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INTL FCStone Completes Purchase Of TRX Futures

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5/1/2012 3:38 PM ET

INTL FCStone Inc. (INTL) said Tuesday that INTL Holding (UK) Limited, a wholly owned subsidiary in the United Kingdom, received approval from the United Kingdom's Financial Services Authority to acquire TRX Futures Ltd. from Neumann Gruppe GmbH and has closed on the purchase.

The deal was announced in December.

TRX Futures is a London-based brokerage and clearing firm for commercial coffee and cocoa customers, as well as energy and financial products.

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by RTT Staff Writer

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After moving mostly higher in early trading on Wednesday, stocks have continued to perform well over the course of the session. While buying interest has waned since then open, the markets have maintained a positive bias on the day. Industrial production in the U.S. rose by more than expected in the month of March, the Federal Reserve revealed in a report on Wednesday, with the report also showing a notable upward revision to the pace of production growth in the previous month. The report said industrial production increased by 0.7 percent in March after surging up by an upwardly revised 1.2 percent in February. Housing starts in the U.S. showed a notable increase in the month of March, according to a report released by the Commerce Department on Wednesday, although starts still came in well below economist estimates. The report showed that housing starts climbed 2.8 percent to an annual rate of 946,000 in March from the revised February estimate of 920,000.
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