Stonex Group Inc Stock Price, News & Analysis

StoneX Group Inc. (NASDAQ:SNEX) has announced a partnership with Coinbase Derivatives Exchange (CDE) and Nodal Clear, enabling its clients to access a comprehensive range of CDE contracts through Nodal Clear’s clearing services. This includes nano Bitcoin and Ethereum futures contracts, specifically designed for retail traders seeking to participate in crypto markets. According to Clayton Passero, Managing Director at StoneX Financial, this arrangement enhances client choice and caters to various trading needs. Boris Ilyevsky, CEO of CDE, expressed confidence that StoneX’s reach would contribute positively to their futures markets. Nodal Clear's Paul Cusenza noted the expansion of services for StoneX customers, facilitating access to all markets served by Nodal Clear.

StoneX Group Inc. and AirCarbon Pte. Ltd. have signed a strategic agreement to establish a digital carbon marketplace in the United States. This initiative will enhance liquidity and transparency in carbon trading, leveraging ACX's existing technology for order matching and settlement. The marketplace aims to serve a diverse range of clients, including project developers and traders of carbon credits.

Oscar Schaps, President of Latin America FCM Division at StoneX, emphasized the commitment to carbon trading, while ACX's Co-CEO highlighted the expansion of their ecosystem into North America. This partnership opens new avenues for clients involved in carbon markets.

StoneX Group reported strong Q1 2023 results with operating revenues of $654.8 million, a 45% increase year-over-year. The company achieved net income of $76.6 million, representing an 84% growth. The diluted EPS rose to $3.62, marking a 77% increase. Significant contributors included a $23.5 million non-taxable gain from the CDI acquisition. Interest income surged by 533% due to higher client assets and interest rates. Despite reduced trading conditions late in the quarter, the company maintains a ROE of 27.3% and expresses confidence in ongoing growth strategies.

StoneX Group Inc. (NASDAQ: SNEX) will release its fiscal 2023 first quarter results on February 7, 2023, after market close. A conference call is scheduled for February 8, 2023, at 9:00 AM ET to discuss the results. The Company operates a global financial services network providing trading, clearing, and execution services. StoneX serves over 54,000 commercial and institutional clients, alongside more than 400,000 retail accounts, with approximately 3,700 employees worldwide.

StoneX Group Inc. (NASDAQ: SNEX) will release its fiscal 2022 fourth quarter results after market close on November 21, 2022. A conference call to discuss the results is scheduled for November 22, 2022, at 9:00 a.m. ET. The call will be accessible via a live web cast, with additional details available on the company's website. StoneX operates a global financial services network, serving over 52,000 commercial and institutional clients worldwide. For more information on the call and StoneX, visit their official website.

StoneX Group Inc. announced the acquisition of CDI-Societe Cotonniere De Distribution S.A, expanding its cotton trading and hedging capabilities.

This strategic move increases StoneX’s trading footprint in Brazil and presence in Continental Europe, particularly Switzerland. The acquisition enhances access to established and emerging markets and integrates an experienced team into StoneX’s operations. The deal, which closed on October 31, 2022, is expected to generate further value for customers and investors, although financial terms were not disclosed.

StoneX Group Inc. has joined the SWIFT Platform Partnership Program through its subsidiary, enhancing client connectivity to the SWIFT network via APIs. This membership allows StoneX clients to benefit from increased transparency and real-time data for international payments without intermediaries. The initial rollout will be focused on StoneX Global Payments, utilizing APIs for pre-validation and tracking of cross-border transactions. This strategic move positions StoneX to improve client experience and streamline financial transactions.

StoneX Group Inc. (NASDAQ: SNEX) announced that clients of its subsidiary, StoneX Financial Inc., can now access a full suite of physically deliverable environmental futures and options contracts via Nodal Exchange. This expansion enables clients to implement environmentally conscious practices, manage risk, and comply with regulations across markets like sustainable energy, carbon emissions, and renewable fuels. The demand for these contracts has surged due to evolving environmental policies, enhancing StoneX's offerings for a diverse clientele.