StoneX's London-based subsidiary, StoneX Financial Ltd, has extended its partnership with the UK rugby club Saracens, introducing new and exciting elements to the agreement that spans the entire club. This partnership promises significant changes, including a new look for the team's jerseys and enhanced community engagement.
Front-of-Shirt Branding
From the 2024/25 season, the StoneX logo will replace City Index on the front of Saracens' men's and women's team shirts, marking a new chapter in their ongoing partnership, the company announced today. StoneX, an institutional-grade financial services network, has been a key partner for Saracens since 2020, including league titles for both the men's and women's first teams.
StoneX's involvement with Saracens goes beyond traditional sponsorship. They are deeply integrated into the Saracens community, supporting the Saracens Foundation and providing work experience opportunities for students at Saracens High School.
Commenting about the renewed deal, Philip Smith, the CEO of StoneX Financial Ltd, expressed his enthusiasm for the renewed partnership: “As we celebrate our centenary this year, I am delighted to announce a long-term partnership with Saracens. The club and StoneX are driven by a relentless commitment to achieving excellence, shared values, and a unified vision for the future.”
Fans can expect to see the newly branded StoneX Stadium ready for the September kick-off. The financial service firm has welcomed the extended partnership, describing it as a testament to the success and upward trajectory of both organizations.
Long-term Partnership
The StoneX-Saracens partnership showcases how strategic collaborations can transcend traditional boundaries, driving both sports and business communities toward shared success.
In June, StoneX announced that it had executed and cleared the initial trade on the inaugural trading day of Abaxx Commodity Futures Exchange and Clearinghouse . This step enabled clients to access physically deliverable futures contracts for LNG and Carbon, with plans to include Nickel Sulphate contracts.
The launch sought to strengthen market price discovery and improve risk management tools for these essential commodities. Earlier, StoneX released its financial report from January to March, highlighting $80.3 million in revenue. This represented a 30% increase from forex and CFDs.
Despite the FX and CFDs revenue jump, there was a drop in the average daily volume (ADV). The ADV for FX and CFDs contracts for the three months dropped 23% to about $10.5 billion.
