INTL FCStone Acquires IFCM Commodities GmbH

The acquisition was completed on January 2, 2020.

There’s been yet another acquisition carried out by INTL FCStone Inc., with the company announcing this Monday that it has acquired IFCM Commodities, GmbH, a company based in Germany.

INTL FCStone is a financial services organization and operator of multi-asset prime brokerage INTL FCStone Financial. According to the statement released by the company today, the acquisition closed on January 2 this year.

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IFCM Commodities has been working closely with the financial organization for quite some time. In fact, the German-based company has been acting as the Tied Agent for the financial services company’s Metals Division since 2011, serving clients in Germany and continental Europe.

Commenting on the acquisition, Barry Canham, Global Head of Metals at INTL FCStone, said: “After nearly a decade of working together with INTL FCStone’s Metals Team as a strategic partner handling their German client base and trade flows, we look forward to making our partnership with IFCM Commodities official.”

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“This is a critical step in our overall strategy to prepare our business lines for any potential disruption due to upcoming regulatory changes that will impact Europe.”

The commodities broker specializes in providing commodity price risk management solutions for base metals across continental Europe. The acquisition of the broker is part of INTL’s strategic plan to expand its footprint across Germany and continental Europe in general, so it can service its clients post-Brexit.

“It’s exciting to officially formalize our strategic partnership with INTL FCStone combining our teams and complementary capabilities under one roof,” added Ramon Martul-Franco, CEO of IFCM Commodities GmbH. 

“We will use our local expertise along with the resources and credibility of INTL FCStone in order to establish a strong foothold to continue providing our clients in the region with excellent service.”

INTL FCStone continues acquisition spree

The financial services company has acquired numerous companies in recent months. As Finance Magnates reported, the company recently announced in December that it would add the brokerage businesses of Tellimer Group to its repertoire. The firm has also acquired futures and options brokerage and clearing business of UOB Bullion and Futures Limited, among others.

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