StoneX Extends Institutional Offerings with Prime Direct Launch
- The new offering will provide institutional routing and systems.
StoneX Group (NASDAQ: SNEX) announced on Tuesday the launch of new Prime Direct offerings under its Prime Services Division. The new services are based on the group’s proprietary prime brokerage technology.
According to the press release shared with Finance Magnates, the offerings are aimed at bridging the gap between full-service Prime Brokerage services offered to larger managers and discount brokerage options accessible to emerging investors.
It will offer institutional routing and systems to all clients in a direct-to-client format.
“StoneX is continuing to push the envelope when it comes giving our clients access to the technological solutions needed to trade the US Equities Equities Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa Read this Term and options markets at an institutional level,” said Ben Brown, Managing Director of Business Development for Prime Services at StoneX.
“As many other firms look for ways to monetize their customer's trade flow, we’ve actively developed a platform that uses the same routing protocols institutional traders use to avoid unnecessary fees.”
An Accessible Platform
The company is allowing access to Prime Direct services through its digital platform and will allow customers to trade US-listed equity and options. These services are aimed at family offices, hedge funds and other professional clients.
“We’re excited to have this opportunity to Leverage Leverage In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders Read this Term our tech platform to offer the best and most economical solutions to emerging managers and family offices,” Douglas Nelson, Managing Director and Co-Head of Prime Services at StoneX Financial, added.
“As we constantly look to evolve our platform to meet the needs of new managers, we strive to continue providing all of our customers with the same high touch service we’ve been known for throughout the industry.”
Furthermore, many other established financial services companies jumped into the prime brokerage space recently. Britannia Global Markets and ThinkMarkets are two of the most recent additions in the prime brokerage space.
StoneX Group (NASDAQ: SNEX) announced on Tuesday the launch of new Prime Direct offerings under its Prime Services Division. The new services are based on the group’s proprietary prime brokerage technology.
According to the press release shared with Finance Magnates, the offerings are aimed at bridging the gap between full-service Prime Brokerage services offered to larger managers and discount brokerage options accessible to emerging investors.
It will offer institutional routing and systems to all clients in a direct-to-client format.
“StoneX is continuing to push the envelope when it comes giving our clients access to the technological solutions needed to trade the US Equities Equities Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa Read this Term and options markets at an institutional level,” said Ben Brown, Managing Director of Business Development for Prime Services at StoneX.
“As many other firms look for ways to monetize their customer's trade flow, we’ve actively developed a platform that uses the same routing protocols institutional traders use to avoid unnecessary fees.”
An Accessible Platform
The company is allowing access to Prime Direct services through its digital platform and will allow customers to trade US-listed equity and options. These services are aimed at family offices, hedge funds and other professional clients.
“We’re excited to have this opportunity to Leverage Leverage In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders Read this Term our tech platform to offer the best and most economical solutions to emerging managers and family offices,” Douglas Nelson, Managing Director and Co-Head of Prime Services at StoneX Financial, added.
“As we constantly look to evolve our platform to meet the needs of new managers, we strive to continue providing all of our customers with the same high touch service we’ve been known for throughout the industry.”
Furthermore, many other established financial services companies jumped into the prime brokerage space recently. Britannia Global Markets and ThinkMarkets are two of the most recent additions in the prime brokerage space.