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Retail FX

News Nuggets | 16 November: Fortex Integrates with StoneX; XS.com Appoints Country Manager

  • Wedbush Securities was fined $350,000; the SEC charged traders following a fraud valued at $1.5 million.
  • Read today's FX/CFDs, crypto and fintech sectors' dynamic news.
by Damian Chmiel
Retail FX

FX and CFDs Revenue of StoneX Declines in Q4: ADV Takes 11% Hit

  • The quarterly operation revenue from FX and CFDs was $79.2 million.
  • The decline in the trading activity primarily made a dent in the revenue.
by Arnab Shome
Institutional FX

BTIG Files $200 Million Suit against StoneX for Alleged Code Theft

  • A tech heist may have handed StoneX illicit competitive advantages.
  • The company is said to have taken over six BTIG programmers.
by Damian Chmiel
Retail FX

Gain Capital’s $236 Million Deal That Led to an Insider Trading Scandal

  • The former executive at StoneX Financial has settled insider trading charges.
  • They stem from trading activities involving GAIN Capital Holdings before its acquisition.
by Damian Chmiel
Institutional FX

CFTC Imposes Fine on StoneX for Alleged Disclosure Breach

  • The fine involves alleged failure to disclose Pre-Trade Mid-Market Marks (PTMMMs) in swap transactions.
  • StoneX has admitted to the alleged violations, according to the regulator.
by Jared Kirui
Retail FX

News Nuggets | 7 June: UK Bank Taps Integral; StoneX's Prime Brokerage

  • Also, the launch of a Bitcoin mining facility in El Salvador.
  • Read today's FX/CFDs, crypto and fintech sectors' dynamic news.
by Finance Magnates Staff
Retail FX

StoneX's FX/CFDs Revenue Drops 38% in Q2

  • The Group owns Forex.com and City Index brands.
  • Retail FX/CFDs ADV went down 22 percent.
by Arnab Shome
CryptoCurrency

StoneX Taps Coinbase for Offering Nano Crypto Contracts

  • StoneX Financial clients will now have access to nano Bitcoin and Ethereum futures.
  • Nodal Clear has been appointed to clear these contracts.
by Arnab Shome
Institutional FX

StoneX Unveils Defeasance Sales & Trading Division, Hires Experienced Truist Trio

  • StoneX Financial launches defeasance sales and trading, enhancing fixed-income business.
  • The new division debuts at StoneX, backed by an experienced Truist Securities trio.
by Damian Chmiel
Executives

Sova Capital’s Clifford-Newman Joins StoneX as SVP, Prime Services Sales

  • The senior executive brings over a decade of experience to the new role.
  • StoneX Group's subsidiaries made executive appointments in recent months.
by Solomon Oladipupo
Retail FX

StoneX Sees 32% Q1 FY23 FX/CFDs Revenue Drop from Dull Retail Demand

  • ADV from retail FX/CFDs contracts decreased by 10 percent.
  • Overall, the group reported an 84 percent jump in net income.
by Arnab Shome
Executive Moves

StoneX Digital Hires Matthew Ardizzone as Digital Asset MD

  • He brings about 30 years of experience to the role.
  • The digital asset division was established last June.
by Arnab Shome
Executives

StoneX Hires SWIFT’s Edward Phelps as Head of Sales Strategy

  • Phelps brings about a decade of experience to the role.
  • The NFA slapped a $1 million fine on subsidiary StoneX Markets on Thursday.
by Solomon Oladipupo
Institutional FX

NFA Fines StoneX Markets $1 Million for Compliance Failures

  • The company agreed to settle but did not accept or deny the allegations.
  • Earlier, NFA slammed penalty on GAIN Capital, another subsidiary of StoneX Group.
by Arnab Shome
Executives

StoneX Promotes Rana Khatlan to EMEA Marketing and Events Manager

  • Khatlan joined the StoneX Group in March last year as an Events Coordinator.
  • She brings over a decade of experience in events, sales and marketing to the role.
by Solomon Oladipupo
Brokers

StoneX’s FX/CFDs Q4 Operating Revenue Jumps 46%

  • The operating revenue from FX/CFDs for the entire fiscal year came in at $339.3 million.
  • The overall operating revenue for the group came in at $583.4 million.
by Arnab Shome
Executive Moves

StoneX Retail Promotes Adam Dance to Product Director

  • StoneX Retail manages FX and CFDs brands like Forex.com and City Index.
  • He joined the company in January 2022.
by Arnab Shome
Brokers

StoneX Reports Net Income of $49.1 Million in the Latest Quarter

  • For the quarter ended 30 June 2022, the company reported operating revenues of $528.8 million.
  • Quarterly diluted EPS came in at $2.37 per share in the mentioned period.
by Bilal Jafar
Institutional FX

StoneX Group Releases Institutional Credit Offering in Asia

  • The expansion will be made across the APAC region.
  • StoneX established a trading desk in Singapore.
by Felipe Erazo
Institutional FX

StoneX Entities to Pay ICE $650K for Possible Improper Pre-Hedging

  • The two StoneX entities violated multiple exchange rules.
  • They already agreed to pay the monetary penalty and disgorgement amount.
by Arnab Shome
News

StoneX Group Launches Subsidiary StoneX Digital LLC

  • The branch will provide digital assets related services to institutional clients.
  • StoneX Digital aims to enable clients to trade and custody cryptos.
by Felipe Erazo
Retail FX

StoneX Successfully Executes First BTC Cash-Settled Swap

  • The counterparty was Liquidity Solutions Global.
  • USD cash-settled crypto swaps were made available to institutional FX clients.
by Felipe Erazo
Brokers

StoneX Sees 32% Jump in Q2 FX/CFDs Revenue, GAIN Pushes Retail Demand

  • The retail FX/CFDs revenue increased by 18.8 percent.
  • The group ended the quarter with 16 percent higher profits.
by Arnab Shome
Retail FX

StoneX Increases an Existing Credit Facility to $475 Million

  • The company extended the maturity until April 2025.
  • The proceeds will be used as working capital.
by Arnab Shome
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