Navigate this market better. Subscribe for FREE stock alerts and information.

Thursday, April 11, 2013

INTL FCStone adds Thomas, Garland to precious metals team, (NASDAQ: INTL)

U.S. commodities brokerage INTL FCStone Inc said on Thursday its INTL Hanley unit has expanded its precious metals team by adding Peter Thomas and Thomas Garland as senior traders focusing on its North American precious metals trading business. Thomas and Garland are joining INTL Hanley from a Chicago-based metals firm, where they developed two precious metals electronic trading systems, the firm said in a statement.The two systems are INTL Bullion Cart, which allows traders to acquire precious metals via a web-based interface, and INTL Tornado Precious Metals Trading System, which traders can use to hedge their price risk.INTL Hanley is a proprietary option market-making firm. In 2010, INTL FCStone acquired Hanley Group Ltd to become INTL Hanley.

INTL FCStone Inc. (INTL) provides risk management advisory services to mid-sized commercial customers. Shares of INTL traded higher by 0.52% or $0.09/share to $17.31. In the past year, the shares have traded as low as $16.45 and as high as $22.66. On average, 42608 shares of INTL exchange hands on a given day and today's volume is recorded at 20984.



Source