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INTL FCStone acquires GMP Capital's US-based fixed income trading business

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INTL FCStone acquires GMP Capital's US-based fixed income trading business

INTL FCStone Inc. on Jan. 15 said that it received regulatory approval and completed the acquisition of U.S.-based broker/dealer GMP Securities LLC and its U.S.-based parent company from GMP International Holdings Corp., a wholly owned indirect unit of Canada-based GMP Capital Inc.

GMP Securities is GMP Capital's New York-based institutional fixed income trading business.