NEW YORK, Oct 21 (Bernama-GLOBE NEWSWIRE) -- INTL FCStone Inc. (NASDAQ:INTL), a leader in the development of specialized financial services in commodities, securities, global payments, foreign exchange and other markets, today announced that its Singapore-based subsidiary, INTL FCStone Pte. Ltd., received its Capital Markets Services License from the Monetary Authority of Singapore and with it has significantly expanded its capabilities and key personnel in an effort to meet the increasing demand for commodity risk management services.
INTL FCStone Pte. Ltd. provides its Asia-based customers with access to global markets so they can effectively and efficiently hedge their commodity market risk via INTL FCStone's diverse offering of financial services. The license covers the regulated activity of trading in futures contracts, including those related to the energy, metals and agricultural markets.
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