Birmingham Futures Incorporated is an Introducing Broker Guaranteed by FCStone LLC
Birmingham, Alabama, October 24, 2008 - The National Futures Association completed the registration today of Birmingham Futures Incorporated (NFA ID: 0404229 - FCStone Broker ID: BL044) as an Introducing Broker guaranteed by FCStone LLC.
Jonathan C. Putman, Chairman & CEO of Birmingham Futures, was also registered as Principal and AP (NFA ID: 0402843).
FCStone Group, Inc., along with its affiliates, is an integrated commodity risk management company providing risk management consulting and transaction execution services to commercial commodity intermediaries, end-users and producers. The firm assists primarily middle market customers in optimizing their profit margins and mitigating exposure to commodity price risk. In addition to risk management consulting services, FCStone, LLC, operates one of the leading independent clearing and execution platforms for exchange-traded futures and options contracts. FCStone Group, Inc., serves more than 7,500 customers and in the 12 months ended May 31, 2007, executed 54.1 million derivative contracts in the exchange-traded and over-the-counter markets. In addition to renewable fuels, the FCStone Group companies work in all the major commodity areas including agriculture, energy, foods, forestry, and currency exchange. Headquartered in the Midwest, it has offices located throughout the world and is a clearing member of all major North American Futures exchanges. FCStone Group, Inc., trades on the NASDAQ Global Select Market under the symbol "FCSX."
With certain exceptions, all persons and organizations that intend to do business as futures professionals must register under the Commodity Exchange Act. The primary purposes of registration are to screen an applicant's fitness to engage in business as a futures professional and to identify those individuals and organizations whose activities are subject to federal regulation. In addition, all individuals and firms that wish to conduct futures-related business with the public must apply for NFA Membership or Associate status.
Birmingham Futures Incorporated Announces Agreement with FCStone Group, Inc. to Develop Steel Voucher Exchange
Birmingham, Alabama, October 19, 2007 – Birmingham Futures Exchange Incorporated (BFEX) announced today that it has signed a letter of intent with FCStone Group, Inc. (NASDAQ: FCSX), a commodity risk management firm, to create a steel price hedging platform based on steel vouchers, a concept developed by BFEX.
Press Release
American Metal Market's press coverage
FCStone Steel Team
International Assets and FCStone Merged September 30, 2009
International Assets - FCStone Corporate Fact Sheet
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Disclaimer
Commodity trading involves financial risk, and both Birmingham Futures and FCStone assume no liability in the event any person uses or relies upon the information on this website for the purpose of dealing in commodities or other investments. Further, claims of past performance are not necessarily indicative of future results. Neither the information on this website, nor any opinion expressed hereupon, constitutes a solicitation to buy or sell any derivative, futures contract or option on futures contract.
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