StoneX's Prime Brokerage Group Launches Outsourced Trading Platform for Emerging Managers

Rhea-AI Summary

On September 21, 2020, StoneX Group (NASDAQ: SNEX) announced the launch of its Emerging Manager Platform through its Prime Brokerage Group. This platform aims to cater to the rising demand for outsourced trading among emerging asset managers, providing comprehensive execution services, global connectivity, and operational support. With access to 150 global brokers and expertise in compliance and system consulting, StoneX enhances its client support, helping managers navigate market complexities and improve execution capabilities.

Positive

• Launch of the Emerging Manager Platform to address outsourced trading needs.
• Access to over 150 global brokers for enhanced trading options.
• Offers operational support, compliance, and consulting services.

Negative

• None.

NEW YORK, Sept. 21, 2020 /PRNewswire/ -- StoneX Group Inc. (NASDAQ: SNEX) ("StoneX" or "the Company"), today announced that its Prime Brokerage Group has launched the Emerging Manager Platform. The platform combines the full scope of StoneX's execution services offering – multi-asset, global connectivity, high-touch expertise, and middle & back office support – into a one-stop-shop resource for asset managers.

StoneX built the Emerging Manager Platform to meet the growing demand of outsourced trading for emerging managers. The platform provides customers with a fully engaged buy-side trader and connects them with an entire ecosystem of more than 150 global brokers, banks and resource providers, backed with StoneX's global network and financial strength. Additionally, the platform delivers StoneX's high-touch expertise for all aspects of business, from start-up and system consulting to compliance and operational assistance that will help customers achieve their goals and grow.

Andrew Caplan, Head of Outsourced Trading at INTL Fillmore Advisors, a subsidiary of StoneX Group, commented on today's news: "Emerging asset managers increasingly turn to outsourced trading desks to meet the challenges of heightened best execution requirements and market structure changes. Our team provides a premium service to these managers, offering our experience and professional buy-side traders as a solution for managers who require additional headcount and trading bandwidth. StoneX's decades of experience across regions and asset classes, diverse product knowledge and strong sell-side connectivity, and our culture of accountability and confidentiality, allow us to become trusted partners that positively impact our clients' businesses."

Using the Emerging Manager Platform, StoneX executes as the customers' authorized trader with their chosen counterparties to achieve best execution. The Company provides customers with fully transparent counterparty attribution with the sell side. Customers can also access real-time market insights and deep performance analytics or connect with prime brokerage and other value-added resources on the platform.

About StoneX Group Inc.

StoneX Group Inc. (formerly INTL FCStone Inc.), through its subsidiaries, connects clients with the global markets across all asset classes – providing execution, post-trade settlement, clearing and custody services through one trusted partner. Clients use its global financial services network to pursue trading opportunities, make investments, manage their market risk, and improve their performance. A publicly traded company (NASDAQ: SNEX) headquartered in New York City, StoneX Group Inc. and its 2,000 employees serve more than 30,000 commercial and institutional clients, and more than 125,000 retail clients, from more than 40 offices across five continents.

For further information about StoneX, please visit: https://www.stonex.com/

Media Contact
Jay A. Morakis
M Group Strategic Communications (for StoneX Group Inc.)
+1 646 859 5951  
jmorakis@mgroupsc.com   

SNEX-G

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SOURCE StoneX Group Inc.

FAQ

What is StoneX Group's Emerging Manager Platform?

The Emerging Manager Platform is StoneX Group's new service designed to meet the outsourced trading needs of emerging asset managers.

When was the Emerging Manager Platform launched?

The Emerging Manager Platform was launched on September 21, 2020.

How does the Emerging Manager Platform benefit asset managers?

It provides access to global brokers, operational support, and expert consulting to enhance trading capabilities and meet market challenges.

What services does the Emerging Manager Platform include?

It includes execution services, compliance support, and access to deep performance analytics.

What is the stock symbol for StoneX Group?

The stock symbol for StoneX Group is SNEX.