United States-based financial services organization INTL FCStone has acquired the futures and options brokerage operations and the clearing business unit from UOB Bullion and Futures.
This will give INTL FCStone access to trade a host of derivatives on the Singapore Exchange (SGX), the company said on Monday October 7.The acquisition from UOB Bullion and Futures, a subsidiary of Singapore-based United Overseas Bank, means that INTL FCStone, will be admitted as a trading member of the SGX.IFP began efforts to acquire the units...