Financial Performance - Average client equity increased by 52% to $3.4 billion, and average money-market/FDIC sweep balances increased by 35% to $1.3 billion compared to the prior year[178]. - Operating revenues increased by $103.3 million to $380.1 million in the three months ended December 31, 2020, with all segments recording increases in operating revenues[180]. - Segment income in the Institutional segment increased by $19.5 million, or 77%, driven by a 63% increase in net operating revenues[181]. - Segment income in the Retail segment increased by $15.0 million, or 517%, primarily due to the acquisition of Gain Capital Holdings, Inc.[182]. - Net income increased by $3.2 million to $19.5 million in the three months ended December 31, 2020, with diluted earnings per share rising to $0.98[188]. - Total assets increased by 38% to $13,974.8 million as of December 31, 2020, compared to $10,129.3 million in the prior year[191]. - Operating revenues increased by 37% to $380.1 million for the three months ended December 31, 2020, compared to $276.8 million in the same period of 2019[194]. - Net operating revenues grew by 50% to $256.1 million, up from $170.5 million in the prior year[208]. - Total revenues decreased to $9,257.6 million for the three months ended December 31, 2020, from $11,246.4 million in the same period of 2019[230]. - Operating revenues increased by 39% to $387.2 million for the three months ended December 31, 2020, compared to $278.2 million in the same period of 2019[230]. Revenue Sources - Listed derivatives revenue rose by $22.8 million to $95.0 million, driven by increased volumes in domestic grain markets and the acquisition of Gain[195]. - Securities transaction revenues increased by $36.3 million to $126.6 million, attributed to heightened volatility in global equity and fixed income markets due to COVID-19[197]. - FX/CFD contracts revenue surged by $55.2 million to $59.8 million, largely due to the acquisition of Gain[198]. - Operating revenues from securities transactions increased 48%, with average daily volume (ADV) of securities traded rising 74% due to heightened market volatility[247]. - Operating revenues derived from listed derivatives increased 37%, with contract volumes up 39% in Q4 2020 compared to Q4 2019[248]. Expenses and Costs - Interest expense related to corporate funding increased by $7.8 million to $10.5 million due to the issuance of senior secured notes[186]. - Variable expenses accounted for 57% of total expenses in the current period, compared to 58% in the prior year[187]. - Total compensation and benefits expense increased by 48% to $153.6 million, representing 40% of operating revenues[212]. - Transaction-based clearing expenses rose by 41% to $65.4 million, reflecting higher listed derivative contract volumes[203]. - Introducing broker commissions increased by 46% to $38.2 million, driven by increased activity in listed derivatives[204]. - Other non-compensation expenses rose by $30.7 million, or 68%, to $75.6 million for the three months ended December 31, 2020, compared to $44.9 million in the same period of 2019[214]. - Fixed compensation and benefits increased by $19.9 million, or 40%, to $69.3 million for the three months ended December 31, 2020, compared to $49.4 million in the same period of 2019[213]. Client and Market Activity - The acquisition of Gain Capital added over 130,000 new retail clients and contributed $60.5 million to revenues compared to the prior year period[179]. - The average client equity for listed derivatives increased by 52% to $3,426 million, compared to $2,257 million in the previous year[208]. - The average money market/FDIC sweep client balances increased by 35% to $1,325 million in Q4 2020[245]. - The number of employees remained relatively unchanged at 2,946 at the end of the three months ended December 31, 2020, compared to 2,950 at the beginning of the same period[213]. Financial Position and Liquidity - The company had $75.5 million of committed funds available under its credit facility for general working capital requirements[172]. - As of December 31, 2020, total equity capital stood at $799.5 million, with outstanding loans under revolving credit facilities at $364.7 million[280]. - As of December 31, 2020, total assets were $14.0 billion, up from $13.5 billion as of September 30, 2020, reflecting growth in client activity and market conditions[293]. - The company issued $350 million in Senior Secured Notes with an interest rate of 8.625%, maturing on June 15, 2025[297][298]. - The company has liquidity and funding policies in place to maintain flexibility for both company-specific and industry liquidity needs[295]. - The company is in compliance with all financial covenants under its outstanding facilities as of December 31, 2020[303]. Risk Management - The company employs a variety of risk management techniques, including daily monitoring of positions and mark-to-market profitability, to mitigate market risk[338]. - The company does not initiate market positions for its own account in anticipation of future price movements, focusing instead on managing net exposure[337]. - Derivative instruments are utilized to manage risk exposures in trading inventory, including futures and TBA securities[341]. - The company is exposed to foreign currency risk due to fluctuations in exchange rates affecting earnings and asset values, with potential hedging strategies considered[344]. - The risk management policies require continuous monitoring of risk exposure by senior traders and regular updates to senior management[337]. Regulatory and Compliance - The Dodd-Frank Act has imposed new regulatory requirements on swap dealers, which may increase operational costs for the company[309]. - The company is currently evaluating the impact of new accounting guidance on its consolidated financial statements, which is expected to be adopted in the first quarter of fiscal year 2022[333].

StoneX Group Inc. (NASDAQ:SNEX) Q3 2020 Earnings Conference Call August 7, 2020 9:00 AM ET Company Participants William Dunaway - Chief Financial Officer Sean OÂ'Connor - President and Chief Executive Officer Glenn Stevens - Chief Executive Officer, Gain Capital Holdings, Inc. Conference Call Participants Russell Mollen - Nine Ten Capital Management, LLC Raj Sharma - B. Riley FBR Inc. Operator Ladies and gentlemen, thank you for standing by, and welcome to the StoneX Group Inc. conference call. At this time ...

EARNINGS CALL 3RD QUARTER 2020 StoneX Group Inc. August 7, 2020 DISCLAIMER Forward-Looking Statements The following presentation should be taken in conjunction with the most recent financial statements and notes thereto as well as the most recent Annual Report on Form 10-K, subsequent Quarterly Reports on Form 10-Q and other reports filed with the SEC by StoneX Group Inc. (the "Company") and Gain Capital Holdings, Inc. ("Gain"). This presentation may contain "forward-looking statements" within the meaning o ...

INTL FCStone Inc. (INTL) Q2 2020 Results Conference Call May 7, 2020 9:00 AM ET Company Participants Bill Dunaway - CFO Sean O'Connor - CEO Conference Call Participants Justin Hughes - Philadelphia Financial Russell Mollen - Nine Ten Capital Paul Dwyer - Punch & Associates Operator Ladies and gentlemen, thank you for standing by, and welcome to the INTL FCStone Second Quarter Fiscal Year 2020 Conference. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will b ...

INTL FCStone® EARNINGS CALL 2ND QUARTER 2020 May 7, 2020 NASDAQ: INTL prodities · Global Payments · Foceins Exchange · Securities Disclaimer The following presentation should be taken in conjunction with the most recent financial statements and notes thereto as well as the most recent Form 10-Q or 10-K filed with the SEC. This presentation may contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These for ...