INTL FCStone Inc. Announces Expanded Precious Metals Team
NEW YORK, April 11, 2013 (GLOBE NEWSWIRE) -- INTL FCStone Inc. (Nasdaq:INTL)
today announced that its subsidiary, INTL Hanley, LLC, expanded its precious
metal trading capabilities through the addition of Peter Thomas and Thomas
Garland as Senior Traders focusing on North American Precious Metals
Thomas and Garland join INTL Hanley, LLC from a Chicago-based metals firm
where they developed two electronic trading systems in the buying, selling,
hedging, storing, shipping and insuring of precious metals around the world.
The first of these two systems, now known as INTL Bullion Cart
(www.intlbullioncart.com), allows traders and dealers to acquire precious
metals via a convenient, web-based interface. INTL Tornado Precious Metals
Trading System (www.intltornado.com) is a trading system that allows traders
and dealers to hedge their price risk whether buying or selling.The
combination of these two services provide counterparties that qualify as
Eligible Contract Participants with an integrated solution for not only
managing their price risk but many aspects of their precious metals inventory
George Hanley, CEO of INTL Hanley, LLC, said, "Adding Peter and Thomas to the
team is a major step forward in helping our customers operate their businesses
as efficiently as possible.Their experience and expertise combined with the
technology they have developed will allow our customers to take advantage of
some of the most advanced tools available in the industry."
Jeffrey Rhodes, INTL FCStone's Global Head of Precious Metals, commented,
"Bringing together this team, their technology and the resources of INTL
FCStone Inc. provides our customers the unique ability to reduce box risk
exposure for smaller retailers around the world.Anyone with a PC or even a
smart phone can hedge their price risk exposure when buying or selling
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.
Commodity trading contains risk, and you should refrain from entering into any
OTC derivative transaction unless you have fully understood the terms and
risks of the transaction including the extent of your potential loss.In
evaluating the risk and contractual obligations associated with a particular
OTC derivative transaction, you should also consider that an OTC derivative
transaction may be modified or terminated only by mutual consent of the
original parties and subject to agreement on individually negotiated
terms.Accordingly, it may not be possible for you to modify, terminate or
offset your obligations or your exposure to the risk associated with a
transaction prior to its scheduled termination date.
OTC derivative transactions, like other financial transactions involve a
variety of significant risks.The specific risks of a particular OTC
derivative transaction depend on the terms of the transaction and your
circumstances.In general, however, all OTC derivative transactions involve
some combination of market risk, credit risk, funding risk and operational
risk.There may be other significant risk which you should consider based on
the terms of a specific transaction.Highly customized OTC derivative
transactions in particular may increase liquidity risk and introduce other
significant risk factors.Highly leveraged transactions may experience
substantial gains or losses in value as a result of relatively small changes
in value or level of an underlying or related market factor.
INTL Hanley, LLC and/or our affiliates may from time to time take proprietary
positions and/or make a market in instruments identical or economically
related to OTC derivative transactions entered into with you, or may have an
investment banking or other commercial relationship with and access to
information from the issuer(s) of securities, financial instruments or other
interests underlying OTC derivative transactions entered into with you.INTL
Hanley, LLC and/or our affiliates may choose to hedge their obligations by
entering into derivatives and/or trading in one or more instruments, such as
options, swaps or futures. The cost associated with such hedging activity
could affect the market value of or the price at which we would be willing to
enter into a transaction.Further, we may internalize order flow or route it
externally for execution.In the event that we choose to match orders
internally you should be aware of the fact that the amount of money we receive
is greater than if we executed the order externally.
INTL Hanley, LLC their affiliates make no representation, warranty or
guarantee as to, and shall not be responsible for the accuracy or completeness
of, this information and have no obligation to update any information provided
herein.Neither the information contained herein nor any opinion expressed
shall be construed as an offer to buy or sell any futures, options on futures
contracts, or OTC products.Any examples provided are strictly hypothetical
and no representation is being made that any person will or is likely to
achieve profits or losses similar to those examples.Nor do such examples
constitute a recommendation or take into account the particular investment
objectives, financial conditions or needs of any specific recipient; as such,
the derivative transactions detailed herein may not be suitable for all
investors.You are advised to undertake an independent review of the potential
legal, tax, regulatory and accounting implications of any derivatives
transaction to determine whether such structure would be suitable for your
particular situation and if necessary seek professional advice.
No representation or warranty, express or implied, is or will be made in
relation to, and no responsibility or liability is or will be accepted by INTL
Hanley, LLC or any of their respective officers, servants, agents, employees
or advisors as to or in relation to the accuracy or completeness of the press
release or any further written or oral information made available to the
recipient or its advisers.
The press release has been prepared solely for informational purposes for
those to whom it was distributed. The press release is not meant to be, nor
shall it be construed as, in any way an offer or commitment to enter into any
transaction or result in a binding obligation by INTL Hanley LLC or any of its
affiliates.Any opinions expressed herein are subject to change without
notice.Certain information in this press release has been made based on
information from third party sources that we believe are reliable, but we have
not independently verified any of this information.
Reproduction or use in any format without authorization is forbidden.All
CONTACT: INTL FCStone Inc.
Director of Public Relations
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