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Case 49 StoneX

In: Rising Stars

Author

Listed:
  • B. Rajesh Kumar

    (Institute of Management Technology)

Abstract

StoneX is a global financial services network company which provides digital platforms, end-to-end clearing, and execution services for connecting companies, traders, and investors to the global market ecosystem. The subsidiaries of StoneX connect clients to the global markets' ecosystem with institutional grade market access, end-to-end clearing, and execution. The company offers vertically integrated product suite. The company is involved in the entire lifecycle of a trade which starts from market expertise and on-the-ground intelligence to best execution and the final stage involves post-trade clearing, custody, and settlement services. The company serves more than 54,000 commercial, institutional, and global payment clients and over 400,000 retail accounts located in more than 180 countries. The company is involved in making markets in over 16,000 equities on the NYSE, NASDAQ, OTC markets, and exchange traded funds and over 7000 ADRs, GDRs, and foreign securities. StoneX is one among the eight Category One ring dealing members of the London Metals Exchange. The company has built a scalable platform to provide end-to-end global payment solutions to banks and commercial businesses, charities, NGOs, and government institutions. The company offers payment services in over 140 currencies. The company focuses on technology and digitization as strategic objectives for growth. StoneX has a disciplined focus on strategic acquisitions to complement organic growth. The total cumulative monthly returns for StoneX were 115% compared to 53% returns registered by the market index S&P 500 during the period March 2018–February 2023.

Suggested Citation

  • B. Rajesh Kumar, 2024. "Case 49 StoneX," Management for Professionals, in: Rising Stars, pages 365-372, Springer.
    • Handle: RePEc:spr:mgmchp:978-3-031-50032-9_49
    DOI: 10.1007/978-3-031-50032-9_49
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