INTL FCStone: Acquires GIROXX GmbH in Germany
- INTL FCStone Inc. a leading provider of execution, risk management and advisory services, market intelligence
- Through its digital platform, GIROXX GmbH provides online payment and foreign exchange hedging services to small and medium sized enterprises
- INTL FCStone offers a wide range of financial services including advisory and also execution services in commodities
- Objective is to offer SME’s the ability to hedge all parts of their production processes, and also to allow these corporates to have access to a digital payments
- INTL FCStone’s Global Payments Division facilitates payments in more than 140 local currencies in over 175 countries
- The Division maintains an extensive network of approximately 350 local correspondent banking relationships worldwide