StoneX has recently come to the attention of international traders following its 2020 acquisition of Gain Capital。It should be noted that Gain Capital is the world's largest retail Forex and CFD broker Forex..operators of com and City Index。

While StoneX is indeed a major broker, other questions about the company follow, including what StoneX does？Who is the CEO of StoneX?？Is StoneX a big company?？More importantly, is StoneX a legitimate company?？

This article will introduce you to the new boss of this industry。

StoneX Company History

The reason why StoneX is unknown is simple, because they were not called StoneX before。The company, formerly known as INTL FCStone, just changed its name to StoneX Group Inc in July 2020..

FCStone Group by Saul Stone & Co.and Farmer's Commodity Corporation in 1946.。At the time, the two companies had been in the business of hedging futures contracts and other commodity contracts for many years.。

FCStone Group raised 1 when it went public in 2007.$2.2 billion。It is listed on NASDAQ under the symbol FCSX。

Following a successful IPO, FCStone made a series of acquisitions and merged with International Asset Holdings (IAHC) in 2009 to become INTL FCStone。

Between 2010 and 2018, the company continued its frenzy of acquiring more companies and struck deals with several key partners in the US and Europe.。The business expands INTL FCStone's portfolio to cover four main commodities: metals, agriculture, energy and soft products。They also acquired fixed income securities firm GX Clarke & Co..and several other clearing operations。

INTL FCStone sees greater expansion in 2019-2020。They acquired the Singapore brokerage and clearing business of Dahua Gold and Futures in 2019, launched the prime brokerage business unit, and acquired US-based Jiasheng Capital Holdings.。

The company was subsequently renamed StoneX Group Inc in July 2020..(Registered as SNEX on NASDAQ)。Sean O'Connor is the current CEO of StoneX.。

What does StoneX do?？

According to its official website, StoneX claims to be an institutional-level financial services network that connects companies, organizations, traders and investors with the global market ecosystem.。They offer a variety of services such as commodity trading, over-the-counter products, global payments, securities and foreign exchange.。

StoneX mainly serves corporate clients and institutional investors who need professional services such as clearing, execution, management of futures, market intelligence, etc.。StoneX also offers prime brokerage services。

Is StoneX a big company?？

StoneX is a big company.。To understand how big it is, let's look at the following achievements StoneX has made so far:

StoneX ranks 49th out of Fortune's 100 fastest-growing companies in 2021。

In 2022, StoneX ranked 327 on the Fortune Global 500 list of the world's largest companies by revenue.。

SNEX is currently one of the top 600 small-cap companies in Standard & Poor's.。

StoneX currently provides institutional access to 39 derivatives exchanges, 175 foreign exchange markets and almost all global securities markets..com and City Index offer retail market access。China's commodity market can also be accessed through the Shanghai International Energy Exchange (INE), Dalian Commodity Exchange (DCE) and Zhengzhou Commodity Exchange (ZCE).。

StoneX Markets LLC (SXM) is one of the first swap trading non-banking institutions provisionally recognized by the U.S. Commodity Futures Trading Commission (CFTC) and has been a leader in the over-the-counter market for the past 25 years.。

As of March 31, 2022, StoneX had $21.1 billion worth of assets, including $1.3 billion in cash and cash equivalents.。At the same time, they executed 42 million listed derivatives transactions through subsidiaries and 73.80,000 OTC derivatives transactions。

Is StoneX a legal company?？

StoneX is a legitimate company.。As can be seen from its public company status in the United States and its large business network, StoneX is 100% legal。

StoneX has received various licenses for each of its services in the United States and some other countries.。Here are some of them:

StoneX Markets, LLC (SXM) is a member of the National Futures Association (NFA) and is provisionally registered as a swap dealer with the Commodity Futures Trading Commission (CFTC).。

2 、 StoneX Financial Ltd.(SFL) is authorised and regulated by the Financial Conduct Authority (Registration No. FRN: 446717) to arrange and execute transactions in over-the-counter products, securities trading, precious metals trading and payment services.。SFL is also a Class I ring trading member of the London Metal Exchange (LME)。

3 、 StoneX Financial Europe S.A.(SFE) is a securities trading company registered in the Grand Duchy of Luxembourg (company number RC Lux B 10821).。

4 、 StoneX Financial Pte.Ltd.(SFP) holds a capital markets services licence and is regulated by the Monetary Authority of Singapore to engage in exchange-traded derivatives, over-the-counter derivatives and foreign exchange spot trading。

StoneX Financial (HK) Limited (SHK) is regulated by the Securities and Futures Commission of Hong Kong to trade futures contracts.。

Is StoneX a major broker?？

Yes, StoneX is a prime broker because they provide prime brokerage services to hedge funds, family offices, proprietary trading firms, and other types of asset managers。If you are an asset manager and your strategy requires access to global multi-asset markets and relationships with multiple execution brokers, StoneX's services can help you with most of your tasks。

At the same time, StoneX also has a number of subsidiaries that provide non-gold brokerage services to retail investors.。StoneX One provides a robust infrastructure for trading stocks, ETFs and stock options。Forex.com has a worldwide reputation for services in foreign exchange, spot metals and futures trading。