INTL FCStone Ltd’s Global Payments Division Launches Financial Information Exchange Protocol for Cross-Border Payments Platform

by PaymentsJournal 0

Company in the process of rolling out to one of thelargest banks in the world, with plans to integrate for at least fiveadditional multinational bank customers within the next 12 months

LONDON – September 27, 2016 – INTL FCStone Inc. (NASDAQ:INTL) today announced that itsLondon-based subsidiary, INTL FCStone Ltd’s Global Payments Division (“GPD”or “the Company”), launched a financial information exchange (FIX) protocol,which is integrated with its proprietary FXecute globalpayments platform. The FIX protocol is an electronic communication method forthe real-time exchange of information, and its integration with FXecute marksone of the first FIX offerings for cross-border payments in exoticcurrencies. The Company also disclosedtoday that it is in the process of deploying the enhanced payments system forits newest bank client – one of the top five largest banks in the world bytotal assets.

FXecute is a proprietary global payments platform thatallows GPD clients to execute payments in more than 175 countries and 140currencies through the Company’s global network of approximately 300 correspondentbanks. The platform provides access to live currency rates and guaranteespayment execution in local currency to the vast majority of countries withintwo business days. The Company has enhanced the platform through the additionof a financial information exchange (FIX) interface. The built-in FIXcapability allows banks to receiveforeign exchange pricing seamlessly and to transfer funds through a singlecomprehensive system, which enables GPD bank clients to instantaneouslyestablish the true cost of a cross- border payment. Banks will now be able toprice their own customers’ transactions in exotic currencies in real-time andensure that a fixed amount of local currency will be delivered, without exposing themselves to any price risk. TheCompany, which currently provides its cross-border payments platform to morethan half of the top 10 banks in the world by total assets, plans to deploy theFIX-enabled platform to at least five additional bank customers within the next12 months.

Carsten Hils, Global Head of INTL FCStone Ltd’s GlobalPayments Division, commented on today’s news, “We have been the industry leaderin providing cross-border payments solutions in exotic currencies for twodecades, and the integration of FIX functionality with our proprietary FXecuteplatform substantially enhances the services that we offer to our bankcustomers. We are proud to be in thedeployment process for our newest bank client, one of the largest banks in theworld, and believe this to be indicative of the quality of our offering.FXecute allows our clients to avoid the substantial risks associated withsending funds to developing world countries by leveraging our unmatched globalcorrespondent banking network and local market expertise. FIX integration furtherenhances pricing transparency and streamlines the payments process.”

FIX functionality allows customers to view market ratesfor various currencies, execute and manage orders in real-time, and view thestatus of their payments through the easy-to-use FXecute portal. GPD nowstreams its currency pair rates on a real-time basis, ensuring that customersalways have access to the most current information in order to streamlineglobal payments and increase their efficiency. With the integration of FIX technologyinto FXecute, the Company is one of the first organizations to offer real-timerates for exotic currencies, enhancing

the already strong market access, live currency rateinformation, and order management tools, strengthening its position as thepremier provider of global payments solutions for the developing world.

Hils concluded, “The integration of FIX into our FXecuteplatform solidifies our industry leadership in the global payments space, as weare now able to provide more streamlined execution services. Our global team isavailable 24 hours a day to support customers using the platform and tosimplify the onboarding process, as well as to liaise with local correspondentbanks and regulators to ensure seamless payments in exotic currencies. We lookforward to deploying our FXecute platform for additional bank customers overthe coming months, and to upgrading our offering for our existing bankclients.”

About INTL FCStone Ltd

INTL FCStone Ltd (“IFL”) is a wholly ownedsubsidiary of INTL FCStone Inc. (“INTL”). IFL is registered in England and Wales (5616586). IFL is authorised& regulated by the Financial Conduct Authority [FRN 446717]. INTL acts asAgent for IFL in New York. INTL Asia Pte Ltd acts as agent for IFL inSingapore. Neither this information nor any opinionexpressed constitutes a solicitation to buy or sell foreign exchange or anyfutures or options or OTC products.

INTL FCStone Inc., including its subsidiaries, is a leaderin the development of specialized financial services in commodities,securities, global payments, foreign exchange and other markets. Our revenuesare derived primarily from financial products and advisory services thatfulfill our clients’ real needs and provide bottom-line benefits to theirbusinesses. We create added value for our clients by providing access to globalfinancial markets using our industry and financial expertise, deep partner andnetwork relationships, insight and guidance, and integrity and transparency.Our client-first approach engenders trust, and has enabled us to establishleadership positions in a number of complex fields in financial markets aroundthe world.

Further information on INTL FCStone is available at www.intlfcstone.com.