Platform closes in on 10 tons (or ~$400MM) in 3
months
LONDON and SINGAPORE,
June 5, 2017 /PRNewswire/
-- INTL FCStone Ltd today announced that its Precious Metals
Division's (the "Company") web-based physical gold trading
platform, PMXecute+ has traded nearly 10 tons of gold, representing
close to $400 million in value, since
its launch in late February 2017.
Barry Canham, global head of the
Precious Metals Division, commented on today's news, "We are proud
of the significant trading volumes that we have achieved with
PMXecute+ in the short time since its launch earlier this year.
I look forward to providing additional updates to the market
in terms of our volumes over the coming months."
The Company's focus since launch has been to ensure wider
liquidity on the platform, progressively increasing the number of
trading counterparties. With over 1500 locations and shipping
routes available and a diversified gold inventory, the platform can
be used as a strategic tool to reach a bigger market and identify
new opportunities through just one relationship. Efforts will
continue over the next few months to onboard more users and enrich
the PMXecute+ value proposition.
PMXecute+ Platform
The platform 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.
For more information on PMXecute+, please
visit http://www6.intlfcstone.com/pmxecuteplus/ or email us
at pmxecuteplus@intlfcstone.com.
About INTL FCStone Ltd
INTL FCStone Ltd ("IFL")
is a wholly owned subsidiary of INTL FCStone Inc. ("INTL"). IFL is
registered in England and
Wales (5616586). IFL is authorised
& regulated by the Financial Conduct Authority [FRN 446717].
INTL acts as Agent for IFL in New
York. INTL Asia Pte Ltd acts as agent for IFL in
Singapore. INTL FCStone
Inc., through its subsidiaries, is a leading provider of
financial-services execution, risk management, market intelligence,
and post-trade services across asset classes and markets around the
world.
A Fortune 500 company with a nearly 100-year track record, the
company focuses on providing products and services within the
commodities, securities, foreign exchange and global payments
sectors. INTL customers include the producers, processors and end
users of virtually every major traded commodity; commercial counter
parties; and governmental, nongovernmental and charitable
organizations. The company also serves institutional investors,
brokers, professional traders, CTA/CPOs, proprietary trading
groups, commercial banks and major investment banks. The company is
listed on the Nasdaq under the ticker symbol "INTL".
Further information on INTL FCStone is available
at www.intlfcstone.com.
Media Contact:
Jay A. Morakis
M Group Strategic Communications (for INTL FCStone Ltd)
+1 212 266 0191
jmorakis@mgroupsc.com
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