Company Profile For International Assets Holding Corporation

International Assets Holding Corporation (IAAC.O) (Consolidated Issue listed on NASDAQ Global Market)

sector: Financials · industry: Investment Services ·

As of 24 Nov 2009

17.42USD

Price Change

-0.21

Percent Change

-1.19%

Analyst Recommendations

Overview

International Assets Holding Corporation and its subsidiaries form a financial services group focused on select international markets. The Company commits its capital and capability to market-making and trading of financial instruments, currencies and commodities, and to asset management. Its activities are divided into five functional areas: international equities market-making, international debt capital markets, foreign exchange trading, commodities trading and asset management. In April 2009, the Company acquired Companyia Inversora Bursatil Sociedad de Bolsa (CIBSA), an Argentine securities broker dealer. In October 2009, International Assets Holding Corp. announced the completion of the merger of International Assets and FCStone Group, Inc.

Quick Financial Synopsis

BRIEF: For the nine months ended 30 June 2009, International Assets Holding Corporation's revenues totaled $33.60B, up from $11.41B. Net income from continuing operation decreased 54% to $11.6M. Revenues reflect an increase in sales of physical commodities and higher revenue from other income fees. Net income was offset by a significant increase in cost of sales of physical commodities and higher clearing and related expenses.