Platform reaches figure just weeks after 10-ton mark reported
in June
LONDON and SINGAPORE,
Sept. 7, 2017 /PRNewswire/
-- INTL FCStone Ltd (the "Company") today announced that its
Precious Metals Division's web-based physical gold trading
platform, PMXecute+, has more than tripled the amount of gold
traded since it last reported figures in June.
Since its launch in February, 39 tons of gold – over 1.2 million
ounces representing in excess of $1.6
Billion in value – have been traded on the platform, more
than three times the 10-ton figure reported in June.
Barry Canham, CEO of INTL FCStone
Commodities DMCC and Global Head of the Precious Metals Division,
commented on today's news, "We are thrilled to report tremendous
growth for PMXecute+ and look forward to continued expansion within
the marketplace. PMXecute+ is proving to be a valuable resource for
gold traders and we look forward to the platform facilitating
greater opportunities for market participants over the long
term."
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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