StoneX Group Inc. - SNEX STOCK NEWS

StoneX Financial, a subsidiary of StoneX Group Inc. (NASDAQ: SNEX), has become an Overseas Intermediary for major Chinese commodity exchanges, including the Dalian Commodity Exchange, Shanghai International Energy Exchange, and Zhengzhou Commodity Exchange. This new status allows StoneX's clients to access key futures contracts, such as Iron Ore and Medium Sour Crude Oil, enhancing international trading capabilities. The firm aims to provide 24-hour trading support and solidify its strategic position in the Asia Pacific markets, thus facilitating clients’ futures trading strategies.

StoneX Markets LLC, a subsidiary of StoneX Group Inc. (Nasdaq: SNEX), has enhanced its self-service OTC Platforms for commodities trading. The new platform, MyStoneX, offers integrated access to futures, options, and OTC markets while providing risk measurement, market intelligence, and educational tools. Key features include customizable calculators for options strategies, enabling transparent access for traders. CEO Mark Maurer emphasized the platform's role in bridging educational gaps in the OTC marketplace and supporting over 200 commodity products, catering to both professional traders and novice investors.

StoneX Group Inc. (NASDAQ: SNEX) announces the launch of the StoneX School of Futures, a virtual 40-hour educational program aimed at retail traders, investors, and students. Scheduled from June 1 to July 1, 2021, the course comprises 10 interactive sessions covering key futures concepts, including market applications and risk management. The program costs $500 per attendee, with discounts for students. The initiative aims to enhance market knowledge and trading skills, amid increasing interest in commodity futures.

StoneX Group Inc. reported record quarterly operating revenues of $471.4 million, a 29% increase year-over-year, along with a quarterly net income of $55.3 million, up 41%. The diluted EPS reached $2.73, marking a 37% rise compared to the prior year. The firm saw significant growth across all segments, particularly in Retail and Global Payments, with notable increases in client equity and volumes. Operating revenues from FX/CFD contracts soared 739%, driven by the acquisition of Gain Capital Holdings. Despite challenges in physical commodities, the company is well-positioned for future growth.

StoneX Group Inc. (NASDAQ: SNEX) will release its fiscal 2021 second quarter results on May 10, 2021, after market close. A conference call to discuss these results is scheduled for May 11, 2021, at 9:00 a.m. Eastern time. Investors can access the call via a dedicated phone number or through a live web cast available on the company’s website. A replay of the call will be provided after it concludes, available until May 18, 2021. StoneX operates a global financial services network serving over 35,000 clients, leveraging cutting-edge digital platforms and extensive market expertise.

Top Third Ag Marketing has introduced its new brand and service offerings after being acquired by StoneX Group Inc. (NASDAQ: SNEX). This transition aims to enhance marketing opportunities for American farmers, maintaining personal broker relationships while expanding tools available through the StoneX platform. The acquisition of GAIN Capital Holdings (NYSE: GCAP) complements this strategy. Clients will benefit from integrated risk management solutions, access to global markets, and innovative financing options, all under a new visual identity that aligns closely with the StoneX brand.

On March 17, 2021, Daniels Trading, an independent futures broker, announced its new brand and services following its acquisition by StoneX Group Inc. (NASDAQ: SNEX). This acquisition enhances its offerings, allowing access to a wider range of services and resources for clients. The firm continues its commitment to providing reliable solutions, now supported by StoneX's global financial services network. Key services introduced include market intelligence tools and a managed bushels program for agricultural producers.

StoneX Group Inc. (NASDAQ: SNEX) announced the launch of its new product, the StoneX Messaging Hub (XMH), developed by its subsidiary, StoneX Technology Services LLC. XMH is designed to automate financial messaging for institutions and corporates, improving operational efficiency. It supports various file types and offers a customizable dashboard for cash management. The platform's robust architecture allows for seamless integration into existing systems, aiming to reduce operational costs. Future updates will expand its functionalities to support additional financial messaging needs.

StoneX Group Inc. (NASDAQ: SNEX) announced impressive Q1 2021 results with operating revenues of $380.1 million, up 37% year-over-year. The net income reached $19.5 million, reflecting a 20% increase, while diluted EPS was $0.98. All segments saw growth despite lower market volatility and interest rates. Notably, customer volumes and account activities surged, and significant cost synergies from the Gain acquisition were realized. However, hedging losses and amortization negatively impacted EPS by $0.45. The quarterly return on equity stood at 10.0%.