StoneX Group, formerly known as INTL FCStone , today announced a stock ticker symbol change.
The company revealed it will now be traded under the NASDAQ ticker symbol: SNEX, effective immediately. This finalizes the rebrand to StoneX that was approved by shareholders on June 24, 2020.
The StoneX Group name and its trade name “StoneX” carries forward the foundation established by Saul Stone in 1924 to today’s modern financial services firm, according to the company.
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At present, the StoneX Group provides an institutional-grade financial services ecosystem connecting its clients to 36 derivatives exchanges, 175 foreign exchange markets, nearly every global securities marketplace, and a number of bi-lateral liquidity venues via its network of highly integrated digital platforms and experienced professionals.
The new name is seen as more distinctive, and easier to remember and pronounce, than the existing name. The new name also includes aspirational elements that are strategically important to the company, such as digitizing the company’s platforms and driving innovation in the marketplace.
StoneX Group provides execution, post-trade settlement, clearing and custody services through one trusted partner. Clients use its global financial services network to pursue trading opportunities, make investments, manage their market risk, and improve their performance.
Headquartered in New York City, StoneX Group and its 2,000 employees serve more than 30,000 commercial and institutional clients, and more than 125,000 retail clients, from more than 40 offices across five continents.