INTL FCStone Inc. Launches World's First Web-Based Gold Trading Platform
(Thomson Reuters ONE) -
NEW YORK, Feb. 27, 2017 (GLOBE NEWSWIRE) -- INTL FCStone Inc. (NASDAQ:INTL), a
leader in the development of specialized financial services in commodities,
securities, global payments, foreign exchange and other markets, today announced
that its London-based subsidiary, INTL FCStone Ltd, Precious Metals' division is
delivering unprecedented global market access to gold trading around the world
with the launch of their premium-based, physical trading platform, PMXecute+.
PMXecute+ allows customers access to INTL's entire global inventory and network
of trusted supply partners - helping customers find the best offers 24 hours a
day, seven days a week. Customers who do not see offers meeting their specific
requirements (regarding quantity, specification or location) can use the
platform's Request for Quote function, which notifies all relevant suppliers
around the world. Suppliers can anonymously create firm or indicative offers
(premium, location, expiry date) on the platform for all customers to view and,
if they like what they see, trade on, thus seamlessly securing gold at a premium
and a location they want. The platform even allows for shipping to be added, if
the customer requires.
To use the platform, the only KYC / on-boarding required is between the buyer
and INTL, and between the seller and INTL, given that INTL will be principal to
all transactions booked on the platform. Buyers and sellers do not need to
exchange onboarding documentation with each other. The automated workflow and
full audit trail creates efficient execution - including optimising freight cost
and time.
"We developed PMXecute+ to become the physical platform of choice for the global
bullion market," says Barry Canham, Global Head of Precious Metals. "We are
simply automating our interaction with our customers - improving market access
and efficiency - through one platform, one unparalleled network and one trusted
partner."
For more information, please visit www.intlfcstone.com/pmxecuteplus, email us
at pmxecuteplus(at)intlfcstone.com.
About INTL FCStone Inc.
INTL FCStone Inc., through its subsidiaries, is a leading provider of execution,
risk management and advisory services, market intelligence, and clearing
services across asset classes and markets around the world. Serving more than
20,000 customers in 130 countries on five continents, the company provides
products and services across five market segments: commercial hedging, global
payments, securities, physical commodities, and clearing and execution services.
Our customers include the producers, processors and end users of virtually every
major traded commodity, as well as asset managers, introducing broker-dealers,
insurance companies, brokers, institutional and retail investors, commercial and
investment banks, and governmental, non-governmental and charitable
organizations. A Fortune 500 company headquartered in New York City, the company
is listed on the NASDAQ under the ticker symbol "INTL". INTL FCStone Ltd, a
wholly owned subsidiary of INTL FCStone Inc., is authorized & Regulated by the
UK Financial Conduct Authority.
Further information on INTL FCStone is available at www.intlfcstone.com.
CONTACT:
INTL FCStone Inc.
Kent Coughlin
Director of Public Relations
+615-234-2756
kent.coughlin(at)intlfcstone.com
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: INTL FCStone Inc. via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 27.02.2017 - 18:26 Uhr
Sprache: Deutsch
News-ID 526834
Anzahl Zeichen: 4079
contact information:
Town:
New York
Kategorie:
Business News
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