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Stonex
Europe's Economic Crossroads: Recession Fears and S&P Global's
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StoneX
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Retail FX
StoneX Expands Operations in India, Joins International Bullion Exchange
2024-10-28T20:39:08.633+02:00
The company established offices in Bangalore and Pune to tap into India’s financial services sector.
StoneX is also focussing on facilitating the trading of precious metals in the region.
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Retail FX
StoneX Makes $480M Unsolicited Bid for UK's CAB Payments: Report
2024-10-10T23:10:57.155+02:00
The revised offer is set at 145 pence per share, an 18% premium over CAB Payments' current price of 123 pence.
StoneX's previous bid, valuing CAB Payments at 115 pence per share, was rejected.
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Retail FX
StoneX Settles ICE Charges for $20,000 over Trade Practice Violations
2024-09-20T11:12:45.362+02:00
The charges arose from an incident on April 27, 2023, involving opposing buy and sell orders.
No customer harm was reported in connection with the incident.
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Retail FX
StoneX's UK Subsidiary Renews Partnership with Rugby Club Saracens
2024-08-07T21:10:13.005+02:00
The company's brand will replace City Index on the team's jerseys from the 2024/25 season.
StoneX has been a key partner for Saracens since 2020.
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Retail FX
StoneX FX/CFDs Revenue Up by 6%, but FINRA Fine Overshadows Record Operating Numbers
2024-08-07T08:25:39.236+02:00
The company achieved the highest revenues in its history, $468.5 million, and higher CFD numbers.
However, the positives are eclipsed by a decline in net profit and a fine of $75,000.
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Brokers
StoneX Makes Waves with Montreal Exchange and ASX Membership
2024-08-01T18:34:12.823+02:00
The firm allows clients to exploit CME–TMX spread opportunities following its TMX entry.
The new status has followed the entry as a member of the ASX in April 2024.
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Retail FX
StoneX Advances Market Access with New Commodities Trading Options
2024-06-28T15:03:29.104+02:00
The firm executed its first trade on Abaxx Commodity Futures Exchange and Clearinghouse.
New trading platform supports energy transition with physical commodity contracts.
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Retail FX
StoneX’s Q2 FX and CFDs Revenue Jumps despite Trading Volume Drop
2024-05-09T07:12:47.076+02:00
The revenue from the FX and CFDs contracts for the quarter came in at $80.3 million.
The group ended the quarter with net income of $53.1 million.
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Payments
NatWest Collaborates with StoneX to Expand Cross-Border FX Capabilities
2024-04-17T10:33:57.566+02:00
The collaboration aims to utilize StoneX's platform and bank network to offer competitive FX rates.
The payment service will provide clear transaction details from the outset for precise fund delivery.
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Executives
StoneX Promotes Qianyue Dai as VP, Senior Manager Retail for China and Japan
2024-04-15T21:29:02.756+02:00
Dai will oversee retail sales, institutional sales, and client management teams in China and Japan.
Previously, she served as the Senior Manager of Retail in China.
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Retail FX
StoneX Group to Issue $550 Million Bond Targeting Debt Refinancing
2024-02-15T17:01:26.450+02:00
The proceeds from the issued bond will be used to redeem existing debt.
The offering targets institutional buyers and certain entities outside the US.
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Brokers
StoneX’s Q1 FX and CFDs Revenue Strengthens YoY despite Quarterly Decline
2024-02-07T09:06:16.177+02:00
The quarter's operating revenue from FX/CFDs amounted to $74.6 million.
The ADV from FX/CFDs trading totalled $10.9 billion.
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Retail FX
News Nuggets | 16 November: Fortex Integrates with StoneX; XS.com Appoints Country Manager
2023-11-16T13:17:05.688+02:00
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.
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Retail FX
FX and CFDs Revenue of StoneX Declines in Q4: ADV Takes 11% Hit
2023-11-16T12:24:26.411+02:00
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.
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Institutional FX
BTIG Files $200 Million Suit against StoneX for Alleged Code Theft
2023-11-14T11:22:01.531+02:00
A tech heist may have handed StoneX illicit competitive advantages.
The company is said to have taken over six BTIG programmers.
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Retail FX
Gain Capital’s $236 Million Deal That Led to an Insider Trading Scandal
2023-10-31T11:30:34.920+02:00
The former executive at StoneX Financial has settled insider trading charges.
They stem from trading activities involving GAIN Capital Holdings before its acquisition.
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Institutional FX
CFTC Imposes Fine on StoneX for Alleged Disclosure Breach
2023-09-20T21:54:53.936+02:00
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.
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Retail FX
News Nuggets | 7 June: UK Bank Taps Integral; StoneX's Prime Brokerage
2023-06-07T11:25:23.272+02:00
Also, the launch of a Bitcoin mining facility in El Salvador.
Read today's FX/CFDs, crypto and fintech sectors' dynamic news.
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Retail FX
StoneX's FX/CFDs Revenue Drops 38% in Q2
2023-05-04T08:54:13.398+02:00
The Group owns Forex.com and City Index brands.
Retail FX/CFDs ADV went down 22 percent.
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CryptoCurrency
StoneX Taps Coinbase for Offering Nano Crypto Contracts
2023-04-14T08:40:46.653+02:00
StoneX Financial clients will now have access to nano Bitcoin and Ethereum futures.
Nodal Clear has been appointed to clear these contracts.
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Institutional FX
StoneX Unveils Defeasance Sales & Trading Division, Hires Experienced Truist Trio
2023-03-16T11:13:05.046+02:00
StoneX Financial launches defeasance sales and trading, enhancing fixed-income business.
The new division debuts at StoneX, backed by an experienced Truist Securities trio.
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Executives
Sova Capital’s Clifford-Newman Joins StoneX as SVP, Prime Services Sales
2023-02-13T21:28:49.615+02:00
The senior executive brings over a decade of experience to the new role.
StoneX Group's subsidiaries made executive appointments in recent months.
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Retail FX
StoneX Sees 32% Q1 FY23 FX/CFDs Revenue Drop from Dull Retail Demand
2023-02-08T09:13:31.586+02:00
ADV from retail FX/CFDs contracts decreased by 10 percent.
Overall, the group reported an 84 percent jump in net income.
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Executive Moves
StoneX Digital Hires Matthew Ardizzone as Digital Asset MD
2023-01-25T08:43:49.863+02:00
He brings about 30 years of experience to the role.
The digital asset division was established last June.
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Executives
StoneX Hires SWIFT’s Edward Phelps as Head of Sales Strategy
2023-01-13T21:48:54.832+02:00
Phelps brings about a decade of experience to the role.
The NFA slapped a $1 million fine on subsidiary StoneX Markets on Thursday.
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