INTL FCStone – Supporting the Bullion Market’s Growth in AsiaFeature: INTL FCStone
Published on June 4, 2018
INTL FCStone’s established its Asia hub in Singapore in 2006, with the aim of adding value to the Asian precious metals market and connecting players in the region to global market opportunities. The company provides customers unrivalled support through funding, risk management, logistics, storage solutions, premier customer service, product offerings, and assistance developing innovative risk management solutions.
The company also offers clients electronic access to both margin and physical trading for precious metals including the opportunity to buy and sell bullion in non-USD currencies such as SGD and AUD via our online trading platform, PMXecute, or by calling the Singapore dealing desk.
INTL FCStone is also a Direct Participant of the London Gold Auction, a Direct Participant of the London Silver Auction, and a Market Maker for the Dubai Gold & Commodities Exchange (DGCX) sharia-compliant Spot Gold contract.
On the back of demand from the region, the company has expanded rapidly in the past decade – adding offices in Hong Kong, Shanghai, Beijing and Sydney – though Singapore remains its regional hub and is home to its key operational, logistics and risk management teams.
“We recognised early on the need to serve an expanding global customer base and had spotted gold’s migration from West to East. INTL FCStone has therefore enjoyed an exciting decade-plus of growth in Asia”, the company’s Head of Precious Metals – Asia, Martin Huxley, said.
“Asia’s precious metals market infrastructure, particularly in Singapore, has both expanded and improved, quite dramatically in recent times. This infrastructure supports a vibrant gold market that offers a range of spot trading capability or listed contracts and a sophisticated investing public interested in taking advantage of the benefits offered by investing in physical gold”, he added.
As Asian economies transition, combined with maturing High Net Worth Individuals market, as well as rapid growth in the emerging HNWI population, INTL is continuing to expand its activities in the wealth management sector.
Today, INTL FCStone’s precious metals team in Asia delivers market access to all of the key regional markets, and includes speakers of Vietnamese, Thai, Bahasa, Mandarin and Cantonese.
“We offer wealth managers and their HNW clients high-quality standards as well as financial stability. As well as opening doors to HNWIs we have been expanding our connections to the wealth management industry. The rise of Asian economic might and the region’s vast growth potential all add up to an excellent opportunity”, Huxley said.
INTL FCStone provides its clients with quick and convenient electronic access to the global precious metals markets via two proprietary trading platforms: PMXecute® (margin trading platform) and PMXecute+® (web-based physical gold trading platform). Both deliver trading experiences that are simple, reliable, intuitive and secure.
PMXecute+® is world’s first premium-based platform connecting consumers and suppliers of physical gold. This online platform brings transparency in buying physical gold, allowing clients to select a location, to view exactly what is on offer in all locations, choose the brand, and select the product. Up to Q1 2018, the platform has connected over one hundred accounts with accredited refineries and active traders.
PMXecute® is INTL’s electronic trading platform providing clients with real-time competitive pricing in both precious metals and foreign exchange. It offers live position analytics and easily accessible margin monitoring are easily accessible. Clients have access to liquidity across all time zones, virtually 24 hours a day with order functionality that can be tracked and viewed in real-time.
In June 2018, PMXecute® will be available on mobile with an easy-to-use app, giving customers unrivalled access to markets wherever they are.
“INTL believes that modern technology should provide customers with free, direct and real-time access to precious metals across the globe, including products offered through our global network of supply partners. Our technology and online platforms can automate and accelerate interaction with customers, improving market access, transparency and efficiency”, Mr Huxley said.
* This article was published in partnership with INTL FCStone
Back to Index