New York-based INTL FCStone Inc. — which offers comprehensive risk-management and margin hedging programs and services globally to the dairy industry, coupled with OTC hedging tools, M&A advisory services and more — said it is rebranding the firm as StoneX Group Inc. The StoneX name was approved by an overwhelming majority at a shareholder meeting, and effective July 6, 2020, the company will be traded under the symbol SNEX.
StoneX said its new name and its trade name "StoneX" carries forward the foundation established by Saul Stone in 1924 to today's modern financial services firm. Today, the StoneX Group provides an institutional-grade financial services ecosystem connecting its clients to 36 derivatives exchanges, 175 foreign exchange markets, nearly every global securities marketplace and a number of bi-lateral liquidity venues via its network of highly integrated digital platforms and experienced professionals.
"Our firm has experienced transformational growth in recent years — in terms of the breadth and depth of our offering, our technology platforms and our global client base,” said Sean O'Connor, CEO. “This re-brand will help us better define and communicate our strategic focus on driving innovation and digitalization in the global markets going forward."