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About StoneX Group
Industries
Fintech
Financial Services
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
New York City, New York
Founded
1924
Overview
StoneX connects businesses, organizations, traders, and investors to the resources and advantages necessary for success in global markets. The company provides a platform that facilitates access to various financial services and market insights, helping clients navigate the complexities of trading and investment. Unlike many competitors, StoneX emphasizes a comprehensive approach to market connectivity, ensuring that clients can leverage a wide range of tools and information tailored to their specific needs. The goal of StoneX is to empower its clients by providing them with the necessary support and resources to thrive in the competitive landscape of global finance.
Simplify's Take
What believers are saying
- Growing demand for cross-border payments in Latin America benefits StoneX's partnership with Bamboo.
- Rising institutional interest in Solana futures boosts StoneX's digital asset services.
- Acquisition of The Benchmark Company aligns with increased corporate financing activities.
What critics are saying
- Increased competition in Latin American payments may challenge StoneX's market position.
- Regulatory challenges in cryptocurrency derivatives could impact StoneX's expansion plans.
- Integration risks with The Benchmark Company could disrupt StoneX's operations.
What makes StoneX Group unique
- StoneX's partnership with Bamboo enhances cross-border payment solutions in Latin America.
- The acquisition of The Benchmark Company strengthens StoneX's capital market capabilities.
- StoneX's involvement in Solana futures highlights its leadership in cryptocurrency derivatives.
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Funding
Total Funding
$550M
Above
Industry Average
Funded Over
1 Rounds
Benefits
Remote Work Options
Company News
StoneX Group Inc. (“StoneX”; NASDAQ: SNEX) and Bamboo Payment Systems (“Bamboo”) announce that StoneX Payments, a division of StoneX, and Bamboo have entered into a strategic partnership to expand cross-border payment offerings and coverage for global merchants. The partnership includes an undisclosed investment by StoneX. Together, the two companies will offer a leading solution for global merchants and financial institutions that need to collect and make payments in Latin America.With StoneX Payments’ broad foreign exchange capabilities and correspondent network and Bamboo’s extensive payment connections and platform, clients should see benefits in terms of FX pricing, more reliable settlement, improved acceptance rates, and greater cash flow efficiency.StoneX Payments is a market leader in cross-border payments, providing payment services to financial institutions, corporations, and international development organizations in over 180 countries. Through its correspondent network of over 385 banks, StoneX offers settlement capabilities in over 140 currencies.Bamboo brings deep expertise in the Latin American payment ecosystem, enabling global merchants to accept and make payments in the region. With a proprietary payment platform connected to more than 600 local banks and financial institutions, Bamboo offers an end-to-end solution for payins and payouts, bridging the gap between global merchants and local consumers and businesses
NEW YORK - StoneX Group Inc. (NASDAQ: SNEX), a global financial services firm with a market capitalization of $3.56 billion and impressive 65% return over the past year, has formed a strategic partnership with Bamboo Payment Systems to enhance its cross-border payment solutions in Latin America.
NEW YORK, March 16, 2025 /PRNewswire/ -- FalconX, a leading digital asset prime broker, today announced that it has executed the first-ever block trade of CME Group's newly launched Solana (SOL) futures product with StoneX, a leading global financial services firm. This milestone demonstrates FalconX's continued leadership in institutional cryptocurrency derivatives trading while highlighting the accelerating institutional adoption of digital assets like SOL."FalconX is proud to execute the first block trade in CME SOL futures with StoneX. This highly anticipated launch marks a historic moment for the Solana ecosystem, allowing institutional investors to manage risk and price exposure on a regulated venue," said Josh Barkhordar, Head of US Sales at FalconX. "This inaugural trade reinforces our commitment to offering a world-class derivatives franchise with exceptional speed-to-market capabilities that institutional clients require."CME Group's launch of SOL futures responds directly to increasing institutional demand for regulated access to digital assets beyond bitcoin and ether. As Solana continues to attract growing developer and institutional interest, CME Group's SOL and Micro SOL futures provide investors with capital-efficient ways to manage exposure, execute sophisticated hedging strategies, and expand their crypto portfolios within a trusted and compliant trading venue."StoneX and StoneX Digital are proud to support CME's innovative initiatives to enhance institutional access to cryptocurrencies through a regulated and compliant suite of listed derivatives," said Eric Rose, Head of Digital Asset Execution at StoneX Digital. "Our ability to offer execution and clearing services for CME futures seamlessly complements our spot trading capabilities, further strengthening StoneX's responsiveness to client demands and reinforcing the firm's commitment to providing institutional access to the digital asset ecosystem through a trusted and reliable counterparty."FalconX continues to serve as a key liquidity provider for CME Group's comprehensive suite of cryptocurrency derivatives
StoneX to acquire Benchmark for capital market expansion.
StoneX Group Inc. has agreed to acquire The Benchmark Company, LLC. This will strengthen StoneX’s offerings in equity and debt capital markets.
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About StoneX Group
Industries
Fintech
Financial Services
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
New York City, New York
Founded
1924
There are no jobs for StoneX Group right now.
Find jobs on Simplify and start your career today
People Also Viewed
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