INTL FCStone Announces Formation of ECOS Division of FCStone, LLC
NEW YORK, Dec. 20, 2012 (GLOBE NEWSWIRE) -- INTL FCStone Inc. (Nasdaq:INTL)
today announced the formation of its ECOS (East Coast Options Services)
Division of FCStone, LLC; a soft commodities futures and options execution
service made up of the core team of brokers from the former East Coast Options
Pete Nessler, CEO of FCStone, LLC, a wholly owned subsidiary of INTL FCStone,
Inc., said, "We have been working with ECOS for more than 15 years, and
incorporating their business into INTL FCStone provides our customers with a
set of services for which we have been relying on outside resources.We're
thrilled by the business this team is bringing to INTL FCStone and the
opportunities represented by the creation of this division."
Oscar Schaps, FCStone, LLC's Global Head of Soft Commodities, added, "The team
from East Coast Options Services, Inc. brings a tremendous amount of
experience and expertise in the soft commodities space to INTL FCStone.We
look forward to introducing our customers to the professionals at ECOS, and
introducing ECOS' customers to the full scope of financial services offered by
About INTL FCStone Inc.
INTL FCStone Inc. (INTL) provides execution and advisory services in
commodities, currencies and international securities. INTL's businesses, which
include the commodities advisory and transaction execution firm FCStone Group,
serve more than 20,000 commercial customers in more than 100 countries through
a network of offices in twelve countries around the world.
Further information on INTL is available at www.intlfcstone.com.
CONTACT: INTL FCStone Inc.
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