LONDON, Oct. 9, 2017 /PRNewswire/ -- INTL FCStone
Inc. (NASDAQ: INTL) today announced that its London-based subsidiary, INTL FCStone Ltd's
Global Payments Division ("the Company") offers indicative exchange
rates, viewable in real-time for more than 175 currencies through
its proprietary Global Payments Network, which is specifically
enhanced for corporate clients. Through its Rate Feed, INTL
FCStone is the only company to offer accurate indicative foreign
exchange rates for such a high number of currencies, particularly
for the 90+ exotic currencies in developing world countries where
sending funds is increasingly difficult.
The Rate Feed enables customers to instantaneously establish an
accurate indication of the cost of a cross-border transaction,
valuing the transaction or foreign currency holding in various
currencies in real-time. Separately, INTL FCStone Ltd's
global payment service allows customers to execute and manage
orders in real-time, and to view the status of their payments
through the Company's FXecute portal, designed specifically for
clients' payment needs. FXecute is INTL FCStone Ltd's
proprietary global payments platform that provides clients with a
one-stop solution for making payments in more than 175 currencies,
which includes the world's roughly 90 exotic currencies used in the
developing world. The platform guarantees payment execution
in local currency to the majority of countries within two business
days.
Carsten Hils, Global Head
of INTL FCStone Ltd's Global Payments Division, commented
on today's news, "We have been a pioneer in providing cross-border
payments solutions for more than two decades, and the offering of
indicative rates through our Rate Feed and FXecute platforms
further solidifies our industry leadership position. Our
innovative solutions allow our clients to avoid the substantial
risks associated with sending funds around the world, particularly
in developing world countries, and the Rate Feed functionality
offers indicative exchange rates that are complementary to the
payments process."
INTL FCStone Ltd's Global Payments Division sources the rates
that it provides to customers via its in-country relationships and
intelligence in global markets, specifically its network of
approximately 300 correspondent banks worldwide. This
information is therefore uniquely accurate and up-to-date, and the
Company provides its clients with these indicative rates seamlessly
through its Global Payments Network, a proprietary cross-border
payments intelligence portal to which all customers have
access. This critical intelligence is unmatched in the scope
of exotic markets and currencies that it covers, for which
information is often difficult to ascertain from other sources.
Hils concluded, "The Global Payments Division specializes in
transferring funds to the developing world, and this would not be
possible without the critical intelligence sourced from our trusted
global partners. The Global Payments Network provides our
clients with all of this information through a single,
comprehensive portal that is integrated with FXecute and Rate Feed.
We are proud to bring efficiency and security to the payments
process through this suite of technology solutions, as well as
through our local market relationships around the globe."
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. Any individual security mentioned in this
presentation is subject to the following disclosure: This
information is not meant to be viewed as analysis or opinion of any
security. This information should not be taken as an offer or as a
solicitation of an offer for the purchase or sale of any security
or other financial instruments or as a recommendation to engage in
any trading strategy. INTL FCStone Financial Inc. may
have long or short positions in securities or related issues
mentioned here.
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.
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
INTL-G
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SOURCE INTL FCStone Inc.