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Request On Demand our webinar on Caps & Floors, where expert Eric Donovan will go over this product and demonstrate how it can improve your company’s bottom line.

Watch On Demand  I  Recorded: October 10th, 2018 



Hedging with Caps & Floors

Learn How You Can Improve Your Company’s Bottom Line

Eric Donovan


Managing Director, OTC FX & Interest Rates
INTL FCStone Markets, LLC

© 2018 INTL FCStone Inc. All Rights Reserved

The INTL FCStone Inc. group of companies provides financial services worldwide through its subsidiaries, including physical commodities, securities, exchange-traded and over-the-counter derivatives, risk management, global payments and foreign exchange products in accordance with applicable law in the jurisdictions where services are provided. References to over-the-counter (“OTC”) products or swaps are made on behalf of INTL FCStone Markets, LLC (IFM), a member of the National Futures Association (NFA) and provisionally registered with the U.S. Commodity Futures Trading Commission (CFTC) as a swap dealer. IFM’s products are designed only for individuals or firms who qualify under CFTC rules as an ‘Eligible Contract Participant’ (“ECP”) and who have been accepted as customers of IFM. INTL FCStone Financial Inc. (IFCF) is a member of FINRA/NFA/SIPC and registered with the MSRB. IFCF is registered with the U.S. Securities and Exchange Commission (SEC) as a Broker-Dealer and with the CFTC as a Futures Commission Merchant and Commodity Trading Advisor. References to securities trading are made on behalf of the BD Division of IFCF and are intended only for an audience of institutional clients as defi ned by FINRA Rule 4512(c). References to exchange-traded futures and options are made on behalf of the FCM Division of IFCF.

INTL FCStone Ltd is registered in England and Wales, Company No. 5616586, authorized and regulated by the Financial Conduct Authority. Trading swaps and over-the-counter derivatives, exchange-traded derivatives and options and securities involves substantial risk and is not suitable for all investors. 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 and does not create a binding obligation on any of the INTL FCStone group of companies to enter into any transaction with you. You are advised to perform an independent investigation of any transaction to determine whether any transaction is suitable for you. No part of this material may be copied, photocopied or duplicated in any form by any means or redistributed without the prior written consent of INTL FCStone Inc.

Eric Donovan has a unique background that cuts across academia, finance and agriculture. He studied Economics under Nobel Prize winner Richard Thaler and he’s served as an advisor to agricultural producers across the Americas.  Eric spent years as on options trader on the floor of the Chicago Mercantile Exchange before founding an electronic trading firm. Since 2015, he has held several positions at INTL FCStone Markets, LLC and is currently the Managing Director, OTC FX and Interest Rates, where he is responsible for all swap dealing activities in LIBOR instruments. He is an expert on risk management strategy, derivatives trading, and debt structuring.  Eric’s expertise is highly sought after for speaking engagements, advisory, and even national television news segments & publications

Eric Donovan


As the leading independent provider of interest rate hedging solutions, INTL FCStone Markets, LLC is committed to offering a complete suite of products and services designed to keep our clients one step ahead of the changing market.

Long-term interest rate options (Caps & Floors) are tradeable OTC contracts. Similar to Interest Rate Swaps, they can be for any notional amount, and will have multiple settlements based on LIBOR occurring monthly, quarterly or semi-annually. However, unlike swaps that have exposure to both sides of the market, an interest rate option trades with a single premium and strike price, much like put and call options in other markets.

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