Stonex Group Inc Stock Price, News & Analysis

StoneX Group (NASDAQ: SNEX) has completed the acquisition of Octo Finances SA, a Paris-based fixed income broker. The strategic move aims to expand StoneX's fixed income offerings and strengthen its European presence. Octo Finances, established in 1991, brings expertise in bond and convertible sales, debt capital markets, and credit research, having published over 75,000 reports since its inception.

Anthony Di Ciollo, Global Head of Fixed Income at StoneX, expressed enthusiasm about the acquisition, highlighting ongoing joint planning and growth opportunities for the combined business in Europe.

StoneX Group Inc. (NASDAQ: SNEX) has announced it will release its fiscal 2025 first quarter financial results after market close on Wednesday, February 5, 2025. The company will hold a conference call the following day, Thursday, February 6, 2025, at 9:00 a.m. Eastern Time, where management will review the quarterly results.

Interested parties can access the live webcast and additional information in PDF format at stonex.com. Participants can join the call via a registration link approximately ten minutes before the start time. For those unable to attend the live broadcast, a replay will be available on the company's website.

StoneX Group (NASDAQ: SNEX) has announced significant executive management changes. Sean O'Connor, current CEO, will transition to Executive Vice-Chairman of the Board, focusing on long-term strategy, capital allocation, and M&A. Philip Smith, currently overseeing Commercial and Payments segments, will become Group CEO, while Charles Lyon, responsible for the Institutional segment, will assume the role of Group President.

Under O'Connor's 22-year leadership, StoneX grew from a small operation with less than 10 people and $10 million in equity capital to a global financial franchise with nearly 5,000 employees and $3.3 billion in market value. Additionally, Glenn Stevens, who joined StoneX following the GAIN Capital acquisition in 2020 and leads the Self-Directed/Retail segment, will retire at the end of 2024.

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.