NEW YORK, Jan. 27, 2020 /PRNewswire/ -- INTL FCStone Inc. (NASDAQ: INTL), today announced that Rhona O'Connell, Head of Market Analysis for EMEA and Asia, was ranked first overall for her 2019 precious metals price predictions in both the Fastmarkets/Metal Bulletin's APEX analyst survey and LBMA's 2019 Gold Forecast Survey.
Rhona O'Connell, Head of Market Analysis for EMEA and Asia, shared her thoughts on being recognized as Metal Bulletin's top precious metals analyst for 2019, "I am pleased to have secured a number one ranking amongst my peers in Metal Bulletin's annual APEX analyst survey. I pride myself on offering accurate market intelligence and I'm proud to have attained a high degree of accuracy last year."
Metal Bulletin compiles a quarterly leaderboard of analysts who are ranked based upon the accuracy of their most recent price predictions for the metals traded on the London Metal Exchange and in the bullion markets. The winner in each sector is determined by having each firm or analyst provide their latest forecasts for each metal at the beginning of the quarter. At the conclusion of each quarter, the individual forecasts are 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, the yearly ranking compiles by the aggregate of the stats from all four quarters. As well as for the full year, Rhona also attained the top precious metals ranking for Q4 2019 with an accuracy rating of 99.26%.
"Gaining the number one position for gold in the LBMA Survey is every precious metals analyst's aspiration and last year's success is exhilarating. I look forward to continuing to provide the most accurate and reliable precious metals intelligence for INTL FCStone's clients in 2020," concluded O'Connell.
In January 2019, the London Bullion Market Association (LBMA) received forecasts from analysts around the world for what they thought the average price would be for each of the four metals (gold, silver, platinum and palladium) for the year. Winners are determined in each category based on which analysts' forecast is closest to the actual average price in 2019. In the event of a tie, the LBMA takes into account the forecast range. This year Rhona tied for first in the gold pricing category with a winning forecast of $1,365 – compared to the actual 2019 average price of $1,392.60.
About INTL FCStone Inc.
INTL FCStone Inc., through its subsidiaries, is a leading provider of financial-services execution, risk management, market intelligence, and post-trade services across asset classes and markets around the world.
A Fortune 500 company with a nearly 100-year track record, the company focuses on providing products and services within the commodities, securities, foreign exchange and global payments sectors. INTL customers include the producers, processors and end users of virtually every major traded commodity; commercial counter parties; and governmental, nongovernmental and charitable organizations. The company also serves institutional investors, brokers, professional traders, CTA/CPOs, proprietary trading groups, commercial banks and major investment banks. Headquartered in New York City, the company is listed on NASDAQ under the ticker symbol "INTL".
The information herein is not a recommendation to trade nor investment research or an offer to buy or sell any derivative or security. It does not take into account your particular investment objectives, financial situation or needs.
Further information on INTL FCStone is available at www.intlfcstone.com.
Jay A. Morakis
M Group Strategic Communications (for INTL FCStone Ltd)
+1 646 859 5951
SOURCE INTL FCStone Inc.