StoneX Completes Acquisition of Octo Finances
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 (NASDAQ: SNEX) ha completato l'acquisizione di Octo Finances SA, un broker di reddito fisso con sede a Parigi. Questa mossa strategica mira ad ampliare l'offerta di reddito fisso di StoneX e a rafforzarne la presenza in Europa. Octo Finances, fondata nel 1991, porta con sé competenze nella vendita di obbligazioni e convertibili, nei mercati dei capitali di debito e nella ricerca creditizia, avendo pubblicato oltre 75.000 rapporti dalla sua nascita.
Anthony Di Ciollo, Responsabile Globale del Reddito Fisso di StoneX, ha espresso entusiasmo riguardo all'acquisizione, evidenziando la pianificazione congiunta in corso e le opportunità di crescita per l'attività combinata in Europa.
StoneX Group (NASDAQ: SNEX) ha completado la adquisición de Octo Finances SA, un bróker de renta fija con sede en París. Este movimiento estratégico tiene como objetivo expandir la oferta de renta fija de StoneX y fortalecer su presencia en Europa. Octo Finances, establecida en 1991, aporta experiencia en ventas de bonos y convertibles, mercados de capital de deuda e investigación crediticia, habiendo publicado más de 75,000 informes desde su inicio.
Anthony Di Ciollo, Director Global de Renta Fija en StoneX, expresó su entusiasmo por la adquisición, destacando la planificación conjunta en curso y las oportunidades de crecimiento para el negocio combinado en Europa.
StoneX Group (NASDAQ: SNEX)는 파리 기반의 고정 수익 브로커인 Octo Finances SA의 인수를 완료했습니다. 이 전략적 조치는 StoneX의 고정 수익 제공을 확장하고 유럽 내 존재감을 강화하는 것을 목표로 하고 있습니다. 1991년에 설립된 Octo Finances는 채권 및 전환사채 판매, 채무 자본 시장, 신용 연구에 대한 전문성을 가지고 있으며, 창립 이래로 75,000건 이상의 보고서를 발행했습니다.
StoneX의 글로벌 고정 수익 책임자인 Anthony Di Ciollo는 이번 인수에 대해 열정을 표명하며, 유럽에서 결합된 비즈니스의 공동 계획 및 성장 기회를 강조했습니다.
StoneX Group (NASDAQ: SNEX) a finalisé l'acquisition de Octo Finances SA, un courtier en obligations basé à Paris. Ce mouvement stratégique vise à élargir les offres de revenus fixes de StoneX et à renforcer sa présence en Europe. Octo Finances, fondée en 1991, apporte une expertise dans la vente d'obligations et de convertible, les marchés de capitaux de dette et la recherche en crédit, ayant publié plus de 75 000 rapports depuis sa création.
Anthony Di Ciollo, Responsable Mondial des Revenus Fixes chez StoneX, a exprimé son enthousiasme concernant l'acquisition, soulignant la planification conjointe en cours et les opportunités de croissance pour l'entreprise combinée en Europe.
StoneX Group (NASDAQ: SNEX) hat die Übernahme von Octo Finances SA, einem in Paris ansässigen Fixed-Income-Broker, abgeschlossen. Dieser strategische Schritt zielt darauf ab, das Angebot von StoneX im Bereich Fixed Income auszubauen und seine Präsenz in Europa zu stärken. Octo Finances, gegründet 1991, bringt Fachkenntnisse im Verkauf von Anleihen und Wandelanleihen, im Bereich Debt Capital Markets und in der Kreditforschung mit und hat seit seiner Gründung über 75.000 Berichte veröffentlicht.
Anthony Di Ciollo, Global Head of Fixed Income bei StoneX, äußerte seine Begeisterung über die Übernahme und hob die laufende gemeinsame Planung sowie die Wachstumschancen für das vereinte Unternehmen in Europa hervor.
- Strategic expansion into European fixed income markets
- Acquisition of established broker with 30+ years of experience
- Addition of extensive research capabilities (75,000+ reports)
- Enhancement of debt capital markets expertise
- None.
Insights
The acquisition of Octo Finances marks a significant strategic advancement for StoneX in the European fixed income market. The deal's importance stems from multiple factors:
First, the European fixed income market is experiencing structural changes due to regulatory reforms and digitalization, making this an opportune time for expansion. Octo's established presence in Paris is particularly valuable post-Brexit, as France has emerged as a key EU financial center.
The integration brings three critical advantages:
- Enhanced research capabilities with Octo's vast database of 75,000+ reports, providing valuable intellectual property and market intelligence
- Strengthened debt capital markets expertise, enabling StoneX to capture more primary market opportunities
- Expanded distribution network in continental Europe, particularly valuable for fixed income products
From a competitive standpoint, this acquisition positions StoneX more strongly against larger global banks in the European fixed income space. The combination of Octo's local expertise with StoneX's global infrastructure creates a compelling service proposition for institutional clients.
The timing is particularly strategic as European fixed income markets are experiencing increased activity due to evolving interest rate environments and regulatory changes. This positions StoneX to capitalize on growing trading volumes and advisory needs in the region.
While integration risks exist, StoneX's track record of successful acquisitions and early joint planning suggests a well-structured approach to capturing synergies. The complementary nature of the businesses should facilitate a smoother integration process.
LONDON and PARIS, Feb. 03, 2025 (GLOBE NEWSWIRE) -- StoneX Group Inc. (the “Company”; NASDAQ: SNEX) today announced the completion of its acquisition of Octo Finances SA (“Octo Finances”), which will further expand the Company’s offering in fixed income and strengthen its capabilities in Europe.
“We’re thrilled to officially welcome Octo Finances to StoneX Group and believe the company will provide us with significant new capabilities. Our joint planning is well underway, and we are excited by the opportunities for growth for the combined business in Europe,” said Anthony Di Ciollo, Global Head of Fixed Income at StoneX.
Octo Finances is a leading fixed income broker based in Paris, France. The company has expertise in bond and convertible sales, debt capital markets and credit research, having published over 75,000 reports since their founding in 1991.
About StoneX Group Inc.
StoneX Group Inc., through its subsidiaries, 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. A Fortune 100 company headquartered in New York City and listed on the Nasdaq Global Select Market (NASDAQ:SNEX), StoneX Group Inc. and its more than 4,500 employees serve more than 54,000 commercial, institutional, and payments clients, and more than 400,000 retail accounts, from more than 80 offices spread across six continents. Further information on the Company is available at www.stonex.com.
About Octo Finances SA
Octo Finances SA is a premier fixed income brokerage firm based in Paris, France, specializing in bond and convertible sales, debt capital markets, and credit research. Established in 1991, Octo Finances has built a robust client base that includes banks, insurance companies, private debt funds, mutual funds, and private wealth managers. With a commitment to delivering exceptional client service and market insights, Octo Finances continues to be a trusted partner in the financial services industry.
Investor inquiries:
Kevin Murphy
(212) 403 - 7296
kevin.murphy@stonex.com
SNEX-G
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