INTL FCStone Launches Exchange-Traded Products in Canada

INTL FCStone Inc., a global brokerage and financial services firm, announced this Tuesday that its Canadian subsidiary INTL FCStone Financial (Canada) Inc. has become a member of the Investment Industry Regulatory Organization of Canada (IIROC).

The membership, which was effective from May 17, 2019, allows INTL to provide exchange-traded financial products throughout the Canadian Provinces, the statement released today said.

Now, INTL FCStone offers a range of services in Canada. This includes financial futures clearing and execution, over-the-counter (OTC) execution and commodity Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term planning.

Additionally, the firm also provides market intelligence for a number of assets, including foreign exchange (Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term), agriculture, energy, metals, interest rates, and global payment services.

INTL’s Canadian unit is headquartered in major Candian city Toronto, with a second office in Montreal. The offices cater to English, French, and Spanish speaking customers.

Commenting on the announcement, Ernesto Rambaldini, the Chief Executive Officer of INTL FCStone Financial (Canada) Inc., said: "We are already reaching over one million acres of farmland in Western Canada through our Know-Risk™ Crop Marketing services in conjunction with our strategic partner Decisive Farming.

“We also have a significant footprint providing commercial grain companies with various hedging services. This new membership will allow us to provide a more holistic offering to these agricultural producers as well as other commercial players in need of risk management tools. Additionally, our services will cater to institutional investors which include pension funds, hedge funds, index funds, and CTAs looking for exposure in the commodity space."

INTL FCStone Launches Multi-Asset Prime Brokerage

Today’s announcement follows INTL FCStone revealing in April that it is launching a brand new prime brokerage division. As Finance Magnates reported, the new subsidiary is named INTL FCStone Financial and it is not going to limit its operations to a single asset class.

The financial firm’s new offering encompasses trading in the US and global equities, options, futures, FX, and fixed income. With a full multi-asset solution, the company aims to gain market share in a space that used to be dominated by major investment banks.