INTL FCStone Taps ATEO’s Derivatives and Clearing Solutions

TEO Derivatives allows traders to capture their executions from multiple market places and execution platforms

INTL FCStone Inc. (NASDAQ:INTL), a provider of diversified financial services across several asset classes and markets, has selected ATEO’s suite of products as its future middle-office platform.

After rolling out TEO Derivatives and LISA Clearing Engine solutions across its US and London-based FCM operations, INTL FCStone is now achieving additional operational efficiencies including the ability to manage sophisticated requirements, new exchange offerings, and evolving regulatory developments.

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Specifically, TEO Derivatives allows traders to capture their executions from multiple marketplaces and execution platforms. It also allows them to aggregate and allocate their trades, send real-time confirmations to end-clients, and feed downstream systems.

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In turn, LISA Clearing Engine is a matching and allocation system which provides allocation algorithms, coverage of several operational requirements, monitoring and audit trail, integration with all third-party systems.

INTL FCStone Financial serves institutional clients, by providing them with access to blue chip international securities and ADRs. During 2017 alone, the company was attributed a combined $29 billion in OTC trading, which accounted for 15 percent of all OTC value reported.

Jose Lopez, ATEO’s Director, commented: “We are extremely pleased to confirm that INTL FCStone has picked ATEO Finance as its future middle-office platform provider. As usual, in a very competitive environment, I believe the range of our products, as well as our capacity to partner with our clients made the difference. We are very pleased to welcome INTL FCStone as a new ATEO Finance customer. With ADM Investor Services, RJ O’Brien and now INTL FCStone, ATEO Finance serves 3 out of the 5 independent US brokers and 4 out of the 9 CAT1 firms on LME. This is a major milestone and clearly establishes ATEO Finance as a true alternative in the ETD middle-office space, at a time where numerous changes are happening in that space.”

Tim Mundt, INTL FCStone Inc.’s Global Head of Derivative Operations, added: “ATEO will enable us to more efficiently meet the needs of our customers and realize our goals for growth with a scalable solution to support our middle office operations.  We appreciate ATEO’s ability to understand our requirements and craft a solution to meet our needs.”

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