INTL FCStone Takes Paxos Precious Metals Confirmation Platform

The platform automates trade confirmations, reconciles transactions and aims to minimize operational errors.

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The Paxos tool will be used to confirm thousands of trades on a daily basis, aiming to automate the confirmation process, reconcile transactions fed through the system and minimize the likelihood of operational errors. It is designed to enable INTL FCStone and its counterparties to electronically match trades in near real-time and to eliminate the risks associated with confirming orders. Barry Canham, global head of metals at INTL FCStone, says the technology used for matching trades has come a

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