INTL FCStone's Metals Team Continues to Garner Recognition
NEW YORK, Feb. 18, 2016 (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 metals analyst Edward Meir ranked first for his overall 2015 base metals price predictions in Metal Bulletin's 2015 analysts review. Meir held the number one ranking in Q1 and Q3 of 2015 and was ranked second in Q2. Additionally, INTL FCStone's Spencer Johnson ranked fourth as an iron ore analyst.
Each analyst/firm provides the latest forecasts for each metal at the beginning of each quarter. At the end of the quarter, a definitive ranking of accuracy in the forecasts is calculated and published. The overall ranking is based on the average variance across all forecasts received.
Since Q1 of 2013, Meir has been ranked as one of the top five analysts in both precious and base metals, more times than any other analyst. Meir was voted as the most accurate price forecaster for base metals in 2011 and 2014 and came in second for 2013. Meir is currently exclusively retained by the FCM Division of INTL FCStone Financial Inc. as a senior commodity independent consultant for base and precious metals, having provided similar services to MF Global until 2011. Meir started his career at Drexel Burnham Lambert working with Fred Demler, the Global Head of Metals and Institutional Futures for the FCM Division of INTL FCStone Financial Inc.
INTL FCStone's metals team was also recognized as part of the 2015 Commodities Now's Commodity Business Awards for demonstrating excellence in commodity trading, risk management and portfolio management for industrial metals. INTL FCStone was ranked first in industrial metals; this is the fourth year in a row that INTL FCStone's LME Team took first place. 15,000 industry professionals voted during the month of October on the Commodities Business Awards website. The awards banquet, hosted by Commodities Now, was held in London in November 2015.
"The metals team, individually and corporately, continues to distinguish itself in the industry," Demler stated. "We have worked very hard to put together a team of professionals ready to meet the needs of our customers. INTL FCStone's experience and expertise combine to provide them with a platform designed to meet their trading, risk management and portfolio management needs."
About INTL FCStone's Global Metals Team
INTL FCStone Inc.'s Global Metals team opens markets for our commercial and institutional customers, including producers, processors, consumers, merchants, banks, CTAs and hedge funds, by providing access to an extensive global pool of liquidity and trading opportunities and through our membership in the primary metal trading exchanges around the world including the London Metal Exchange, as a category 1 ring-dealing member, and NYMEX/COMEX as well as our OTC capabilities.
With core offices in London, New York and Hong Kong, and our support/partner offices in Brazil, Europe (Germany, Spain, Italy, Switzerland, and Poland), the Middle East (India), and the Far East (South Korea and Australia), we provide 24-hour access to base and precious metals and steel markets. Members of our 100+ team are consistently recognized by the industry for their expertise in the markets and the team as a whole is regarded as one of the best in the world.
About INTL FCStone Inc.
INTL FCStone Inc., including its subsidiaries, is a leader in the development of specialized financial services in commodities, securities, global payments, foreign exchange and other markets. Our revenues are derived primarily from financial products and advisory services that fulfill our clients' real needs and provide bottom-line benefits to their businesses. We create added value for our clients by providing access to global financial markets using our industry and financial expertise, deep partner and network relationships, insight and guidance, and integrity and transparency. Our client-first approach engenders trust, and has enabled us to establish leadership positions in a number of complex fields in financial markets around the world.
Further information on INTL FCStone is available at www.intlfcstone.com.