NEW YORK, July 13, 2018 /PRNewswire/ -- INTL FCStone Inc. (NASDAQ: INTL), a leader in the development of specialized financial services in commodities, securities, global payments, foreign exchange and other markets, today announced that Edward Meir, an exclusive metals consultant to INTL FCStone, was ranked first overall for his 2018 base metals price predictions in Metal Bulletin's quarterly analysts review. Meir was awarded the top rank with an overall accuracy rating of 99.56%.
Metal Bulletin's quarterly review is a leaderboard of analysts based upon the accuracy of their most recent price predictions for the metals traded on the London Metal Exchange. The publication determines the winner by having each analyst/firm provide their latest forecasts for each metal at the beginning of the quarter. At the conclusion of the quarter, each forecast is analyzed and given a definitive accuracy ranking before the results are published. The overall ranking is based on the average variance across all forecasts received.
Mr. Meir shared his thoughts on his #1 ranking, "I am extremely honored to have secured a number one ranking among my peers for Metal Bulletin's second quarter 2018 base metals survey and am also very proud of the second-place finish I had in Q1. Although the year is not over yet, these combined results should help me secure a high mark when Metal Bulletin comes out with its 2018 annual ranking in January of 2019. Needless to say, markets these days are very volatile and frequently divorced from underlying fundamentals, so to have such a good result and to be recognized for it is very satisfying."
Previously Meir was ranked as the #1 base metals analyst in terms of his forecast accuracy in 2011, 2014, and 2015. The publication also assigned him a #2 ranking in 2013 and #3 ranking in 2017, making him a top 5 base metals analyst in terms of accuracy for almost seven years. Meir has also been ranked by Metal Bulletin for accuracy in precious metal forecasting coming in at #3 for 2013 and #2 in 2014. Meir is an independent commodity consultant for base and precious metals and is president of the Commodity Research Group.
About INTL FCStone Inc.
INTL FCStone Inc., through its subsidiaries, is a leading provider of execution, risk management and advisory services, market intelligence, and clearing services across asset classes and markets around the world.
Serving more than 20,000 customers in 130 countries on five continents, the company provides products and services across five market segments: commercial hedging, global payments, securities, physical commodities, and clearing and execution services. Our customers include the producers, processors and end users of virtually every major traded commodity, as well as asset managers, introducing broker-dealers, insurance companies, brokers, institutional and retail investors, commercial and investment banks, and governmental, non-governmental and charitable organizations. A Fortune 500 company headquartered in New York City, the company is listed on the Nasdaq under the ticker symbol "INTL".
Further information on INTL is available at www.intlfcstone.com.
Jay A. Morakis
M Group Strategic Communications (for INTL FCStone)
+1 646 417 8514
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SOURCE INTL FCStone Inc.