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2015 and 2016: No. 18 and No. 5 in 2015 and 2016, respectively, in the Forbes list Top 100 largest publicly traded banks and thrifts [20] 2014: No. 3 in Bank Director magazine's Bank Performance Scorecard in US$5 billion to US$50 billion asset category [21] 2013: No. 57 in Best's Review's Top 75 North American Public Insurers based on 2012 ...
In 2015, INTL finalized a transaction to acquire G.X. Clarke & Co for about $27 million. [24] G.X. was founded in 1979. It was registered with the SEC as an institutional dealer in fixed-income securities. In 2016, the company acquired Sterne Agee. The sale included Sterne Agee’s clearing business and RIA businesses. INTL purchased the ...
A clearing house is a financial institution formed to facilitate the exchange (i.e., clearance) of payments, securities, or derivatives transactions. The clearing house stands between two clearing firms (also known as member firms or participants). Its purpose is to reduce the risk of a member firm failing to honor its trade settlement ...
In 2017, Cowen acquired Convergex, a leading agency-focused brokerage firm and trading services provider whose businesses include: equity sales and an electronic trading platform, commission management, global clearing and prime services. [21] In 2018 Cowen announced the acquisition of Quarton International, a middle-market investment banking firm.
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Its clearing members serve both professional traders and public customers and are approximately 115 of the largest U.S. broker-dealers, futures commission merchants and non-U.S. securities firms. OCC also serves other markets, including those of trading commodity futures, commodity options, and security futures.
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The following is a list of the world's largest publicly traded financial services companies, ordered by annual sales for the latest Fiscal Year that ended March 31, 2018 or prior (all public companies with sales of $20 billion or more are included, while privately held companies are not included).