The Foreign Exchange Professionals Association (FXPA) has announced INTL FCStone as the newest Supporting Member of the FX trade group, bringing the total number of institutional members to 25.
Edgar Ramon, global head of foreign exchange at INTL FCStone Markets, says: “We are proud to now be an FXPA member firm and to join with other members in education, research, and advocacy initiatives for the foreign exchange industry. As the first non-bank swap dealer, we are intimately familiar with the constantly changing FX landscape, and will leverage our significant knowledge to further the FXPA’s goal of advancing a sound global currency market. Specifically, we look forward to bringing to bear for the FXPA our substantial expertise in the middle-market, and to promoting discussion on critical industry issues between a variety of market participants including legislators, regulators and central banks.”
“We are happy to welcome INTL FCStone as a Supporting Member within the non-bank market maker/principal trader category of membership,” says an FXPA spokesperson. “FXPA members comprise the full spectrum of the FX industry – from banks and non-banks to pension funds, corporates and CTAs, to exchanges, clearing houses and those that provide the vital industry infrastructure.”