therefore, Banco Espírito Santo, S.A. is no longer carrying out any activity, and Banco de Portugal will eventually withdraw its authorisation for exercising activity. This decision will result in an insolvency declaration that will in turn initiate Banco Espírito Santo, S.A.’s judicial liquidation proceedings. These liquidation proceedings will only focus on those liabilities and assets that have not been transferred to Novo Banco, S.A. The costs associated with these proceeding are those resulting from an insolvency proceeding and will be borne by the insolvent estate.
https://www.bportugal.pt/en-US/OBancoeoEurosistema/Esclarecimentospublicos/Pages/infobes.aspx
From Part B, item #6:
6. Who holds Novo Banco’s share capital?
The share capital of Novo Banco, to the amount of €4.9 billion, is fully underwritten by the Resolution Fund.
https://www.bportugal.pt/en-US/OBancoeoEurosistema/Esclarecimentospublicos/Pages/infobes.aspx
From Part H, item #2:
2. Are the shareholders of Banco Espírito Santo, S.A. being expropriated?
The resolution measure is not an expropriation. When situations threatening the stability of the financial system occur, the law empowers Banco de Portugal to reallocate a credit institution's assets, with legally defined limits and conditions.
In this case, the shareholders of Banco Espírito Santo, S.A. are no longer able to own assets and liabilities that have been transferred to Novo Banco, for the reasons and purposes given in response to Question A4.
By law, the shareholders may only be paid through judicial liquidation proceedings for the Banco Espírito Santo, S.A. business that has not been transferred to Novo Banco. Furthermore, under the subordination hierarchy resulting from the applicable legal and contractual provisions, this can only happen after all the other credits over the insolvency have been settled.
https://www.bportugal.pt/en-US/OBancoeoEurosistema/Esclarecimentospublicos/Pages/infobes.aspx
So Novo Banco is up for sale and has attracted 4 bidders and shareholders of Banco Espirito Santo, S.A do not participate in those sale proceeds per the above link. Shareholders of Banco Espirito Santo, S.A. only participate in the judicial liquidation proceedings ofr Banco Espirito Santo.
You have edited that news release. I am sure that the SEC will be most interested. Here is the correct and unedited news release in the link you provided. Bank of Portugal received the bids for Novo Banco - Banco Espirto Santo E did not receive any bids:
Bank of Portugal Receives Four Bids for Novo Banco
Date : 06/30/2016 @ 3:50PM
Source : Dow Jones News
Stock : Banco Espirto Santo E (PC) (BKESF)
Quote : 0.0017 0.0 (0.00%) @ 2:05AM
Bank of Portugal Receives Four Bids for Novo Banco
Banco Espirto Santo E (USOTC:BKESF)
Historical Stock Chart
1 Month : From Jun 2016 to Jul 2016
Click Here for more Banco Espirto Santo E Charts.
LISBON—Portugal's central bank said Thursday that it received four bids for Novo Banco SA, the good bank created out of the collapse of Banco Espí rito Santo SA.
Novo Banco was put on the block last year, but its sale was shelved in September over price disagreements.
Bank of Portugal said in a statement that it now will decide whether to sell the bank to a bidder or through the market, a task that could prove difficult given investor uncertainty following U.K.'s vote to leave the European Union last week.
The central bank didn't name the bidders.
INTL mm doesn't know what their buying, lol & WOJ made a mistake lmao.
See the Funds holding BKESF, they are holding it for a reason. Wait that's wrong too...
Next!!
I'm afraid the WSJ's bot put the wrong quote with the story. Novo Banco is a private company.
As several have remarked, it's reminiscent of RIVT.
Sorry bud but when MAJOR FUNDS hold $BKESF I DO... 3 Major Funds FIDELITY/VANGUARD/SILCHESTER Hold 570,000,000 as of APRIL/MAY 2016 >> http://quotes.wsj.com/BKESF/company-people
Bank of Portugal Receives Four Bids for New Bank
LISBON-Portugal's central bank said Thursday That It received four bids for Novo Banco SA, the good bank created out of the collapse of Banco Espí rite Santo SA.
New Bank was put on the block last year, but its sale was shelved in September over price disagreements.
Bank of Portugal said in a statement That It now will decide Whether to sell the bank to a bidder or through the market, the task That Could prove Difficult Given investor uncertainty Following UK's vote to leave the European Union last week.
The central bank did not name the bidders.
Write to Patricia Kowsmann at patricia.kowsmann@wsj.com
(END) Dow Jones Newswires
June 30, 2016 15:35 ET (19:35 GMT)
http://br.advfn.com/noticias/DJN/2016/artigo/71864409
Press Release of Banco de Portugal on the application of a resolution measure to Banco Espírito Santo, S.A.
The Board of Directors of Banco de Portugal has decided on 3 August 2014 to apply a resolution measure to Banco Espírito Santo, S.A.. The general activity and assets of Banco Espírito Santo, S.A. are transferred, immediately and definitively, to Novo Banco, which is duly capitalised and clean of problem assets. Deposits are fully preserved, as well as all unsubordinated bonds.
Nothing changes for the customers, who will be able to carry out all operations as usual and without disruption. The contents of the contractual relationships with the customers remain unchanged. The branches of Novo Banco, which for the time being retain the brand name and logo of BES and the telephone and homebanking services will continue to operate as usual. All collaborators of Banco Espírito Santo, S.A. will become Novo Banco’s collaborators, their rights being safeguarded.
In line with the Community regulatory framework, the capitalisation of Novo Banco is ensured by the Resolution Fund, supported by the financial sector, and the losses related to problem assets will be borne by shareholders and subordinated creditors of Banco Espírito Santo, S.A.. This means that this operation does not involve any costs for public funds.
This measure ensures the continuity of the institution’s activity, being the best to protect the depositors and other customers of the institution and financial stability.
I. BACKGROUND
On 30 July 2014, Banco Espírito Santo, S.A. announced losses largely above the foreseeable values in the light of information disclosed until then by Banco Espírito Santo, S.A. and its external auditor.
The results disclosed on 30 July 2014 reflect the practice of management acts seriously detrimental to the interests of Banco Espírito Santo, S.A. and the violation of determinations of Banco de Portugal that prohibited an increase in the exposure to other entities of the Grupo Espírito Santo. These facts occurred under the former management of Banco Espírito Santo, S.A.. Acts committed when the replacement of the former management had already been announced, led to an additional loss of around 1.5 billion euros compared with the losses that were to be expected after Banco Espírito Santo, S.A. communication to the market on 10 July 2014.
This situation had several consequences:
i) Banco Espírito Santo, S.A. ceased to comply with the minimum solvency ratios in force (Common Equity Tier 1 ratio of 5 per cent, i.e. 3 percentage points below the minimum regulatory level).
ii) Access of Banco Espírito Santo, S.A. to monetary policy operations and therefore to the liquidity provided by the Eurosystem was suspended.
iii) Increasing pressure was generated on Banco Espírito Santo, S.A. cashflows.
iv) The public perception of the Banco Espírito Santo, S.A. deteriorated further, as shown by the strongly negative performance of its securities, undermining depositors’ confidence. This negative public perception led to the suspension of transactions on Friday afternoon, 1 August 2014, with the risk of contaminating the perception regarding the other institutions of the Portuguese banking system.
v) Aggravated uncertainty about Banco Espírito Santo, S.A. balance sheet made a private capitalisation solution unfeasible in the short run.
Against this background, problems arose regarding the continuity of Banco Espírito Santo, S.A. activity. Considering the importance of the institution in the Portuguese banking system and in the financing to the economy, these problems endangered the stability of the national payment and financial systems.
II. NOVO BANCO AND PARTICIPATION OF THE RESOLUTION FUND
The situation described prompted an imperative and very urgent intervention by Banco de Portugal.
With the application of a resolution measure to Banco Espírito Santo, S.A., a separation is made between:
Problem assets, which in essence correspond to liabilities of other entities of the Grupo Espírito Santo and to shareholdings of Banco Espírito Santo Angola, S.A. whose losses are borne by the shareholders and subordinated creditors of Banco Espírito Santo, S.A.;
The remaining assets and liabilities, which are integrated in Novo Banco, a duly capitalised bank, and ensure full continuity of the institution’s activity, with no impact on its customers, collaborators or suppliers.
The Novo Banco will be subject to Banco de Portugal’s supervision and will be obliged to comply with all legal and regulatory rules applicable to Portuguese banks. The by-laws of Novo Banco were approved by Banco de Portugal.
The State will bear no costs related to this operation. The equity capital of Novo Banco, to the amount of €4.9 billion, is fully underwritten by the Resolution Fund.
The Resolution Fund’s sources of funding are the contributions paid by its member institutions and the proceeds from the levy over the banking sector, which, according to applicable regulations, are collected without jeopardising the solvency ratios.
Given that the Resolution Fund started its operation only in 2012 and has not available sufficient financial resources to finance the resolution measure applied to Banco Espírito Santo, S.A., the Fund took out a loan from the Portuguese State. The loan granted by the State to the Resolution Fund will be temporary and replaceable by loans granted by credit institutions.
III. RELATIONSHIP WITH BANCO ESPÍRITO SANTO, S.A. CUSTOMERS
With the resolution measure applied by Banco de Portugal, the general activity carried on by Banco Espírito Santo, S.A. will be ensured without disruption by Novo Banco.
The customers of Banco Espírito Santo, S.A. whose deposits, other credit claims or loans were transferred to Novo Banco, will thenceforth deal with Novo Banco, no further action being required. This transfer will be cost free for the customers. That is, customers will be able to carry out with Novo Banco all operations they used to carry out with Banco Espírito Santo, S.A..
Deposits. The resolution measure applied by Banco de Portugal ensures the safety of the deposits that had been made with Banco Espírito Santo, S.A.. Hence, the customers’ legal or contractual rights remain unchanged. Deposits are transferred in full to Novo Banco. The balances of deposits remain unchanged and available for movements, with no restriction.
Credit. Contractual conditions of credit granted by Banco Espírito Santo, S.A., transferred to Novo Banco, remain unchanged. As a consequence, the periodical repayments (principal and interest) continue to be made by the borrowers as they did to Banco Espírito Santo, S.A..
Customers of BESI, BEST and Banco Espírito Santo dos Açores, ESAF, BES Vida and several branches, including Spain, Macau, New York and London. The resolution measure has no implications for these entities’ customers.
Additional explanations
For additional explanations on the resolution measure applied to Banco Espírito Santo, S.A., please refer to the following:
List of frequently asked questions;
Call centre: 707 201 409; 9 a.m. – 6 p.m., working days (Cost: €0.10 per minute for calls made from fixed networks and €0.25 per minute for calls made from mobiles, with per second billing after the first minute) - only available in Portuguese;
E-mail address: infobes@bportugal.pt.
Lisbon, 3 August 2014
https://www.bportugal.pt/en-US/OBancoeoEurosistema/ComunicadoseNotasdeInformacao/Pages/combp20140803.aspx
BKESF receives four bids for Novo Bank
Date : 06/30/2016 @ 3:50PM
Source : Dow Jones News
Stock : Banco Espirto Santo E (PC) (BKESF)
Bank of Portugal Receives Four Bids for Novo Banco
Banco Espirto Santo E (USOTC:BKESF)
said Thursday that it received four bids for Novo Banco SA, the good bank created out of the collapse of Banco Espí rito Santo SA.
Novo Banco was put on the block last year, but its sale was shelved in September over price disagreements.
Bank of Portugal said in a statement that it now will decide whether to sell the bank to a bidder or through the market, a task that could prove difficult given investor uncertainty following U.K.'s vote to leave the European Union last week.
The central bank didn't name the bidders.SA.
http://ih.advfn.com/p.php?pid=nmona&article=71864409
Wow! Excellent find Cheeky!
BKESF $$$$$$!!!!$$$$$$$$$$$$$$$$
3 Major Funds FIDELITY/VANGUARD/SILCHESTER Hold 570,000,000 as of APRIL/MAY 2016 >> http://quotes.wsj.com/BKESF/company-people
That's the only place I saw news for this ticker too. I wonder if it showed up just because it was somewhat 'related'?
There with no question are two banks referred to as the good one and the bad one. When they did separate, they tried to IPO Novo but were denied which raises the question why the denial?
I also read they were told to keep the company public until the issues are resolved among the institutional holders who took losses. Being the good bank is the private company, that only means the bad bank is still public. But among the holders of losses is Goldman Sachs and along with others, they are seeking restitution, disagree with how the company was separated, and have filed their complaints last January. The company says it separated legally under Portuguese law but the people that lost money are saying they violated EU regulation when they did it and are fighting it.
Novo is saying they want to wait until after they sell Novo before they resolve the issue with institutional owners that had losses which doesn't make sense, like buying a car with the risk of having to give the engine back. This could also be why they've had such a hard time closing a deal. We don't even know if this one will go through yet do we?
In other words none of the creditors had a chance to get their money back like they would under a BK in the US because of how they separated the companies. Just tell the creditors to get effed? I do not think they are taking this laying down. Exactly what they have to do and what they are doing beats me but there's obviously a chance here to make some money if they do win. So far there's been a denied IPO and previous buyout complications already that tell me along with them being told to keep the company public, something's up.
So that leaves my minuscule lotto play here for if something comes out of this which so far is indicating a strong maybe, I bank. If not oh well, won't be my first loss or my last.
Definitely treating her like a a stinky pinkie though until something more solid materializes like the details of the deal.
This one reminded me of RIVT exactly.
Haha, I think a Billion $ Market Maker knows a thing or two.
But It was bidding on Novo Banco...
INTL FCStone Financial Issues 2015 Trading Statistics; Ranks as the #1 Market Maker for International Equities Traded OTC
January 26, 2016 08:00 ET| Source:INTL FCStone Inc.
#1 Ranking market maker by dollar value traded OTC#1 Ranking market maker in ~2,500 securitiesAdded 45% of all new foreign securities and ADRs to the OTC Market Alternative Trading SystemAveraged 1.13 executions per order OTC; Provided liquidity at ~3:1 ratio
NEW YORK, Jan. 26, 2016 (GLOBE NEWSWIRE) -- INTL FCStone Inc. (NASDAQ:INTL), a diversified global financial services organization delivering execution and advisory services in commodities, currencies, and securities, today announced that the broker-dealer division of its wholly owned subsidiary, INTL FCStone Financial Inc. (“the Company”) ranked as the #1 market maker in 2015 for international securities traded over-the-counter, as well as ranking #1 by dollar value for approximately 2,500 securities, according to Bloomberg rankings. INTL FCStone Financial also disclosed today that in 2015 it added 192, or ~45% of all new foreign securities and American Depositary Receipts (“ADRs") to the OTC Market.
INTL FCStone Financial is a full service market maker, specializing in providing its institutional clients with access to blue chip international securities and ADRs. The Company uses its strong capital base, international expertise, and proprietary technology to offer best-in-class execution services as well as provide block-sized liquidity both during and after local market hours. In 2015, INTL FCStone Financial served as market maker for OTC trades totaling ~$21.1 billion, representing ~14% of all OTC value reported. This marks an increase of ~19.2% year-over-year as compared to the ~$17.7 billion worth of trades that the Company reported in 2014, when it held the #2 ranking. In addition, INTL FCStone Financial was the leading market maker by value for ~2,500 securities in 2015, including Daimler AG, Nissan Motor Company Ltd, and Deutsche Telekom, as well as other tier one OTC listed Shares. The Company executed 89% of all OTC orders at arrival price or better, and provided liquidity to the Street at an approximate 3:1 ratio during 2015.
Jacob Rappaport, Managing Director and Head of Equity Capital Markets for INTL FCStone Financial, commented on today’s news, “We’re immensely proud of our achievements and that the service and liquidity we provide has yielded a #1 ranking in 2015. Our team is dedicated to providing execution and settlement solutions, as well as the liquidity necessary to make diversified trading opportunities more accessible in the U.S. for broker-dealers and institutions. We look forward to cementing our position as the top OTC market maker and continued growth alongside our clients in 2016.”
In addition to serving as the leading OTC market maker in 2015, INTL FCStone Financial also bolstered the market by adding 192 new foreign securities and ADRs to the OTC Marketplace, according to OTC Markets Group, Inc. Once listed, these international securities must be traded in a FINRA and SEC regulated Alternative Trading System (ATS), promoting greater competition, price clarity and compliance. Securities added by INTL FCStone Financial to the OTC Marketplace in 2015 include London Stock Exchange Group Plc, Renault SA and Japan Exchange Group Inc, among many others.
Rappaport concluded, “We started actively filing new securities with FINRA to add to the OTC Market in 2011 based on our clients’ desire for greater transparency; since then we have been responsible for over 50% of new international securities and ADR listings. Driving the trading of OTC equities to a regulated venue benefits our clients through competitive real-time quoting and enhanced compliance reporting. We look forward to continuing our efforts to make international markets more accessible and to bringing more blue chip international securities to the OTC Market in 2016, and beyond.”
About INTL FCStone Inc.
INTL FCStone Inc., including its subsidiaries, is a leader in the development of specialized financial services in commodities, securities, global payments, foreign exchange and other markets. Our revenues are derived primarily from financial products and advisory services that fulfill our clients' real needs and provide bottom-line benefits to their businesses. We create added value for our clients by providing access to global financial markets using our industry and financial expertise, deep partner and network relationships, insight and guidance, and integrity and transparency. Our client-first approach engenders trust, and has enabled us to establish leadership positions in a number of complex fields in financial markets around the world.
INTL FCStone Financial Inc. is a member of FINRA/SIPC and registered with the MSRB. Any individual security mentioned in this presentation is subject to the following disclosure: This information is not meant to be viewed as analysis or opinion of any security. This information should not be taken as an offer or as a solicitation of an offer for the purchase or sale of any security or other financial instruments or as a recommendation to engage in any trading strategy. INTL FCStone Financial Inc. may have long or short positions in securities or related issues mentioned here.
Further information on INTL FCStone is available at www.intlfcstone.com.
Media Contact Jay A. Morakis M Group Strategic Communications (for INTL FCStone Financial) +1 212 266 0191 jmorakis@mgroupsc.com
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Hmm, so mm INTL which trades @ $26 on Nasdaq and a Major Institutional Buyer seems to give BKESF merit, especially because he was absorbing and buying on TOP BID today. Guess INTL speaks fluid English and Spanish.
WOW, your speaking for everyone who follows the English language, please don't speak for me
On ihub app and click news
...anyone who follows bank acquisitions and mergers know these things are slow and take time.
Anyone who follows the English language knows that Banco Novo and BKESF are not the same thing. They are entirely unrelated.
Where did it show on the ticker news?
whose promoting this?
Is the current group promo for BKESF a promo for the wrong company?
Dear Peter Griffin...
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