INTL FCStone Inc.'s Singapore unit, INTL FCStone Pte. Ltd., completed its acquisition of the futures and options brokerage and clearing business of Singapore-based UOB Bullion and Futures Ltd.
Financial terms of the deal were not disclosed in a news release.
As part of the transaction, INTL FCStone Pte. upgraded its capital markets services license in Singapore so it can offer full-service brokerage encompassing dealing in exchange-traded derivatives contracts, over-the-counter derivatives contracts and spot foreign exchange contracts for the purposes of leveraged foreign exchange trading. It was also admitted as a trading member of Singapore Exchange Derivatives Trading Ltd. and Clearing Member of Singapore Exchange Derivatives Clearing Ltd.
