INTL FCStone to Acquire Up to 90% of Equity Interest of Cleartrade Exchange

INTL FCStone Inc. INTL, a provider of execution and advisory services in commodities, currencies and international securities, today announced that it has agreed with Cleartrade Exchange (CLTX) to acquire immediate voting control and the right to acquire up to 90% of equity interest over a five-year period. Completion of this transaction is subject to final stages of due diligence and fulfillment of certain conditions. CLTX is a regulated futures market, providing an electronic global marketplace for commodity futures and OTC cleared derivatives. It is a Recognised Market Operator (RMO) regulated by the Monetary Authority of Singapore (MAS). The company provides traders, brokers and hedge funds with an electronic orderbook and block trade facility, trade processing, reporting and straight through processing to multiple clearing houses. "CLTX has rapidly succeeded in becoming an important execution venue for commodity derivatives. We are very impressed with their technical, operational and regulatory implementations undertaken to meet the demands of the changes in global derivatives regulations driven by Dodd-Frank and other G20 mandates. We are looking to leverage our broad global customer base, focused on commercial hedgers, and our expertise in commodities to support the expansion of See full press release