March 29th 2017
In the first quarter of 2017, WISTHEM signed a broker agreement with New York-based INTL FCStone Inc. that allows the former to buy and sell commodities related to metals. As a physical commodities trading company, WISTHEM has traditionally dealt in crude oil, natural gas, liquefied petroleum gas, naphtha, coal, sugar, ethanol, and several other energy producing materials.
With this new agreement, WISTHEM is now able to trade commodities related to metals, such as copper, aluminum, and iron ore. The company’s aim is to primarily focus on industrial metals; in the simplest economic terms, this means that WISTHEM will seek to find, obtain, and refine metal resources from places in which supply is plentiful and, through its logistics channels, transfer them to where demand is high.
The broker agreement came about after a full diligence was conducted by INTL FCStone. The agreement signifies an acknowledgement of WISTHEM as an enterprise with sound business practices, an effective global reach, and the experience to forecast legitimate change.
INTL FCStone Inc. is a Fortune 500 financial services firm focused on diversified financial markets. Based in New York City, New York, and with offices around the world, the company is the product of a 2009 merger between the International Assets Advisory Corporation and FCStone Group Inc. INTL FCStone Inc. primarily serves mid-sized commercial clients in the areas of commodity training, risk management, foreign exchange, securities, and global payment services.
The company’s clients include producers, processors, and users of nearly every major traded commodity the world over. The broker agreement with INTL FCStone Inc. means that WISTHEM will have access to tools and services that manage volatility and risk—and by extension, does the same for our partners and clients.
WISTHEM was founded in 2015 with its sights aimed on trading crude oil and oil products. As an independent energy and commodities trading company, the enterprise identifies disparities between supply and demand, and then acts quickly and safely to restore balance. Energy-producing commodities are transferred from where it is found or stored to where it is needed. Most of this is done by way of physical trading, which is complemented by refinement, power generation, shipping and more.
As a privately-owned company, our partnership model is at the heart of the way we conduct business, and gives us a very real advantage when compared with competitors. The broker agreement with INTL FCStone invites exciting new opportunities for not only WISTHEM, but also all of our partners and clients.