FC Stone reported strengthening record returns for the second quarter of the year, despite earlier concern on the company’s potential performance in the fallout and aftermath of MF Global.
Chicago-based FCM reported a 154.3% increase in its net income for the three-month period ending February 29 as it rose to $17.8m from $7m in the equivalent time period a year earlier. For the combined six months of the year net income stood at $30.9m compared to...