INTL FCStone’s FXePrice platform to be expanded

INTL FCStone Inc. has announced that its London-based subsidiary, INTL FCStone Ltd’s Global Payments Division’s initial rollout of its FXePrice platform currently has 52 users in 17 institutions trading in 12 different exotic currencies on a 24 hour basis.

First Published by e-Forex News: March, 2019

Francois Beau Yon de Jonage
Francois Beau Yon de Jonage

INTL FCStone Inc. has announced that its London-based subsidiary, INTL FCStone Ltd’s Global Payments Division’s initial rollout of its FXePrice platform currently has 52 users in 17 institutions trading in 12 different exotic currencies on a 24 hour basis. In June 2018, the Company released its FXePrice platform to select members of its global network of more than 350+ correspondent banks, all of which are in emerging markets. Due to its success, the Company will be initiating a full rollout of the free platform to its entire network of counterparties this year. Francois Beau Yon de Jonage, SVP at INTL FCStone Ltd’s Global Payments Division, commented, “In emerging markets, the traditional methods of price discovery lack transparency and are often unreliable as price discovery via phone, email or messaging makes it difficult to accurately streamline local currency rates. Through our robust network, we are well-positioned to provide a single, innovative platform to local banks, and look forward to a full rollout to our global network this year.”