StoneX Group Inc. (Nasdaq: SNEX), which owns major retail FX trading brands like Forex.com and City Index, announced on Tuesday that it had launched its institutional credit offering in Asia.

According to the press release, with plans to expand into Australia and Hong Kong, StoneX has opened a fixed-income sales and trading desk in Singapore. Clients in APAC will be able to receive trading and execution advisory services, as well as cross-border facilitation across the entire credit spectrum, through the Asia-based desk. In addition to the firm’s global distributed network, StoneX’s new desk in Singapore will enable the firm to offer clients 24-hour service as well as unlock its full potential.

APAC fixed income desk will be led by Robert Hong at StoneX. Most recently, Hong served as Managing Director of Cantor Fitzgerald’s Singapore fixed income division, overseeing their global credit markets. He spent over twenty years at Deutsche Bank managing Asia credit and emerging markets trading operations before joining Cantor Fitzgerald.

“Adding a strong fixed income offering in Asia is a significant step toward building a full-service, global, fixed income offering and advances our goal of providing global, 24-hour, fixed income trading. With the strength of our U.S. and EMEA offerings, it was a natural progression for us to utilize the geographical diversity of StoneX to further build in APAC. StoneX has a reputation for providing consistent liquidity across a robust array of fixed-income products, and our new desk brings proven industry expertise that allows us to connect clients globally in a challenging market environment,” Anthony Diciollo, the Global Co-Head of Fixed Income for StoneX, pointed out.

Greg Kallinikos, the Chief Executive Officer of StoneX in Asia, commented: “Our fixed income desk brings yet another product suite to the APAC region and emphasizes StoneX’s commitment to regional specialization within a global product offering. In 2019, we significantly strengthened our footprint in Singapore with the launch of an Asia-focused derivatives clearing and execution business. Our regional operations have since grown significantly in tandem with the Group’s strengthening position in both wholesale and retail markets. The institutional credit offering is the latest in StoneX’s expansion into the region, in keeping with the rollout of our trademark boots-on-the-ground perspective across global markets. We continue to leverage our decades of market expertise as well as the financial strength of StoneX Group to unlock value for our clients and provide best-in-class service.”

StoneX Group Inc. (Nasdaq: SNEX), which owns major retail FX trading brands like Forex.com and City Index, announced on Tuesday that it had launched its institutional credit offering in Asia.

According to the press release, with plans to expand into Australia and Hong Kong, StoneX has opened a fixed-income sales and trading desk in Singapore. Clients in APAC will be able to receive trading and execution advisory services, as well as cross-border facilitation across the entire credit spectrum, through the Asia-based desk. In addition to the firm’s global distributed network, StoneX’s new desk in Singapore will enable the firm to offer clients 24-hour service as well as unlock its full potential.

APAC fixed income desk will be led by Robert Hong at StoneX. Most recently, Hong served as Managing Director of Cantor Fitzgerald’s Singapore fixed income division, overseeing their global credit markets. He spent over twenty years at Deutsche Bank managing Asia credit and emerging markets trading operations before joining Cantor Fitzgerald.

“Adding a strong fixed income offering in Asia is a significant step toward building a full-service, global, fixed income offering and advances our goal of providing global, 24-hour, fixed income trading. With the strength of our U.S. and EMEA offerings, it was a natural progression for us to utilize the geographical diversity of StoneX to further build in APAC. StoneX has a reputation for providing consistent liquidity across a robust array of fixed-income products, and our new desk brings proven industry expertise that allows us to connect clients globally in a challenging market environment,” Anthony Diciollo, the Global Co-Head of Fixed Income for StoneX, pointed out.

Greg Kallinikos, the Chief Executive Officer of StoneX in Asia, commented: “Our fixed income desk brings yet another product suite to the APAC region and emphasizes StoneX’s commitment to regional specialization within a global product offering. In 2019, we significantly strengthened our footprint in Singapore with the launch of an Asia-focused derivatives clearing and execution business. Our regional operations have since grown significantly in tandem with the Group’s strengthening position in both wholesale and retail markets. The institutional credit offering is the latest in StoneX’s expansion into the region, in keeping with the rollout of our trademark boots-on-the-ground perspective across global markets. We continue to leverage our decades of market expertise as well as the financial strength of StoneX Group to unlock value for our clients and provide best-in-class service.”