StoneX Group Releases Institutional Credit Offering in Asia

StoneX Group Inc. (Nasdaq: SNEX), which owns major retail FX trading brands like Forex.com and City Index, announced on Tuesday that it had launched its institutional credit offering in Asia.

According to the press release, with plans to expand into Australia and Hong Kong, StoneX has opened a fixed-income sales and trading desk in Singapore. Clients in APAC will be able to receive trading and execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term advisory services, as well as cross-border facilitation across the entire credit spectrum, through the Asia-based desk. In addition to the firm’s global distributed network, StoneX’s new desk in Singapore will enable the firm to offer clients 24-hour service as well as unlock its full potential.

APAC fixed income desk will be led by Robert Hong at StoneX. Most recently, Hong served as Managing Director of Cantor Fitzgerald’s Singapore fixed income division, overseeing their global credit markets. He spent over twenty years at Deutsche Bank managing Asia credit and emerging markets trading operations before joining Cantor Fitzgerald.

“Adding a strong fixed income offering in Asia is a significant step toward building a full-service, global, fixed income offering and advances our goal of providing global, 24-hour, fixed income trading. With the strength of our U.S. and EMEA offerings, it was a natural progression for us to utilize the geographical diversity of StoneX to further build in APAC. StoneX has a reputation for providing consistent liquidity across a robust array of fixed-income products, and our new desk brings proven industry expertise that allows us to connect clients globally in a challenging market environment,” Anthony Diciollo, the Global Co-Head of Fixed Income for StoneX, pointed out.

Greg Kallinikos, the Chief Executive Officer of StoneX in Asia, commented: “Our fixed income desk brings yet another product suite to the APAC region and emphasizes StoneX’s commitment to regional specialization within a global product offering. In 2019, we significantly strengthened our footprint in Singapore with the launch of an Asia-focused derivatives clearing Clearing Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. Th Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. Th Read this Term and execution business. Our regional operations have since grown significantly in tandem with the Group’s strengthening position in both wholesale and retail markets. The institutional credit offering is the latest in StoneX’s expansion into the region, in keeping with the rollout of our trademark boots-on-the-ground perspective across global markets. We continue to leverage our decades of market expertise as well as the financial strength of StoneX Group to unlock value for our clients and provide best-in-class service.”