- Release Date: 24/11/15 09:02
- Summary: GENERAL: NZX: INTL FCStone Financial Inc accredited in Derivatives Market
- Price Sensitive: No
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NZX 24/11/2015 09:02 GENERAL NOT PRICE SENSITIVE REL: 0902 HRS NZX Limited GENERAL: NZX: INTL FCStone Financial Inc accredited in Derivatives Market NZX is pleased to announce that INTL FCStone Financial Inc. has been accredited as a Derivatives Trading & Advising Participant and a General Clearing Participant for the NZX Dairy Derivatives Market. INTL FCStone becomes the second US based participant to gain full membership status since NZX was granted authorisation as a Foreign Board of Trade by the Commodity Futures Trading Commission (CFTC) in 2014. NZX is pleased to welcome INTL FCStone to the market and sees this as an important milestone, providing greater access for those looking to trade on NZX, particularly out of the US. INTL FCStone has long been a supporter of the NZX Global Dairy Derivatives Market through its Australian entity, INTL FCStone Pty. Ltd., having been a market participant since 2010. A US based membership will create a presence in the well-established US commodity trading market and further enhance the liquidity of NZX's dairy derivatives market. INTL FCStone's Vice President Foods Group, Robert Chesler, commented: "NZX's dairy derivatives products have proven themselves as increasingly useful risk management products in the global dairy sector. INTL FCStone's presence in the commodity space throughout the US puts us in a strong position to further develop this market by offering access to our customers within the US and further abroad that are interested in trading on NZX." NZX CEO Tim Bennett commented: "Our dairy derivatives market has demonstrated remarkable growth over the past 18 months highlighting strong interest from end users looking for risk management tools in the global dairy industry. INTL FCStone's accreditation allows easier access to the market for customers based in the US in particular, as well as its customers throughout the world, supporting our growth strategy for this market." NZX Dairy Derivatives experienced volume growth of 175% in 2014 and continues to experience increasing participation in the market, with volumes in the third quarter of 2015 showing growth of 125% over the same period last year. For further information please contact: Kate McLaughlin Corporate Communications T: 09 309 3654 M: 027 533 4529 E: [email protected] About NZX Limited NZX builds and operates capital, risk and commodity markets and the infrastructure required to support them. We provide high quality information, data and tools to support business decision making. We aim to make a meaningful difference to wealth creation for our shareholders and the individuals, businesses and economies in which we operate. To learn more about NZX, please visit: www.nzxgroup.com End CA:00273952 For:NZX Type:GENERAL Time:2015-11-24 09:02:57
Ann: GENERAL: NZX: INTL FCStone Financial Inc accredited in Derivatives Market
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