INTL FCStone to acquire Tellimer Group's broking business.

INTL FCStone, a provider of financial-services execution, risk management, market intelligence, and post-trade services, agreed to acquire the brokerage businesses of Tellimer Group, an investment research company. The closing of this transaction is subject to limited conditions including regulatory approval. Financial terms were not disclosed. "We're thrilled to incorporate Tellimer Group's broking team and offerings into our extensive Securities business globally. The addition expands our reach by providing access to new markets, capabilities, and specialized expertise. The capability of the broking business fits extremely well with our existing equities and fixed income businesses, and we believe the integration of our product portfolio, global client base, and large balance sheet will enhance INTL FCStone," Jacob Rappaport, INTL FCStone Head of Equities.