London, 11 May 2011: INTL FCStone Inc., a Fortune 500 company and provider of execution, clearing and advisory services, has selected SDX from SuperDerivatives (SD), the derivatives benchmark and multi-asset front office system, to improve its ability to price and structure complex precious and base metals derivatives for customers.

“We provide OTC derivatives trade execution and hedging services across the full range of precious and base metals for both producers and consumers,” said Michael Weissman, Managing Director of OTC Metals at INTL FCStone.

“We structure bespoke derivatives contracts to help these customers effectively manage their exposure and enhance profitability, so it is absolutely essential that we are able to price these instruments accurately.”

INTL FCStone has deployed SDX, the market’s benchmark solution for commodities derivatives. The platform offers real-time, independent pricing, analytics, post-trade deal management tools, risk and performance reports for the widest range of commodity derivatives.

“With SDX we now have a single system that allows us to plan a strategy and run an independent price check in real-time before executing a deal. The platform’s ability to generate term sheets helps us to convey the benefits of the proposed strategies effectively to our customers. Their hedging capabilities have already seen significant improvements,” continued Weissman.

Sean Carnahan, Head of Commodities and Energy at SD, comments: “SDX has given the team at INTL FCStone the tools and comprehensive market data to effectively manage market and operational risk in their customers’ precious metals portfolios, on one platform with minimum time to market and cost of maintenance.  

“We are pleased to welcome INTL Hanley to the growing list of commodity traders, marketers, hedgers, corporates, financial institutions and hedge funds that benefit from our comprehensive commodity trading and risk management tools.”

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About SuperDerivatives
SD is transforming the world of derivatives by introducing transparency to all major traded derivative classes including foreign currency, interest rates, equities, commodities, energy and credit. Providing prices that reflect the interdealer market has led the company’s web-based, market-calibrated solutions to be widely accepted as the benchmark for derivatives pricing. 

Trading professionals on both the buy and sell side benefit daily from SD’s unique combination of unbiased, aggregated market data and sophisticated modelling techniques. The company also provides fully-fledged risk management solutions, award winning derivatives data and independent portfolio revaluation services.

At the core of all the company’s solutions is SD’s extensively sourced and intelligently amalgamated market data, comprising true live market rates that are acid tested in real-time in the marketplace by active traders and run through a proven pricing model.

SD customers include leading banks, hedge funds, asset managers, custodians and hedge fund administrators in more than 60 countries, supported by a global network of SD offices with 24-hour support services.

www.sdgm.com

 

About INTL FCStone Inc.
INTL FCStone Inc. is a Fortune 500 company, providing customers across the globe with execution and advisory services in commodities, capital markets, currencies, asset management and more.

INTL FCStone’s customers include the producers, processors and end users of virtually every major traded commodity; commercial counter-parties; governmental, non-governmental and charitable organizations; institutional investors; brokers; professional traders; commercial banks; and major investment banks.

We offer these customers a comprehensive array of products and services, including our proprietary Integrated Risk Management Program (IRMP), as well as exchange and OTC execution and clearing services, designed to limit risk and enhance margins and bottom-line results; physical trading in base metals, precious metals and grains; a global foreign exchange and currency payment service; asset management; equities market-making; securities execution and trading; and investment banking advisory services.

www.intlfcstone.com

 

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