INTL FCStone 2005 Annual Report Download - page 11

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PART I
FORWARD LOOKING STATEMENTS
This Annual Report on Form 10-KSB contains “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
forward-looking statements involve known and unknown risks and uncertainties, many of which are beyond the
Company’s control, including adverse changes in economic, political and market conditions, losses from the
Company’s market-making and trading activities arising from counterparty failures and changes in market
conditions, the possible loss of key personnel, the impact of increasing competition, the impact of changes in
government regulation, the possibility of liabilities arising from violations of federal and state securities laws and
the impact of changes in technology in the securities, foreign exchange and commodities dealing and trading
industries. Although the Company believes that its forward-looking statements are based upon reasonable
assumptions regarding its business and future market conditions, there can be no assurances that the Company’s
actual results will not differ materially from any results expressed or implied by the Company’s forward-looking
statements. The Company undertakes no obligation to publicly update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise. Readers are cautioned that any forward-
looking statements are not guarantees of future performance.
ITEM 1. DESCRIPTION OF BUSINESS
Overview
International Assets Holding Corporation and its subsidiaries (the “Company”) form a financial services
group focused on select international markets. We commit our capital and expertise to market-making and
trading of financial instruments, currencies and commodities. The Company’s activities are currently divided into
four functional areas — international equities market-making, international debt capital markets, foreign
exchange/commodities trading and asset management.
The Company was formed in October 1987 and has four wholly-owned operating subsidiaries: INTL
Trading, Inc. (“INTL Trading”), a securities broker-dealer and member firm of the National Association of
Securities Dealers (“NASD”), INTL Global Currencies Limited (“INTL Global Currencies”), INTL
Commodities, Inc. (“INTL Commodities”) (operational from October 2005) and INTL Assets, Inc. (“INTL
Assets”). The Company also owns a 50.1% interest in INTL Consilium LLC, an investment advisory firm
(“INTL Consilium”).
The Company provides execution to customers from offices in New York, London and Florida in the
following products:
• unlisted American Depository Receipts (“ADRs”) and common shares of more than 8,000 companies
organized in over 20 countries
• more than 100 currencies
• debt securities of more than 500 sovereign and corporate issuers organized in over 30 countries
• physical commodities (base and precious metals) and over-the-counter (“OTC”) derivative products
The Company provides these services to a diverse group of wholesale customers including major investment
banks, commercial banks, brokers, institutional investors, corporations, charities and governmental organizations
throughout the world.
The Company’s internet address is www.intlassets.com. The Company’s annual reports on Form 10-KSB,
quarterly reports on Form 10-QSB, current reports on Form 8-K, statements of changes in beneficial ownership
and press releases are available in the Investor Relations section of this website. The Company’s website also
includes the Company’s Code of Ethics, which governs the Company’s directors, officers and employees, and
other information regarding the Company’s corporate governance.
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