The FX and CFD brokerage firm StoneX has promoted Qianyue Dai to VP and Senior Manager of Retail for China and Japan. Dai’s role entails managing retail sales, institutional sales, and client management teams in the two regions.

According to her LinkedIn profile, Dai has dedicated more than three years to StoneX Group, previously serving as the Manager for Sales and Client Management and Senior Manager of Retail for China.

Forex Industry Veteran

Previously, she held several roles in GAIN Capital, an online provider of retail forex trading Forex Trading Forex trading is the buying and selling of foreign currencies with the aim of generating a profit. The value of currencies, especially floating currencies, fluctuate to varying degrees. This constant volatility of exchange rates opens the door for speculators to invest in a certain currency against another. The Forex market is the world’s biggest and most liquid market, with over $5 billion turnover every single day, with the market being open 24 hours a day, 5 days a week.It goes without saying Forex trading is the buying and selling of foreign currencies with the aim of generating a profit. The value of currencies, especially floating currencies, fluctuate to varying degrees. This constant volatility of exchange rates opens the door for speculators to invest in a certain currency against another. The Forex market is the world’s biggest and most liquid market, with over $5 billion turnover every single day, with the market being open 24 hours a day, 5 days a week.It goes without saying Read this Term services. At the firm, Dai rose from Forex Specialist to Manager of Sales and Client Management for China.

StoneX Group experienced a robust performance in the first quarter of the fiscal year 2024, generating $74.6 million in operating revenue from its forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term and CFD offerings. While this marked a significant increase of 53% compared to the same period last year, there was a slight decline of 6% from the prior quarter.

StoneX's revenue growth in Q1 came from retail sales of FX and CFD contracts, which contributed $66 million to operating revenue. This represented a substantial increase of 68% year-over-year.

Positive Financial Results

Despite the overall revenue growth, StoneX reported a decline of 15% year-over-year in the average daily volume of FX and CFD trading, which amounted to $10.9 billion. However, the rate per million surged 73% to $109, indicating higher profitability per trade.

StoneX, previously known as INTL FCStone, expanded its footprint into the retail FX and CFD industry with the acquisition of GAIN Capital for $236 million. This move positioned the New York-based group as a major player in the industry.

Besides that, StoneX Group recently unveiled plans to issue a $550 million bond due in 2031. This action aims to refinance existing debt. By targeting institutional buyers and entities outside the United States, StoneX seeks to leverage the global market to effectively address its financial needs.