Exclusive: StoneX Acquires Fintech Company Chasing Returns

StoneX Group, a leading financial services firm, announced that the company has executed a sale and purchase agreement today to acquire Chasing Returns, an Irish fintech firm that offers behavioral science products to facilitate retail and professional traders.

According to a press release shared exclusively with Finance Magnates, StoneX is planning to develop innovative products for its customers through the acquisition of Chasing Returns. The retail division of the Nasdaq-listed company offers its clients access to a broad range of financial markets products, including FX and commodities.

Founded in 2014, Chasing Returns is a Dublin-based financial technology firm. In the last seven years, the company launched a series of behavioral science-based products focused on the success of traders. The company’s ‘GamePlan’ product utilizes each trader’s historical trades to identify unique strengths and weaknesses based on a series of psychological metrics.

Commenting on the latest acquisition announcement, Ann Hunt, Founder and Chief Executive of Chasing Returns, said: “We are delighted to be joining StoneX as we believe that working more closely together, we can deliver more powerful tools for our traders, in a more integrated way. StoneX shares our vision of putting traders first, empowering them with the tools to learn from every trade and investing to help them achieve long-term success.”

“Behavioral science is an additional dimension to traditional Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term, helping traders to better navigate those emotional trading situations that can be detrimental to success. Trading Psychology is at the heart of trading success, and together with StoneX, we will ensure every trader has the psychological support in real-time as part of their trading journey,” Hunt added.

Expansion of StoneX

In 2020, StoneX completed the acquisition of GAIN Capital. Last week, the Group reported a jump in its operating revenues during the third quarter of the fiscal year 2021. The latest results include a substantial positive impact of the acquisition of GAIN Capital. Through the acquisition of Chasing Returns, StoneX aims to develop efficient risk management tools for traders.

"This acquisition further cements our dedication to providing our customers with the best-in-class risk management tools to increase their confidence and help protect their trading capital. We have a well-established partnership with Chasing Returns and since launch, have seen greatly improved customer engagement and received overwhelmingly positive feedback from our client base. With the acquisition of Chasing Returns, we will continue to develop innovative products that support our customers’ trading,” Glenn Stevens, StoneX’s Head of Retail and Foreign Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term, commented.