NEW YORK, April 11, 2013 (GLOBE NEWSWIRE) -- INTL FCStone Inc. (Nasdaq:INTL) today announced that its subsidiary, INTL Hanley, LLC, expanded its precious metal trading capabilities through the addition of Peter Thomas and Thomas Garland as Senior Traders focusing on North American Precious Metals operations. Thomas and Garland join INTL Hanley, LLC from a Chicago-based metals firm where they developed two electronic trading systems in the buying, selling, hedging, storing, shipping and insuring of precious metals around the world. The first of these two systems, now known as INTL Bullion Cart ( www.intlbullioncart.com), allows traders and dealers to acquire precious metals via a convenient, web-based interface. INTL Tornado Precious Metals Trading System ( www.intltornado.com) is a trading system that allows traders and dealers to hedge their price risk whether buying or selling. The combination of these two services provide counterparties that qualify as Eligible Contract Participants with an integrated solution for not only managing their price risk but many aspects of their precious metals inventory management needs. George Hanley, CEO of INTL Hanley, LLC, said, "Adding Peter and Thomas to the team is a major step forward in helping our customers operate their businesses as efficiently as possible. Their experience and expertise combined with the technology they have developed will allow our customers to take advantage of some of the most advanced tools available in the industry." Jeffrey Rhodes, INTL FCStone's Global Head of Precious Metals, commented, "Bringing together this team, their technology and the resources of INTL FCStone Inc. provides our customers the unique ability to reduce box risk exposure for smaller retailers around the world. Anyone with a PC or even a smart phone can hedge their price risk exposure when buying or selling precious metals."
About INTL FCStone Inc.INTL FCStone Inc. (INTL) provides execution and advisory services in commodities, currencies and international securities. INTL's businesses, which include the commodities advisory and transaction execution firm FCStone Group, serve more than 20,000 commercial customers in more than 100 countries through a network of offices in twelve countries around the world. Further information on INTL is available at www.intlfcstone.com. Commodity trading contains risk, and you should refrain from entering into any OTC derivative transaction unless you have fully understood the terms and risks of the transaction including the extent of your potential loss. In evaluating the risk and contractual obligations associated with a particular OTC derivative transaction, you should also consider that an OTC derivative transaction may be modified or terminated only by mutual consent of the original parties and subject to agreement on individually negotiated terms. Accordingly, it may not be possible for you to modify, terminate or offset your obligations or your exposure to the risk associated with a transaction prior to its scheduled termination date. OTC derivative transactions, like other financial transactions involve a variety of significant risks. The specific risks of a particular OTC derivative transaction depend on the terms of the transaction and your circumstances. In general, however, all OTC derivative transactions involve some combination of market risk, credit risk, funding risk and operational risk. There may be other significant risk which you should consider based on the terms of a specific transaction. Highly customized OTC derivative transactions in particular may increase liquidity risk and introduce other significant risk factors. Highly leveraged transactions may experience substantial gains or losses in value as a result of relatively small changes in value or level of an underlying or related market factor. INTL Hanley, LLC and/or our affiliates may from time to time take proprietary positions and/or make a market in instruments identical or economically related to OTC derivative transactions entered into with you, or may have an investment banking or other commercial relationship with and access to information from the issuer(s) of securities, financial instruments or other interests underlying OTC derivative transactions entered into with you. INTL Hanley, LLC and/or our affiliates may choose to hedge their obligations by entering into derivatives and/or trading in one or more instruments, such as options, swaps or futures. The cost associated with such hedging activity could affect the market value of or the price at which we would be willing to enter into a transaction. Further, we may internalize order flow or route it externally for execution. In the event that we choose to match orders internally you should be aware of the fact that the amount of money we receive is greater than if we executed the order externally.
INTL Hanley, LLC their affiliates make no representation, warranty or guarantee as to, and shall not be responsible for the accuracy or completeness of, this information and have no obligation to update any information provided herein. Neither the information contained herein nor any opinion expressed shall be construed as an offer to buy or sell any futures, options on futures contracts, or OTC products. Any examples provided are strictly hypothetical and no representation is being made that any person will or is likely to achieve profits or losses similar to those examples. Nor do such examples constitute a recommendation or take into account the particular investment objectives, financial conditions or needs of any specific recipient; as such, the derivative transactions detailed herein may not be suitable for all investors. You are advised to undertake an independent review of the potential legal, tax, regulatory and accounting implications of any derivatives transaction to determine whether such structure would be suitable for your particular situation and if necessary seek professional advice.No representation or warranty, express or implied, is or will be made in relation to, and no responsibility or liability is or will be accepted by INTL Hanley, LLC or any of their respective officers, servants, agents, employees or advisors as to or in relation to the accuracy or completeness of the press release or any further written or oral information made available to the recipient or its advisers. The press release has been prepared solely for informational purposes for those to whom it was distributed. The press release is not meant to be, nor shall it be construed as, in any way an offer or commitment to enter into any transaction or result in a binding obligation by INTL Hanley LLC or any of its affiliates. Any opinions expressed herein are subject to change without notice. Certain information in this press release has been made based on information from third party sources that we believe are reliable, but we have not independently verified any of this information.
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