INTL FCStone has begun trading NDFs on Integral’s BankFX Platform – the firm says NDFs were added in order to meet growing client demand and will be supported by Integral’s new streaming NDF workflow, along with its established Request for Stream functionality. Initially, the firm will support the Brazilian real (BRL), the Chilean peso (CLP), […]
Tag: INTL FC Stone
INTL FC Stone
It has been a hectic week for Gain Capital, with, just days after 71.2% of its shareholders agreed to the terms of the takeover by INTL FC Stone, the being hit by the US Commodity Futures Trading Commission (CFTC) over client onboarding irregularities at its UK arm. Just over 85% of the votes cast at […]
INTL FCStone says its London FX desk is now a liquidity provider on Bloomberg’s FX electronic trading platform, FXGO. Joining the FXGO platform enables the firm to offer added efficiencies for market participants conducting FX trading, it says. Bloomberg’s FXGO allows service providers to contribute executable pricing across a wide range of currencies via the […]
INTL FCStone has entered into a definitive agreement to acquire Gain Capital Holdings for $6 per share or $236 million. The deal has been approved by the board of directors of both companies. As part of the transaction, FC Stone intends to make an offer at closing to repurchase Gain’s $92 million convertible notes due 2022. Gain’s $60 million convertible notes […]
The Global Payments Division of INTL FCStone’s London based subsidiary, IFL, has introduced FXePrice, a proprietary Web-based platform allowing IFL local currency liquidity providers to streamline executable prices to 140 currencies and 175 countries, according to the firm.
The company says it has released the platform to select members of its global network of more than 300 correspondent banks, to obtain feedback and incorporate recommendations. A full roll out to its entire network of counterparties is planned for later in 2018.