NEW YORK, Oct. 20 (Korea Bizwire) — 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 Singapore-based subsidiary, INTL FCStone Pte. Ltd., received its Capital Markets Services License from the Monetary Authority of Singapore and with it has significantly expanded its capabilities and key personnel in an effort to meet the increasing demand for commodity risk management services.
INTL FCStone Pte. Ltd. provides its Asia-based customers with access to global markets so they can effectively and efficiently hedge their commodity market risk via INTL FCStone’s diverse offering of financial services. The license covers the regulated activity of trading in futures contracts, including those related to the energy, metals and agricultural markets.
Peter Rizzo, Deputy Chief Executive Officer, Asia for the INTL FCStone Inc. group of companies, said, “Singapore is considered a global hub for the trading and broking of commodities given its proximity to key markets. This CMS license represents a critical step in our business development not just our business in Singapore, but also for all our business in Asia and around the world. We must thank the MAS for the opportunity the license represents.”
David Pike, Managing Director with INTL FCStone Pte. Ltd. in Singapore added, “We are growing our Asia operations from Singapore and this license gives us the ability to build on that growth. We have assembled a very talented team and can now expand the delivery and range of the products and services offered to our customers. The team’s expertise spans the entire range of commodities including energy, softs, agricultural, metals and tropical oils.”
About INTL FCStone Inc.
INTL FCStone Inc., including its subsidiaries, is a leader in the development of specialized financial services in commodities, securities, global payments, foreign exchange and other markets. Its revenues are derived primarily from financial products and advisory services that fulfill clients’ needs and provide bottom-line benefits to their businesses. INTL creates added value for clients by providing access to global financial markets using industry and financial expertise, deep partner and network relationships, insight and guidance, and integrity and transparency. INTL’s client-first approach engenders trust, and has enabled INTL to establish leadership positions in a number of complex fields in financial markets around the world.
Further information on INTL FCStone is available at www.intlfcstone.com.
CONTACT: INTL FCStone Inc.
Director of Public Relations
Source: INTL FCStone Inc. via GLOBE NEWSWIRE