StoneX(SNEX)
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StoneX to Acquire The Benchmark Company, Adding Capabilities in Investment Banking
Globenewswire· 2025-03-11 12:00
Core Viewpoint - StoneX Group Inc. has signed an agreement to acquire The Benchmark Company, enhancing its equity and debt capital markets offerings, particularly in equity research and investment banking [1][2]. Company Overview - StoneX Group Inc. operates a global financial services network, connecting various market participants through digital platforms and extensive services. The company serves over 54,000 clients and has more than 4,400 employees across 70 offices worldwide [5]. - The Benchmark Company, founded in 1988, specializes in research, sales and trading, and investment banking services, focusing on delivering superior client service and market access [6]. Strategic Implications - The acquisition will establish a franchise-level equity research and investment banking platform at StoneX, significantly enhancing its equities capabilities and ability to provide deep market insights and comprehensive solutions to clients [3]. - The addition of Benchmark's expertise will also enhance StoneX's debt capital markets offerings, leveraging its global fixed income distribution network to deliver greater value to clients [4]. Leadership and Integration - Richard Messina, the Founder and CEO of Benchmark, will continue to lead the division within StoneX, indicating a commitment to integrating Benchmark's legacy platform with StoneX's capabilities [2][3].
StoneX Group CEO Philip Smith on Gold Market Volatility
Globenewswire· 2025-02-21 16:00
Group 1: Market Insights - The Chief Executive of StoneX Group, Philip Smith, highlighted a significant pricing disconnect between New York futures contracts and the London OTC physical market, with discrepancies ranging from $25 to $30 an ounce, compared to a December high of $60, affecting market efficiency [2] - There has been a notable surge in physical gold moving into the United States, with estimates of over 2,000 tons entering the market in the past 7 to 8 weeks, marking one of the largest physical movements of gold globally [3] - Smith expressed caution regarding gold price predictions, indicating that existing price discrepancies are unlikely to narrow until there is more clarity on tariff policies from the Trump administration [4] Group 2: Economic Implications - The ongoing ambiguity surrounding tariffs is believed to have a disproportionate and distorting effect on gold prices, with expectations that once certainty is established, gold markets can revert to normal fundamentals, leading to greater price stability [5] - Analysis from StoneX suggests that Trump's aggressive fiscal policies and protectionist stance may fuel inflationary pressures, potentially delaying the Federal Reserve's rate cut, which would support bond yields and create headwinds for gold [6] Group 3: Company Positioning - StoneX Group is well-positioned to facilitate the movement of gold into the United States, providing a comprehensive suite of gold services, including physical trading, financial derivatives, vaulting, and storage, to support large banks and financial institutions [6] - The company operates a global financial services network, serving over 54,000 commercial, institutional, and payments clients, and more than 400,000 retail accounts, with a strong presence across six continents [7]
StoneX Payments to Showcase Cross-Border FX Capabilities at BAFT Europe Bank-to-Bank Forum 2025
Globenewswire· 2025-02-21 12:29
Core Insights - StoneX Group Inc. announced its participation as a sponsor and speaker at the 2025 BAFT Europe Bank-to-Bank Forum in Amsterdam, focusing on cross-border payments and banking relationships [1] - The Payments Division of StoneX will showcase its institutional-grade infrastructure for executing international payments across over 140 currencies and 180 countries [2] Group 1: Company Overview - StoneX Group Inc. is a Fortune 100 global financial services company providing execution, risk management, advisory, and market access solutions across various sectors including commodities, securities, global payments, and foreign exchange [7] - The company operates with over 4,300 employees and serves more than 54,000 commercial, institutional, and global payments clients, along with over 400,000 retail accounts from more than 80 offices worldwide [7] Group 2: Payments Division Highlights - StoneX Payments aims to enhance FX payment capabilities for financial institutions by leveraging a network of nearly 400 correspondent banks, offering seamless currency flows, competitive pricing, and full principal protection [3] - The division addresses the growing demand for faster, lower-cost, and more transparent international transactions by working closely with clients to eliminate inefficiencies and reduce transaction costs [5] Group 3: Event Participation - David Willacy, Head of Trading EMEA – Payments FX at StoneX, will present on cross-border FX transactions in emerging and lesser-traded currencies, discussing challenges such as liquidity, settlement risks, and regulatory constraints [4] - StoneX Payments representatives will be available for one-on-one discussions at the BAFT Europe Forum to explore customized strategies for improving cross-border payment capabilities [6]
2025's The Showdown 5 Sets Sales Pace Record
Newsfilter· 2025-02-21 12:13
Group 1 - The Showdown 5 has achieved its fastest-ever sales rate with over 45,000 tickets sold for the match between Saracens Rugby Club and Harlequins F.C. [1] - The event is set to take place on March 22, 2025, at the Tottenham Hotspur Stadium, featuring international rugby stars [2] - Last year's Showdown 4 saw Saracens win decisively with a score of 52-7, marking Owen Farrell's 250th appearance for the team [3] Group 2 - The upcoming Showdown 5 promises an expanded five-hour entertainment program, including live music and fireworks, aiming to enhance the spectator experience [4] - The Tottenham Hotspur Stadium, which hosted 61,000 fans last year, is noted for having Europe's longest bar and an in-house brewery [4]
2025's The Showdown 5 Sets Sales Pace Record
GlobeNewswire News Room· 2025-02-21 12:13
Group 1 - The Showdown 5 has achieved its fastest-ever sales rate with over 45,000 tickets sold for the match between Saracens Rugby Club and Harlequins F.C. [1] - The event is set to take place on March 22, 2025, at the Tottenham Hotspur Stadium, featuring international stars from both teams [2] - Last year's Showdown 4 saw Saracens win decisively with a score of 52-7, and the upcoming match is expected to reignite the rivalry as both teams compete for crucial points in the Premiership [3] Group 2 - The 2025 Showdown 5 is anticipated to be a larger event than last year, which attracted 61,000 fans, with an expanded five-hour entertainment program including live music and fireworks [4] - The Tottenham Hotspur Stadium features Europe's longest bar and an in-house brewery, enhancing the overall experience for attendees [4] Group 3 - StoneX Group Inc. operates a global financial services network, providing a blend of digital platforms, clearing and execution services, and deep expertise to its clients [5] - The company is a Fortune 100 entity headquartered in New York City, listed on the Nasdaq Global Select Market, and serves over 54,000 commercial and institutional clients [5] - StoneX Group Inc. employs over 4,300 staff across more than 80 offices worldwide, catering to both retail and institutional clients [5]
FOREX.com to Exhibit at Invest Cuffs Conference in Krakow
Globenewswire· 2025-02-21 11:48
Group 1 - FOREX.com, a subsidiary of StoneX Group Inc., will participate in the Invest Cuffs conference as the official Chillout Zone Partner, marking its first appearance at this significant investment event in Poland [1][5] - Invest Cuffs has been a key event for financial education and investment discussions in Poland for over a decade, attracting thousands of attendees interested in various investment opportunities, including real estate and cryptocurrencies [2] - The conference will feature over 120 exhibitors, providing FOREX.com with a platform to engage with local and international financial experts, reinforcing its commitment to investment awareness in the region [3] Group 2 - Marcin Tuszkiewicz, CEO of Squaber.com and an experienced FOREX.com trader, will represent the company at the event, delivering a session on price action analysis and investment psychology on March 29 [4] - The event is expected to offer valuable networking opportunities and discussions on the future of investing, with FOREX.com inviting attendees to visit its booth to learn more about its trading solutions [5] Group 3 - StoneX Group Inc. operates a global financial services network, connecting various market participants through digital platforms and execution services, serving over 54,000 clients and more than 400,000 retail accounts worldwide [6] - FOREX.com is recognized as a leading online trading provider, supporting over 1 million traders globally with competitive pricing and transparent execution [7]
StoneX Unites with Women's Run Series to Champion Athletics Diversity
Newsfilter· 2025-02-21 08:25
Core Insights - StoneX Financial Ltd continues its partnership with the Women's Run Series, aimed at increasing female and ethnic minority participation in athletics [1][2] - The next event is scheduled for International Women's Day on March 8, 2025, at Queen Elizabeth Olympic Park in London [1] - The Women's Run Series is supported by RunThrough and focuses on creating an inclusive environment for runners of all backgrounds [2] Company Overview - StoneX Group Inc. operates a global financial services network, connecting various entities to the market ecosystem through digital platforms and execution services [4] - The company is a Fortune 100 entity headquartered in New York City, listed on the Nasdaq Global Select Market (NASDAQ:SNEX), and employs over 4,300 staff [4] - StoneX serves more than 54,000 commercial, institutional, and global payments clients, along with over 400,000 retail accounts across more than 80 offices worldwide [4]
StoneX Unites with Women's Run Series to Champion Athletics Diversity
GlobeNewswire News Room· 2025-02-21 08:25
Core Points - StoneX Financial Ltd continues its partnership with the Women's Run Series, aimed at increasing female and ethnic minority participation in athletics [1][2] - The next event is scheduled for International Women's Day on March 8, 2025, at Queen Elizabeth Olympic Park in London [1] - The Women's Run Series is supported by RunThrough and focuses on creating an inclusive environment for runners of all backgrounds [2] Company Overview - StoneX Group Inc. operates a global financial services network, connecting various entities to the market ecosystem through digital platforms and expertise [4] - The company is a Fortune 100 entity headquartered in New York City, listed on the Nasdaq Global Select Market (NASDAQ: SNEX) [4] - StoneX serves over 54,000 commercial, institutional, and global payments clients, along with more than 400,000 retail accounts, from over 80 offices across six continents [4]
StoneX Hedge® Reaches 1B Bushels Hedged
Globenewswire· 2025-02-20 21:04
Core Insights - StoneX Group Inc. has achieved a significant milestone with its web-based merchandising platform, StoneX Hedge, surpassing a total hedge volume of over 1 billion bushels of grain [1] - The platform integrates hedge execution with enterprise resource planning (ERP) systems, significantly reducing the time required for processing hedge orders from 2-10 minutes to just 2-10 seconds [2] - StoneX Hedge is designed to optimize risk management and operational efficiency, offering real-time automation, centralized risk visibility, and integration with leading ERPs [3] Company Overview - StoneX Group Inc. operates a global financial services network, connecting various market participants through digital platforms and execution services [4] - The company is a Fortune 100 entity headquartered in New York City, listed on the Nasdaq Global Select Market, and employs over 4,300 staff [4] - StoneX serves more than 54,000 commercial, institutional, and global payments clients, along with over 400,000 retail accounts across more than 80 offices worldwide [4]
StoneX Group Inc. (SNEX) Q1 2025 Earnings Conference Call Transcript
Seeking Alpha· 2025-02-06 21:43
Core Viewpoint - StoneX Group Inc. reported its earnings for the first quarter of fiscal year 2025, which ended on December 31, 2024, during a conference call held on February 6, 2025 [3]. Group 1: Earnings Report - The earnings conference call was led by Bill Dunaway, the Chief Financial Officer, who welcomed participants and provided an overview of the results [2][3]. - A press release detailing the quarterly results was issued after market close on the previous day, and additional materials, including a slide presentation, were made available on the company's website [3]. Group 2: Regulatory Compliance - The company reminded participants that discussions during the call should be considered alongside the most recent financial statements filed with the SEC, specifically the Form 10-Q [4]. - Forward-looking statements were mentioned, indicating that they involve known and unknown risks and uncertainties, which are detailed in the company's SEC filings [4].