StoneX Expands Prime Brokerage Offering with Launch of Multi-Asset CASS-Compliant Custody Solution & New Financing Capabilities
Capabilities enable StoneX to service both equity and fixed income strategies
London – June 6, 2023 – StoneX Financial Ltd., a wholly owned subsidiary of StoneX Group Inc. (“StoneX” or “The Company”) has enhanced its Institutional Prime offerings with the launch of a multi-asset CASS compliant custody solution coupled with new financing capabilities, which include repo financing and securities lending, under the banner of its London based StoneX Institutional Prime product.
StoneX has also announced an expansion of the team with the hiring of Gary Clifford-Newman (Cross Asset Sales) and James Barten (Head of EMEA Security Financing) to bolster growth and capabilities within London Prime Services. These hires follow the appointment of Andrew Sterry in October 2022 to head the newly created StoneX Institutional Prime group. The StoneX Institutional Prime business is part of the wider Securities group led by James McAuslan, Global Head of Prime Services and Head of Securities for EMEA.
The StoneX Institutional Prime group was created to support mid-tier hedge funds through multi-asset and end-to-end services, including execution, custody, and financing, as well as the opportunity to position and currency hedging through the StoneX FXPB and Futures Clearing product offerings. With a global footprint and a modular product offering, StoneX Institutional Prime is an ideal service provider for both emerging and established managers.
James McAuslan commented: “The build out of StoneX Institutional Prime is a natural complement to our existing U.S. offering, enabling us to deliver a robust multi-asset set of solutions to support mid-tier hedge funds globally. The product expansion and appointments we’ve announced continue the significant investment in our technology platforms across trading, regulatory reporting, and middle & back office to support sizeable growth in client business within our securities and Prime offering.”
Reflecting on StoneX’s value proposition, Andrew Sterry commented: “The StoneX Institutional Prime business is well positioned to cater to the needs of hedge fund managers. With a partnership approach and a modular product offering, StoneX’s Institutional Prime can support hedge fund managers throughout their entire securities trade cycle.”
StoneX suite of Institutional Primes suite of services includes:
- Fully CASS compliant Segregated Clearing and Custody
- Equities execution across 68 markets globally
- Global Fixed Income execution
- Portfolio SWAP Financing – Equities
- Portfolio Repo Financing and Securities Lending – Equities and Fixed Income
- Capital Introduction services
- Full Outsourced Trading solutions
- FX hedging and trading
- Futures and Options hedging and trading
StoneX Group Inc. provides institutional clients with a complete securities offering that includes equities trading services designed to help clients 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 and access to frontier and emerging markets, as well as prime brokerage in equities and major foreign currency pairs and swap transactions.
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-500 company headquartered in New York City and listed on the Nasdaq Global Select Market (NASDAQ:SNEX), StoneX Group Inc. and its over 3,800 employees serve more than 54,000 commercial, institutional, and global payments clients, and more than 400,000 retail accounts, from more than 40 offices spread across five continents. Further information on the Company is available at www.stonex.com.