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Retail FX

StoneX FX/CFD Revenue Jumps 21% as Retail Trading Surges

  • The total revenues from Forex and CFD operations achieved $84.7M in Q4 2024.
  • Moreover, the company reported a record quarterly profit with $76.7M net income, up 51%.
Wednesday, 20/11/2024 | 07:23 GMT by Damian Chmiel
Retail FX

StoneX Expands Operations in India, Joins International Bullion Exchange

  • The company established offices in Bangalore and Pune to tap into India’s financial services sector.
  • StoneX is also focussing on facilitating the trading of precious metals in the region.
Monday, 28/10/2024 | 18:39 GMT by Jared Kirui
Retail FX

StoneX Makes $480M Unsolicited Bid for UK's CAB Payments: Report

  • The revised offer is set at 145 pence per share, an 18% premium over CAB Payments' current price of 123 pence.
  • StoneX's previous bid, valuing CAB Payments at 115 pence per share, was rejected.
Thursday, 10/10/2024 | 21:10 GMT by Jared Kirui
Retail FX

StoneX Settles ICE Charges for $20,000 over Trade Practice Violations

  • The charges arose from an incident on April 27, 2023, involving opposing buy and sell orders.
  • No customer harm was reported in connection with the incident.
Friday, 20/09/2024 | 09:12 GMT by Tareq Sikder
Retail FX

StoneX's UK Subsidiary Renews Partnership with Rugby Club Saracens

  • The company's brand will replace City Index on the team's jerseys from the 2024/25 season.
  • StoneX has been a key partner for Saracens since 2020.
Wednesday, 07/08/2024 | 19:10 GMT by Jared Kirui
Retail FX

StoneX FX/CFDs Revenue Up by 6%, but FINRA Fine Overshadows Record Operating Numbers

  • The company achieved the highest revenues in its history, $468.5 million, and higher CFD numbers.
  • However, the positives are eclipsed by a decline in net profit and a fine of $75,000.
Wednesday, 07/08/2024 | 06:25 GMT by Damian Chmiel
Brokers

StoneX Makes Waves with Montreal Exchange and ASX Membership

  • The firm allows clients to exploit CME–TMX spread opportunities following its TMX entry.
  • The new status has followed the entry as a member of the ASX in April 2024.
Thursday, 01/08/2024 | 16:34 GMT by Tareq Sikder
Retail FX

StoneX Advances Market Access with New Commodities Trading Options

  • The firm executed its first trade on Abaxx Commodity Futures Exchange and Clearinghouse.
  • New trading platform supports energy transition with physical commodity contracts.
Friday, 28/06/2024 | 13:03 GMT by Tareq Sikder
Retail FX

StoneX’s Q2 FX and CFDs Revenue Jumps despite Trading Volume Drop

  • The revenue from the FX and CFDs contracts for the quarter came in at $80.3 million.
  • The group ended the quarter with net income of $53.1 million.
Thursday, 09/05/2024 | 05:12 GMT by Arnab Shome
Payments

NatWest Collaborates with StoneX to Expand Cross-Border FX Capabilities

  • The collaboration aims to utilize StoneX's platform and bank network to offer competitive FX rates.
  • The payment service will provide clear transaction details from the outset for precise fund delivery.
Wednesday, 17/04/2024 | 08:33 GMT by Tareq Sikder
Executives

StoneX Promotes Qianyue Dai as VP, Senior Manager Retail for China and Japan

  • Dai will oversee retail sales, institutional sales, and client management teams in China and Japan.
  • Previously, she served as the Senior Manager of Retail in China.
Monday, 15/04/2024 | 19:29 GMT by Jared Kirui
Retail FX

StoneX Group to Issue $550 Million Bond Targeting Debt Refinancing

  • The proceeds from the issued bond will be used to redeem existing debt.
  • The offering targets institutional buyers and certain entities outside the US.
Thursday, 15/02/2024 | 15:01 GMT by Jared Kirui
Brokers

StoneX’s Q1 FX and CFDs Revenue Strengthens YoY despite Quarterly Decline

  • The quarter's operating revenue from FX/CFDs amounted to $74.6 million.
  • The ADV from FX/CFDs trading totalled $10.9 billion.
Wednesday, 07/02/2024 | 07:06 GMT by Arnab Shome
Retail FX

News Nuggets | 16 November: Fortex Integrates with StoneX; XS.com Appoints Country Manager

  • Wedbush Securities was fined $350,000; the SEC charged traders following a fraud valued at $1.5 million.
  • Read today's FX/CFDs, crypto and fintech sectors' dynamic news.
Thursday, 16/11/2023 | 11:17 GMT by Damian Chmiel
Retail FX

FX and CFDs Revenue of StoneX Declines in Q4: ADV Takes 11% Hit

  • The quarterly operation revenue from FX and CFDs was $79.2 million.
  • The decline in the trading activity primarily made a dent in the revenue.
Thursday, 16/11/2023 | 10:24 GMT by Arnab Shome
Institutional FX

BTIG Files $200 Million Suit against StoneX for Alleged Code Theft

  • A tech heist may have handed StoneX illicit competitive advantages.
  • The company is said to have taken over six BTIG programmers.
Tuesday, 14/11/2023 | 09:22 GMT by Damian Chmiel
Retail FX

Gain Capital’s $236 Million Deal That Led to an Insider Trading Scandal

  • The former executive at StoneX Financial has settled insider trading charges.
  • They stem from trading activities involving GAIN Capital Holdings before its acquisition.
Tuesday, 31/10/2023 | 09:30 GMT by Damian Chmiel
Institutional FX

CFTC Imposes Fine on StoneX for Alleged Disclosure Breach

  • The fine involves alleged failure to disclose Pre-Trade Mid-Market Marks (PTMMMs) in swap transactions.
  • StoneX has admitted to the alleged violations, according to the regulator.
Wednesday, 20/09/2023 | 19:54 GMT by Jared Kirui
Retail FX

News Nuggets | 7 June: UK Bank Taps Integral; StoneX's Prime Brokerage

  • Also, the launch of a Bitcoin mining facility in El Salvador.
  • Read today's FX/CFDs, crypto and fintech sectors' dynamic news.
Wednesday, 07/06/2023 | 09:25 GMT by Finance Magnates Staff
Retail FX

StoneX's FX/CFDs Revenue Drops 38% in Q2

  • The Group owns Forex.com and City Index brands.
  • Retail FX/CFDs ADV went down 22 percent.
Thursday, 04/05/2023 | 06:54 GMT by Arnab Shome
CryptoCurrency

StoneX Taps Coinbase for Offering Nano Crypto Contracts

  • StoneX Financial clients will now have access to nano Bitcoin and Ethereum futures.
  • Nodal Clear has been appointed to clear these contracts.
Friday, 14/04/2023 | 06:40 GMT by Arnab Shome
Institutional FX

StoneX Unveils Defeasance Sales & Trading Division, Hires Experienced Truist Trio

  • StoneX Financial launches defeasance sales and trading, enhancing fixed-income business.
  • The new division debuts at StoneX, backed by an experienced Truist Securities trio.
Thursday, 16/03/2023 | 09:13 GMT by Damian Chmiel
Executives

Sova Capital’s Clifford-Newman Joins StoneX as SVP, Prime Services Sales

  • The senior executive brings over a decade of experience to the new role.
  • StoneX Group's subsidiaries made executive appointments in recent months.
Monday, 13/02/2023 | 19:28 GMT by Solomon Oladipupo
Retail FX

StoneX Sees 32% Q1 FY23 FX/CFDs Revenue Drop from Dull Retail Demand

  • ADV from retail FX/CFDs contracts decreased by 10 percent.
  • Overall, the group reported an 84 percent jump in net income.
Wednesday, 08/02/2023 | 07:13 GMT by Arnab Shome
Executive Moves

StoneX Digital Hires Matthew Ardizzone as Digital Asset MD

  • He brings about 30 years of experience to the role.
  • The digital asset division was established last June.
Wednesday, 25/01/2023 | 06:43 GMT by Arnab Shome
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