INTL FCStone Ltd Appointed by Bank of America Merrill Lynch to Broaden FX Payments Capabilities
NEW YORK, Sept. 8, 2015 (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 London-based subsidiary, INTL FCStone Ltd.'s (IFL) Global Payments division, will provide Bank of America Merrill Lynch with international payments coverage and third-party delivery services in more than 70 exotic currencies via its network of over 300 correspondent banks around the globe.
Mike Robertson, Global Head of Transactional FX Trading, Bank of America Merrill Lynch, said, "We are constantly looking for ways to improve efficiencies for our customers. This agreement provides them with an integrated platform that streamlines the payments process in emerging market currencies and capitalizes on IFL's well-recognized expertise in these markets."
Gregory Vincent, Head of FX Payments (EMEA), commented, "IFL is a dedicated specialist helping to set best-practice standards for the industry. We're thrilled to partner with Bank of America Merrill Lynch to enhance the value to customers by providing access to emerging market currencies and a platform for efficient execution of payments."
About INTL FCStone Inc.
INTL FCStone Inc. (INTL), including its subsidiaries, is a leader in the development of specialized financial services in commodities, securities, global payments, foreign exchange and other markets. Its revenues are derived primarily from financial products and advisory services that fulfill clients' needs and provide bottom-line benefits to their businesses. INTL creates added value for clients by providing access to global financial markets using industry and financial expertise, deep partner and network relationships, insight and guidance, and integrity and transparency. INTL's client-first approach engenders trust, and has enabled INTL to establish leadership positions in a number of complex fields in financial markets around the world.
Further information on INTL FCStone Inc. is available at www.intlfcstone.com.
CONTACT: INTL FCStone Inc.
Kent Coughlin
Director of Public Relations
+615-234-2756
kent.coughlin@intlfcstone.com