INTL FCStone to acquire GIROXX.

INTL FCStone, a provider of execution, risk management and advisory services, agreed to acquire GIROXX, which provides online payment and foreign exchange hedging services. Financial terms were not disclosed. "Our objective is to offer SME's the ability to hedge all parts of their production processes, and to allow these corporates to have access to a digital payments and hedging platform. We are clearly one of the first in this market segment to offer such a comprehensive offering and we are excited about this opportunity," Carsten Hils, INTL FCStone's Global Payments Division Global Head.