INTL FCStone Joins FXGO

The firm is now an active liquidity provider on the multi-bank FX trading venue

INTL FCStone’s Foreign Exchange desk, the US broker’s London-based subsidiary, has joined Bloomberg’s FXGO, the company announced this week.

INTL FCStone specializes in cross-border payments in local currencies in the world’s most illiquid and exotic frontier markets.

The company is now an active liquidity provider on FXGO and able to offer added efficiencies for market participants conducting FX trading.

FXGO allows service providers to contribute executable pricing across a wide range of currencies. To meet the needs of corporate and institutional clients, it enables market participants to trade from a rich pool of liquidity available via their Bloomberg Terminal.

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FXGO, the multi-bank trading functionality inside the Bloomberg terminal, allows price takers to execute foreign exchange transactions with their bank relationships. It facilitates the execution of spot pricing and is included with a Bloomberg Terminal subscription.

FXGO users can now request access to INTL FCStone’s pricing via the {FXRE<GO>} directory on their Bloomberg Terminal.

“We are pleased to offer our services as a liquidity provider on FXGO and see market opportunity due to the global scope of Bloomberg and their multi-asset class of users connected to the platform. These users will now be able to leverage INTL FCStone’s expertise in efficiently pricing and executing FX transaction,” says Mike Wilkins, Head of FX Sales and Trading at the firm.

Wilkins spent almost seven years in his role at INTL FCStone. He previously worked at Sucden Financial, where he served in sales trading until 2011. At Sucden Financial, Wilkins was responsible for the expansion and pricing of the FX client flow business from EMEA and CIS.

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