StoneX Retail, the American financial services giant's FX and CFDs trading division, promoted Adam Dance to Product Director. Based in London, he was previously the company's Head of Product after joining in January 2022.
StoneX Retail manages some of the major retail forex and CFDs brokerage brands like FOREX.com and City Index. StoneX completed the $236 million GAIN Capital acquisition deal in mid-2020, giving it the ownership of two brokerage brands.
Dance has around 16 years of industry experience working in several product-centric roles. He joined StoneX Retail from EQONEX, a Singapore-headquartered cryptocurrency exchange , where he was the Head of Strategy and Product for six months.
Dance’s most notable experience in the trading industry is his 13 years and seven months long tenure at IG, one of London’s largest brokerage brands. He joined the company as a Business Manager in February 2008 and then climbed the ranks over the years. There, he held several roles: Head Of Quality Assurance for Software Testing, Business Manager Leader, Business Analyst, Head of Product Management and Strategic Business Development Manager. He separated from the broker as the Local CEO of IG Dubai, which was a role he held for more than three years.
After finishing his Bachelor of Arts in Philosophy from the University of Nottingham, he joined the workforce in November 2006 as a Project Coordinator at Sainsbury's, the UK’s second-largest retailer. In addition, he finished his Master of Business Administration from the London School of Business.
Expansion Continues
Meanwhile, StoneX continues to expand its footprint in the trading industry. It recently acquired CDI-Societe Cotonniere De Distribution S.A (Cotton Distributors Inc), thus expanding its commodities market presence in Brazil and Continental Europe. Moreover, the group released an institutional credit offering in Europe for its attempt at APAC expansion.
The operating revenue of the StoneX Group jumped 23 percent to $528.8 million in the quarter ending in June, Finance Magnates reported earlier. Its net income reached $49.1 million, increasing 44 percent, with diluted earnings per share of $2.37.
