Tag: StoneX

Acquisition
March 02, 2021 BY Steffy Bogdanova

StoneX acquires a minority stake in Tigress Financial Partners

Founded in 2011 by Wall Street veteran Cynthia DiBartolo, Esq., Tigress Financial Partners LLC, the company is diversity SEC/FINRA registered full-service broker dealer providing services in capital markets underwriting, investment banking, equity research, global debt and equity securities sales and trading, and investor services including global wealth management and asset management. Cynthia DiBartolo, CEO of…

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StoneX
February 17, 2021 BY Steffy Bogdanova

StoneX launches enterprise-grade solution for messaging hub

Chandu Venugopal, Global Product Manager for the StoneX Messaging Hub, stated: With XMH, financial institutions and multinational corporates can greatly reduce the cost of their operations with a platform that is efficient, secure, and compliant. Users of The StoneX Messaging Hub will also have access to a customisable dashboard showing their current global cash positions…

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Forex Weekly Look Back
February 12, 2021 BY Steffy Bogdanova

Forex Weekly Look Back: StoneX revenue up 1,200%, FXSpotStream appoints Matthew Fic as Americas Head of Sales

Multi-asset broker Exness will be taking part in the iFEX virtual expo on the 10th and 11th of February as a strategic sponsor. The first financial virtual expo in the MENA region will attract attendees from leading brands in the online trading, fintech, banking, digital assets, blockchain, and payments sphere, in a full-scale, highly immersive…

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StoneX
February 12, 2021 BY Steffy Bogdanova

StoneX taps Genesis low-code application platform to digitise middle office workflows

The Genesis Low-Code Platform (LCAP) is the only low-code platform native to financial markets and created to focus on the specific requirements of the industry. It offers rapid creation and deployment of applications to meet the traditional automation and simple Business Process Management (BPM) needs and the complex use cases requiring event handling processors and…

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StoneX
February 09, 2021 BY Steffy Bogdanova

StoneX revenue rises 1,200% after acquiring Gain Capital

StoneX completed the acquisition of Gain Capital in August 2020 in a $36 million deal. To execute its plan for the merger of GAIN’s UK operations, the company preparing to mitigate its exposure to the British Pound in the Gain subsidiaries. As part of its strategy, StoneX increased the US dollar balances in the Gain…

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Forex Weekly Look Back
January 15, 2021 BY Steffy Bogdanova

Forex Weekly Look Back: Swissqute revenue expectations rise 5%, ActivTrades adds commission-free equities trading

CLS, a market infrastructure delivering settlement, processing and data solutions, has announced that Alfa-Bank and First Abu Dhabi Bank (FAB) have agreed to initiate onboarding to CLSNet, a standardized, automated bilateral payment netting calculation service for more than 120 currencies. The CLSNet service standardizes and increases the levels of payment netting in the FX market. By…

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StoneX enters a four-year sponsorship deal with Saracens Rugby
January 11, 2021 BY Steffy Bogdanova

StoneX enters a four-year sponsorship deal with Saracens Rugby

The partnership is an important vote of confidence in Saracens as professional rugby continues to face major challenges during the COVID-19 pandemic. The sponsorship will help to ensure that the club keeps its management and players, while maintaining its academy. It will provide help to support the development of the stadium’s West Stand and the…

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fine
December 14, 2020 BY Steffy Bogdanova

CBOT fines StoneX $20K for trade transfer violations

CBOT stated: The transfers were not made to reconcile an error, omission, or outtrade. CBOT also noted that StoneX has self-reported the transfers, however it had neither admitted nor denied the allegations. LeapRate recently reported that StoneX, formerly known as INTL FCStone, registered excellent financials for the fourth quarter of the fiscal year 2020. The…

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Forex Weekly Look Back
December 11, 2020 BY Steffy Bogdanova

Forex Weekly Look Back: FXCubic partners with M4Markets, StoneX reports $81.8 million bargain purchase from GAIN acquisition

The Australian Securities and Investments Commission (ASIC) announced raising civil proceedings in Federal Court against Union Standard International Group Pty Ltd (trading as usgfx) and its former corporate authorised representatives, Maxi EFX Global AU Pty Ltd (trading as EuropeFX) and BrightAU Capital Pty Ltd (trading as TradeFred). The UK Financial Conduct Authority announced making the…

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