Stonex Group Inc Stock Price, News & Analysis

StoneX Financial has established a commercial clearing partnership with Plantureux & Associés SAS, a Paris-based agricultural commodity broker. The collaboration aims to strengthen StoneX's presence in the European agricultural sector and enhance industry connections. Brett Phillpott, Head of Exchange Traded Futures and Options at StoneX Financial, expressed enthusiasm about the new association and future partnership development.

StoneX Digital International , a subsidiary of StoneX Group Inc. (NASDAQ: SNEX), has received approval from the Central Bank of Ireland to operate as a Virtual Asset Service Provider (VASP). The company will provide digital asset execution and custody services, offering liquidity and trading tools with API integration options. These services will integrate with StoneX's global prime brokerage services, complementing existing offerings across equities, ETFs, futures, and treasuries.

The approval strengthens StoneX's position in one of the EU's leading financial centers and expands its digital asset services for institutional clients. StoneX Digital, launched in June 2022, aims to provide institutional clients with sophisticated digital asset trading tools and market access as financial institutions seek regulated entities for their digital asset needs.

StoneX Financial , a subsidiary of StoneX Group Inc. (NASDAQ: SNEX), has obtained General Clearing Member (GCM) status from European Commodity Clearing AG (ECC). This achievement enables StoneX Financial to provide expanded services to Non-Clearing Members, including power and gas futures, spot contracts, and EEX carbon auctions. The GCM status enhances the company's ability to serve clients in power, gas, and carbon markets. This development follows other strategic expansions in 2024, including memberships in IIBX, TMX, ASX, and Abaxx Exchange.

StoneX Group reported strong fiscal Q4 2024 results with net income of $76.7 million, up 51% year-over-year, and quarterly diluted EPS of $2.32, up 48%. The company achieved record fiscal year results with net income of $260.8 million, up 9%, and quarterly net operating revenues of $454.8 million, up 13%. Strong client engagement drove increased volumes across most operating segments despite low volatility. The company's ROE reached 18.5% for the quarter. Operating revenues increased $142.1 million (18%) to $920.1 million, driven by growth in securities transactions and listed derivatives.

StoneX Group (NASDAQ: SNEX) announced it will release its fiscal 2024 fourth quarter financial results after market close on Tuesday, November 19, 2024. The company will host a conference call to discuss the results on Wednesday, November 20, 2024, at 9:00 a.m. Eastern Time. The call will be accessible via webcast at stonex.com, and participants can register through a provided link. A replay will be available on the company's website for those unable to attend the live broadcast.

FOREX.com, the leading forex broker in the US, has announced a partnership with Kalshi, a CFTC-regulated exchange for event outcome trading. The collaboration allows traders to combine forex trading with US Presidential Election outcome trading through Kalshi's platform. FOREX.com clients will receive a $20 bonus when accessing Kalshi's platform for election trading, subject to conditions. The partnership aims to enhance trading experiences and broaden access to political and market events, with plans for future event-based promotions.

StoneX Group has expanded its presence in India with new offices in Pune and Bengaluru, offering a combined capacity of 800 seats. Since establishing its Global Capability Centre in India in 2019, the company has grown to employ over 550 staff locally, experiencing a 40% year-over-year growth. The company has also opened an office in GIFT City and became the first international entity to be a trading and self-clearing member on the India International Bullion Exchange (IIBX), commencing precious metals trading operations in June 2024.

StoneX Group Inc. (SNEX) has issued a notice to stockholders regarding UK disclosure requirements following its unsolicited non-binding proposal to acquire CAB Payments Holdings plc on October 10, 2024. The announcement triggered an offer period under the UK City Code on Takeovers and Mergers. Key points include:

1. Stockholders with 1% or more interest in relevant securities must make Opening Position and Dealing Disclosures.
2. StoneX common shares are considered relevant securities.
3. The Takeover Panel's Market Surveillance Unit is available for questions.
4. Perella Weinberg UK is acting as StoneX's financial adviser.
5. There is no certainty that an offer will be made or its terms.

StoneX Group Inc. (NASDAQ: SNEX) has announced that its subsidiary, StoneX Metals , has completed the acquisition of JBR Recovery's precious metal recovery and refinery business. This strategic move deepens StoneX's metals offering by allowing ownership of a significant part of the supply chain and meeting the growing global demand for recycled silver.

JBR Recovery, one of only two UK companies accredited by the LBMA for supplying 'Good Delivery' silver to the London Bullion Market, processes materials containing silver, gold, and other platinum group metals. The acquisition expands StoneX's precious metals business to include owning and refining precious metals, enabling end-to-end management of metal trading from supply to delivery.

Michael Skinner, Global Head of Metals at StoneX, emphasized the acquisition's significance in furthering their market offering and providing clients with a full end-to-end service. Simon Meddings, Managing Director of JBR Recovery, expressed excitement about the acquisition, highlighting the potential for business growth and enhanced services to global customers.