StoneX Group Inc. operates a global financial services network that connects companies, organizations, traders and investors to the global market ecosystem through a unique blend of digital platforms, end-to-end clearing and execution services, high touch service and deep expertise.
The company strives to be the one trusted partner to its clients, providing its network, product and services to allow them to pursue trading opportunities, manage their market risks, make investments and improve th...
StoneX Group Inc. operates a global financial services network that connects companies, organizations, traders and investors to the global market ecosystem through a unique blend of digital platforms, end-to-end clearing and execution services, high touch service and deep expertise.
The company strives to be the one trusted partner to its clients, providing its network, product and services to allow them to pursue trading opportunities, manage their market risks, make investments and improve their business performance. The company’s businesses are supported by its global infrastructure of regulated operating subsidiaries, its advanced technology platforms.
The company offers a vertically integrated product suite, beginning with high-touch and electronic access to nearly all major financial markets worldwide, as well as numerous liquidity venues. The company delivers this access through the entire lifecycle of a trade, from deep market expertise and on-the-ground intelligence to best execution and finally post-trade clearing, custody and settlement services. The company’s business model has created a revenue stream that is diversified by asset class, client type and geography, earning commissions and spreads as clients execute transactions across its global network, monetizing non-trading client activity, including interest and fee earnings on client balances, as well as earning consulting and fees for its market intelligence and risk management services.
The company serves more than 54,000 commercial, institutional, and payments clients, and over 400,000 self-directed/retail accounts located in more than 180 countries. The company’s clients include commercial entities, regional, national and introducing broker-dealers, asset managers, insurance companies, brokers, institutional and individual investors, professional traders, commercial and investment banks, as well as government and non-governmental organizations (NGOs).
The company engages in direct sales efforts to seek new clients, with a strategy of extending its services to potential clients that are similar in size and operations to its existing client base. In executing this strategy, it intends to both target new geographic locations and expand the services offered in geographic locations in which it operates in an effort to increase its market share or where there is an unmet demand for its services. Through its mobile platforms and intranet websites, including StoneX.com, FOREX.com, and StoneXBullion.com the company seeks to attract and onboard new clients generated from digital marketing and brand advertising initiatives. The company also pursues new clients through indirect channels, including its StoneX Marketing Partners affiliate program, StoneX.com/marketing partnerships; its relationships with introducing brokers, who solicit clients on its behalf; and white label partners, who offer its services to their clients under their own brand. In addition, the company selectively pursues small- to medium-sized acquisitions, focusing primarily on targets that satisfy specified criteria, including client-centric organizations that enable it to increase market share in existing products, or which help it expand into new asset classes, client segments and geographies where it has a small or limited market presence. The company is well positioned to capitalize on key trends impacting the financial services sector.
Capabilities
The company connects its clients to global financial and physical markets and liquidity sources to enable them with efficient access to a broad array of financial and physical products through a combination of high-touch service and digital platforms in pursuit of their business objectives. The company’s financial network connects its clients to over 40 derivatives exchanges, 185 foreign exchange markets, most global securities exchanges and over 18,000 over-the-counter markets.
Execution
The company provides trade execution services to its clients via both high-touch service and electronically through a wide variety of technology platforms that connect them to markets across the globe. Asset and product types include listed futures and options on futures, equities, mutual funds, ETFs, equity options, foreign currencies, corporate, government and municipal bonds and unit investment trusts.
Clearing
The company provides competitive and efficient clearing on all major futures exchanges globally. One of its subsidiaries is one of the largest non-bank futures commission merchant (FCM) in the United States (U.S.) as of September 30, 2024 and its United Kingdom (U.K.) subsidiary is one of only seven Category One ring dealing members of the London Metals Exchange (the LME). In addition, the company acts as an independent full-service provider of clearing, custody, research and security-based lending products in the global securities markets. The company provides multi-asset prime brokerage, outsourced trading and custody, as well as self-clearing and introduced clearing services for hedge funds, mutual funds and family offices. The company provides prime brokerage services in major foreign currency pairs and swap transactions to institutional clients. Additionally, the company provides clearing of foreign exchange transactions, as well as clearing of a wide range of over-the-counter (OTC) products.
OTC / Market-Making
The company offers clients access to the OTC markets for a broad range of traded commodities, global securities, foreign currencies, contracts for difference (CFD) and interest rate products. For clients with commodity price and financial risk, its customized and tailored OTC structures help mitigate those risks by integrating the processes of product design, execution of the underlying components of the structured risk product, transaction reporting and valuation.
The company provides market-making and execution in a variety of financial products, including commodity derivatives, unlisted American Depository Receipts (ADRs) and Global Depository Receipts (GDRs), foreign ordinary shares, and foreign currencies. In addition, the company is an institutional dealer in fixed income securities, including the U.S. Treasury, the U.S. government agency, agency mortgage-backed, asset-backed, corporate, emerging market, convertible and high-yield securities.
Payments
The company has built a scalable platform to provide end-to-end global payment solutions to banks and commercial businesses, as well as charities, NGOs and government organizations. The company offers payments services in more than 140 currencies. In this business, the company primarily acts as a principal in buying and selling foreign currencies on a spot basis deriving revenue from the difference between the purchase and sale prices. Through its comprehensive platform and its commitment to client service, the company provides simple and fast execution, delivering funds in any of these countries quickly through its global network of approximately 350 correspondent banking relationships.
Advisory Services
The company provides value-added advisory services and high-touch trade execution across a variety of financial markets, including commodities, foreign currencies, interest rates, institutional asset management and independent wealth management. For commercial clients with exposure to commodities, foreign currencies and interest rates, the company works through its proprietary Integrated Risk Management Program (IRMP) to systematically identify and quantify their risks and then develop strategic plans to effectively manage these risks with a view to protecting their margins and ultimately improving their bottom lines.
The company also participates in the underwriting and trading of agency mortgage-backed, commercial mortgage-backed, asset-backed and municipal securities, as well as structured credit in domestic and international markets. Through its asset management activities, the company leverages its specialist expertise in niche markets to provide institutional investors with tailored investment products. Through its independent wealth management business, the company provides advisory services to the growing retail investor market.
Market Intelligence
The company’s Market Intelligence platform provides its clients with access to deep data and incisive commentary from its expert traders and analysts from across its global network. This platform focuses on providing local, actionable insights and detailed intelligence from every market the company trades, through the lens of its professionals, who leverage first-hand knowledge and personal connections to deliver a unique advantage for its clients.
Physical Trading
The company acts as a principal to support the needs of its clients in a variety of physical commodities, primarily precious metals, as well as across the commodity complex, including renewable fuels, grains, oil seeds, cotton, coffee, cocoa, fats and oils and feed products. Through these activities, the company has the ability to offer a simplified risk management approach to its commercial clients by embedding more complex hedging structures as part of each physical contract to provide clients with enhanced price risk mitigation. The company also offers clients efficient off-take or supply services, as well as logistics management.
Operating Segments
The company operates through four segments, including Commercial, Institutional, Self-Directed/Retail, and Payments.
Commercial
The Commercial segment comprises the activities associated with the identification, management, hedging and monitoring of various commodity and financial risks faced by commercial entities in their business cycles, including risks related to interest rates, foreign exchange, agricultural commodities, energy and renewable fuels, industrial metals, precious metals, and other physical commodities.
The company offers its commercial clients a comprehensive array of products and services, including risk management and hedging services, execution and clearing of exchange-traded and OTC products, voice brokerage, market intelligence and physical trading as well as commodity financing and logistics services.
The company’s risk management consulting services are designed to quantify and monitor commercial entities’ exposure to commodity and financial risk. Upon assessing this exposure, the company develops a plan to control and hedge these risks with post-trade reporting against specific client objectives. The company’s clients are assisted in the execution of their hedging strategies through a wide range of products from listed exchange-traded futures and options to basic OTC instruments that offer greater flexibility, to structured OTC products designed for customized solutions and physical contracts.
The company’s execution and clearing services span virtually all traded commodity markets, with the largest concentrations in agricultural and energy commodities (consisting primarily of grains, energy and renewable fuels, coffee, sugar, cotton, and food service), as well as precious and base metals products. The company also provides execution of foreign currency forwards and options and interest rate swaps, as well as a wide range of structured product solutions to its commercial clients who are seeking hedging strategies.
The company provides a full range of physical trading capabilities in precious metals markets providing its clients the ability to purchase physical gold and other precious metals, in multiple forms, and in denominations of their choice. In its precious metals activities, the company acts as a principal, committing its own capital to buy and sell precious metals on a spot and forward basis.
In addition, the company acts as a principal to facilitate physical commodity trading and provide marketing, procurement, logistics and price management services to clients across the commodity complex, including renewable fuels, grains, oil seeds, cotton, coffee, cocoa, sugar, fats and oils and feed products. The company selectively provides financing to commercial companies against physical inventories.
Within this segment the company organizes its marketing efforts into client industry product lines including agricultural, energy and renewable fuels, metals and various other commodities, servicing commercial producers, end users and intermediaries around the world.
Institutional
The company provides institutional clients with a complete suite of equity trading services to help them find liquidity with best execution, consistent liquidity across a robust array of fixed income products, competitive and efficient clearing and execution in all major futures and securities exchanges globally, as well as prime brokerage in equities and major foreign currency pairs and swap transactions. In addition, the company originates, structures and places debt instruments in the domestic and international capital markets. These instruments include agency mortgage-backed, commercial mortgage-backed, asset-backed and municipal securities, as well as structured credit.
Securities
The company provides value-added solutions that facilitate cross-border trading in equity securities and its clients value its ability to manage complex transactions, including foreign exchange, utilizing its local understanding of market convention, liquidity and settlement protocols around the world. The company’s clients include U.S.-based regional and national broker-dealers and institutions investing or executing client transactions in international markets and foreign institutions seeking access to the U.S. securities markets. The company makes markets in more than 16,000 equities on the NYSE, NASDAQ, and various OTC markets, including ETFs and over 7,000 ADRs, GDRs and foreign securities making it one of the leading market makers in foreign securities. In addition, the company makes prices in more than 10,000 foreign equities listed on foreign exchanges. The company is also a broker-dealer in Argentina, Brazil and in the U.K., where it is active in providing institutional executions in the local capital markets.
The company acts as an institutional dealer in fixed income securities, including U.S. Treasury, U.S. government agency, agency mortgage-backed and asset-backed securities, as well as investment grade, high yield, convertible and emerging market debt to a client base including asset managers, commercial bank trust and investment departments, broker-dealers and insurance companies.
The company is an independent full-service provider to introducing broker-dealers (IBD’s) of clearing, custody, research, syndicated and security-based lending products and services, including a proprietary technology platform which offers efficient connectivity to ensure a positive client experience through the clearing and settlement process. The company is one of the leading mid-market clearers in the securities industry, with approximately 100 correspondent clearing relationships with over $31 billion in assets under management or administration as of September 30, 2024.
The company operates an asset management business in which it earns fees, commissions and other revenues for management of third party assets and investment gains or losses on its investments in funds and proprietary accounts managed either by its investment managers or by independent investment managers.
Listed Derivatives
The company provides competitive and efficient clearing and execution in all major futures exchanges globally. Through its platforms, client orders are accepted and directed to the appropriate exchange for execution. The company then facilitate the clearing of clients’ transactions. Clearing involves the matching of clients’ trades with the exchange, the collection and management of client margin deposits to support the transactions, and the accounting and reporting of the transactions to clients.
The company seeks to leverage its capabilities and capacity in clearing to financial institutions, institutional trading firms, professional traders and introducing brokers as well as offering facilities management or outsourcing solutions to other FCMs.
Foreign Exchange
The company provides prime brokerage foreign exchange (FX) services to financial institutions and professional traders. The company provides its clients with the full range of OTC products, including 24-hour a day execution of spot, forwards and options, as well as non-deliverable forwards in both liquid and exotic currencies.
Self-Directed/Retail
The company provides its self-directed/retail clients around the world access to over 18,000 global financial markets, including spot foreign exchange and CFDs, which are investment products with returns linked to the performance of underlying assets, and both financial trading and physical investment in precious metals. In addition, the company’s independent wealth management business offers a comprehensive product suite to retail investors in the United States.
Forex and CFDs
The company provides trading services and solutions in the global financial markets, including spot foreign exchange (forex) and CFDs. The company offers CFDs on currencies, commodities, indices, individual equities, cryptocurrencies, bonds, options and interest rate products.
The company seeks to attract and support its clients through direct and indirect channels. The company’s primary direct channels for its retail forex and CFD business are its mobile platforms and internet websites, FOREX.com and Cityindex.com, which are available in multiple languages, including English, Chinese, Japanese, Spanish and Arabic. The company’s indirect channels include its relationships with introducing brokers, who solicit clients on its behalf, and white label partners, who offer its trading services to their clients under their own brand.
The company’s proprietary trading technology provides its clients with an enhanced client experience and multiple ways to trade and manage their accounts, tailored to their level of experience and preferred mode of access. In addition, the company selectively offers third party trading tools that complement its proprietary offerings.
The company has longstanding relationships with a large number of institutional liquidity providers, as well as access to multiple liquidity venues. The company has proprietary technology to handle numerous aspects of account onboarding and client service, including the account opening and client verification process, fast online account funding and withdrawals with a wide variety of automated payment methods, and on-demand delivery of client information, such as account statements and other account-related reporting. The company also offers account opening and funding functions on its mobile trading applications in order to provide a superior experience to the large number of clients who trade primarily through their mobile devices. Given the highly regulated and global nature of the company’s business, these processes are customized to each regulatory jurisdiction in which it operates, and is further tailored to client needs and preferences in specific countries in order to make it easier for clients in these countries to open accounts with it and then to fund and trade in those accounts.
In connection with its self-directed/retail business, the company looks to acquire new clients as cost-efficiently as possible, primarily through online marketing efforts, such as advertising on third-party websites, search engine marketing and affiliate marketing. The company’s experienced in-house marketing team creates highly targeted online campaigns tailored to experienced traders, as well as marketing programs and materials designed to support and educate newer traders. The company uses sophisticated tracking and measurement techniques to monitor the results of individual campaigns and continually work to optimize its overall marketing results.
The company also works with introducing brokers in order to expand its client base. The company works with a variety of different types of introducing brokers, ranging from small, specialized firms that specifically identify and solicit clients interested in forex and CFD trading, to larger, more established financial services firms.
Independent Wealth Management
The company’s independent broker/dealer, StoneX Securities Inc., member FINRA/SIPC, together with its affiliated SEC-registered investment advisor, StoneX Advisors Inc., provides an integrated platform of technology, comprehensive wealth management and investment services to registered representatives, investment advisor representatives and registered investment advisors nationwide. The firm supports more than 375 independent professionals with best-in-class service and products.
Self-Directed/Retail Precious Metals
The company’s physical self-directed/retail precious metals business is principally conducted within StoneX Bullion GmbH. Through its website Stonexbullion.com, the company offers clients the ability to purchase physical gold and other precious metals, in multiple forms, including coins and bars, in denominations of their choice, to add to their investment portfolios.
Payments
The company provides customized payment, technology and treasury services to banks and commercial businesses, as well as charities, NGOs and government organizations. The company provides transparent pricing and offers local currency payments services in more than 180 countries and 140 currencies, which is more than any other payments solutions provider.
The company’s proprietary platforms allow its clients to connect to it digitally and seamlessly with customized solutions for each of its client groups that fit their specific needs.
The company utilizes the Society for Worldwide Interbank Financial Telecommunication (SWIFT) network, as well as direct application programming interfaces (APIs) to service almost 100 financial institutions globally and connect them to its approximately 350 correspondent banks around the world enabling them to make local currency payments in a secure manner.
Through its platforms and its commitment to client service, the company is able to provide simple and fast execution, ensuring delivery of funds in local currency to any of the countries it services quickly through its global network of correspondent banks. The company primarily acts as a principal in buying and selling foreign currencies on a spot basis and derive revenue from the difference between the purchase and sale prices.
The company’s clients value its ability to provide exchange rates that are significantly more competitive than those offered by large international banks, a competitive advantage that stems from its years of foreign exchange expertise focused on smaller, less liquid currencies.
Subsequent Acquisitions
JBR Recovery Limited
On October 1, 2024, one of the company’s subsidiaries, StoneX Metals Limited, acquired all the outstanding shares of JBR Recovery Limited (JBR), a recycling and refining business based in the U.K. JBR is one of only two UK companies accredited for the supply of Good Delivery silver to the London Bullion Market. This acquisition extends the company’s metals offering into sourcing and refining.
Acquisitions during Fiscal Year 2024
Trust Advisory Group, Ltd.
On September 20, 2024, the company’s subsidiary StoneX Advisors Inc. acquired all of the outstanding shares of Trust Advisory Group, Ltd. (TAG), a Massachusetts corporation. TAG is a FINRA and SIPC registered investment advisor offering a range of investing models to its customer base of mainly retail investors. The TAG acquisition reinforces the company’s commitment to high-quality financial solutions and enhances its service reach into the Northeast.
Acquisitions during Fiscal Year 2023
Incomm S.A.S.
In February 2023, one of the company’s subsidiaries, StoneX Commodity Solutions LLC acquired all of the outstanding shares of Incomm S.A.S. (Incomm), which is based in Colombia. Incomm specializes in supporting the import of grain and feed products for Colombian clients and is a proven resource in management of customs clearing, inventory management at destination ports and providing non-recourse trade finance for destination buyers via local Colombian banks.
Cotton Distributors Inc.
In October 2022, the company’s wholly owned subsidiary, StoneX (Netherlands) B.V., acquired CDI-Societe Cotonniere De Distribution S.A (CDI), based in Switzerland. CDI operates a global cotton merchant business with a strong network of producers in Brazil and West Africa as well as buyers throughout Asia.
Regulation
The company is required to comply with a wide range of requirements imposed by the Commodity Futures Trading Commission (the CFTC) and the National Futures Association (the NFA). Similarly, the securities industry in the United States is subject to extensive regulation under federal and state securities laws. The company must comply with a wide range of requirements imposed by the SEC, state securities commissions, the Municipal Securities Rulemaking Board (MSRB) and the Financial Industry Regulatory Authority (FINRA).
In connection with its wealth management business, one of the company’s subsidiaries, StoneX Advisors Inc., is registered with, and subject to oversight by, the SEC as an investment adviser. As such, in its relations with its advisory clients, StoneX Advisers Inc. is subject to the fiduciary and other obligations imposed on investment advisers under the Investment Advisers Act of 1940 and the rules and regulations promulgated thereunder, as well as various state securities laws.
The CFTC and NFA also regulate the company’s forex, futures and swaps trading activities. Historically, the principal legislation covering its the U.S. forex business was the Commodity Exchange Act, which provides for federal regulation of all commodities and futures trading activities. In recent years, as is the case of other companies in the financial services industry, the company’s forex business has been subject to increasing regulatory oversight. The CFTC Reauthorization Act of 2019, which grants the CFTC express authority to regulate the retail forex industry, includes a series of additional rules which regulate various aspects of its business, including additional risk disclosures to retail forex clients, further limitations on sales and marketing materials and additional rules and interpretive notices regarding NFA mandated Information Systems Security Programs, including training and notification requirements for cybersecurity incidents.
In connection with its foreign-currency exchange risk management and payment solutions services business, one of the company’s subsidiaries, StoneX Payment Services LTD., is registered as a money services business with the Financial Crimes Enforcement Network (FinCEN) and has 41 state money transmitter licenses and 8 license exemptions in the United States. Additionally, StoneX Payment Services LTD. is registered with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) and holds a money transmitter license in Canada.
The company maintains client segregated deposits from its clients relating to their trading of futures and options on futures on the U.S. commodities exchanges, making it subject to CFTC regulation 1.20, which specifies that such funds must be held in segregation and not commingled with the firm’s own assets. The company is subject to CFTC regulation 1.25, which governs the acceptable investment of client segregated assets. This regulation allows for the investment of client segregated assets in readily marketable instruments including U.S. Treasury securities, municipal securities, government sponsored enterprise securities, certificates of deposit, commercial paper and corporate notes or bonds which are guaranteed by the U.S. under the Temporary Liquidity Guarantee Program, interest in money market mutual funds, and repurchase transactions with unaffiliated entities in otherwise allowable securities.
In addition, in its capacity as a securities clearing broker-dealer, the company clears transactions for clients and certain proprietary accounts of broker-dealers (PABs). In accordance with Rule 15c3-3 of the Securities Exchange Act of 1934 (Rule 15c3-3), the company maintains special reserve bank accounts (SRBAs) for the exclusive benefit of securities clients and PABs.
The company maintains client secured deposits from its clients relating to their trading of futures and options on futures traded on, or subject to the rules of, a foreign board of trade, making it subject to CFTC Regulation 30.7, which requires that such funds must be carried in separate accounts in an amount sufficient to satisfy all of its obligations to clients trading foreign futures and foreign options on foreign commodity exchanges or boards of trade, which are designated as secured clients’ accounts.
As a retail foreign exchange dealer (RFED) registered with the CFTC and member of NFA, the company maintains deposits from clients relating to their trading of OTC foreign exchange contracts whereby it acts as counterparty to client trading activity making it subject to CFTC regulation 5.8, which specifies that such funds must be held in designated accounts at qualifying institutions in the United States or money center countries as defined by CFTC regulation 1.49. In addition, CFTC regulations require filing of a daily retail forex obligation calculation which compares the assets held for clients with qualifying institutions (retail forex assets) to the firm’s total obligation to retail forex clients, also known as net liquidating value (retail forex liabilities).
The company is a CFTC registered swap dealer, whose business is overseen by the NFA. With respect to the company’s retail OTC business, the Dodd-Frank Act includes:
rules that require the company to ensure that its clients residing in the United States have accounts open only with its the U.S. registered NFA-member operating entity; and
rules that essentially require all retail transactions in any commodity product other than a retail foreign currency transaction that is traded on a leveraged basis to be executed on an exchange, rather than OTC.
Specifically, the company is subject to the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001 (the USA PATRIOT Act), which requires that it maintains a comprehensive anti-money laundering (AML) program, a customer identification program (CIP), designate an AML compliance officer, provide specified employee training and conduct an annual independent audit of its AML program. The company has implemented, and that it maintains, appropriates internal practices, procedures and controls to enable it to comply with the provisions of the USA PATRIOT Act and other anti-money laundering laws.
Additionally, the company’s US legal entities qualifying as covered financial institutions are subject to the Customer Due Diligence Rule (the CDD Rule), which clarifies and strengthens customer due diligence requirements. This applies to the company’s U.S. broker dealer(s) in securities, FCMs, and introducing brokers in commodities. The CDD Rule requires these covered financial institutions to identify and verify the identity of the natural persons (known as beneficial owners) of legal entity customers who own, control, and profit from companies when those companies open accounts.
The Financial Conduct Authority (FCA), the regulator of investment firms in the U.K., regulates the company’s the U.K. subsidiary as a Markets in Financial Instruments Directive (MiFID) investment firm under U.K. law. In Europe, the company’s regulated subsidiaries are subject to E.U. regulation. Across the U.K. and E.U., the respective transpositions of the Market Abuse Regulation, and the General Data Protection Regulation, also apply.
As in the U.S., the company’s the U.K. and European entities are subject to statutory and regulatory requirements concerning relationships with customers and the review and monitoring of their transactions. Regulated firms in both the U.K. and in the European Union (E.U.) must have robust governance, effective risk procedures and adequate internal control mechanisms to manage the exposure to financial crime risk.
The FCA and the financial supervisory authorities in the E.U. require the company’s entities to have systems and controls in place to enable them to identify, assess, monitor and manage financial crime risk. As required, its Europe, Middle East and Africa (EMEA) Money Laundering Reporting Officer as well as the Money Laundering Reporting Officer appointed in respect of each of the entities in the E.U. provide regular reports on the operation and effectiveness of these systems and controls, including details of the company’s regular assessments of the adequacy of these systems and controls to ensure their compliance with the local regulatory requirements.
The company’s financial crime systems and controls also include routine screening to identify where customers and others with whom it transact may be subject to financial sanctions, including measures initiated or adopted by inter alia the U.K. Treasury, E.U. or OFAC (as required in the U.S.).
StoneX Financial Ltd is subject to the rules under the U.K. Investment Firm Prudential Regime (IFPR) established for investment firms.
The company is subject to the E.U. Conflict Minerals Regulation (CMR), and in the U.K, the FCA has recognized the Global Precious Metals Code in the U.K. The CMR requires importers to conduct due diligence on their gold, tantalum, tin, and tungsten supply chains to identify minerals that may have originated from conflict zones. The new requirements are largely based on existing guidance issued by the Organisation for Cooperation and Development (OECD) which StoneX Financial Ltd already applies, as part of its policies and procedures. StoneX Financial Ltd is a full member of the London Bullion Market Association which sets out and oversees adherence to the principles to promote the integrity and effective functioning of the global precious metals market.
In the Asia Pacific region, the company’s subsidiaries operate under licenses and/or authority from various regulators. In Singapore, StoneX Financial Pte. Ltd. is regulated by the Monetary Authority of Singapore and is a Capital Markets Service Licensee (for dealing in capital market products), an Exempt Financial Adviser (for advising on investment products and issuing or promulgating analyses/ reports on investment products) and a Major Payments Institution (for cross-border money transfer service). In addition, in Singapore, StoneX APAC Pte. Ltd. is regulated as a Dealer under the Precious Stones and Precious Metals (Prevention of Money Laundering and Terrorism Financing) Act 2019 for purposes of anti-money laundering and countering the financing of terrorism, and is authorized to act as a Spot Commodity Broker under the Commodity Trading Act 1992.
In Hong Kong, StoneX Financial (HK) Limited is regulated by the Hong Kong Securities and Futures Commission for Dealing in Securities and Dealing in Futures Contracts. In Australia, StoneX Financial Pty Ltd is regulated by the Australian Securities and Investments Commission and holds an Australian Financial Service License to provide general financial product advice to retail and wholesale clients in derivatives and foreign exchange contracts, to provide general financial product advice to wholesale clients in securities, to deal and make a market for retail and wholesale clients in derivatives and foreign exchange contracts, and to deal and make a market for wholesale clients in securities. In Japan, StoneX Securities Co. Ltd. is regulated by the Financial Services Agency as a Type-I Financial Instruments Business and Securities-Related Business (Kanto Local Finance Bureau (FIBO) No.291).
The Monetary Authority of Singapore, Hong Kong Securities and Futures Commission, Australian Securities and Investments Commission, and Japan Financial Services Agency are members of the International Organization of Securities Commissions which promotes adherence to internationally recognized standards for securities regulation encompassing the key objectives of protecting investors, ensuring that markets are fair, efficient, and transparent, and reducing systematic risk.
The company’s business is subject to rules and regulations adopted by state, federal and foreign governments, and regulatory organizations governing data privacy, including for example the California Consumer Privacy Act (CCPA) and the European General Data Protection Regulation (GDPR). Additional states, as well as foreign jurisdictions, have enacted or are proposing similar data protection regimes, resulting in a rapidly evolving landscape governing how it collects, uses, transfesr and protect psersonal data.
Through its various operating subsidiaries, the company is member of a number of exchanges, including the Chicago Mercantile Exchange, the Chicago Board of Trade, the New York Mercantile Exchange, COMEX, InterContinental Exchange, Inc., the Minneapolis Grain Exchange, the London Metal Exchange, ICE Europe Ltd, Eurex Exchange, Dubai Mercantile Exchange, Euronext Amsterdam, Euronext Paris, European Energy Exchange, B3 S.A., Bitnomial Exchange LLC, Norexco ASA, the Rosario Futures Exchange, ICE Futures Abu Dhabi, India International Bullion Exchange, Australian Securities Exchange, the Montreal Exchange, Small Exchange, Inc., Nodal Exchange and the Singapore Exchange. These exchanges impose their own requirements on a variety of matters, in some cases addressing capital adequacy, protection of client assets, record-keeping and reporting.
History
The company was founded as a Delaware corporation in 1924. It was incorporated in 1987. The company was formerly known as INTL FCStone Inc. and changed its name to StoneX Group Inc. in 2020.
