Global access to commodities, securities, OTC, FX
Abaxx and StoneX have assumed that the material factors referred to in the previous paragraphs will not cause such forward-looking statements and information to differ materially from actual results or events. However, the list of these factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors. The forward-looking statements and information contained in this press release represents the expectations of Abaxx and StoneX as of the date of this press release and, accordingly, is subject to change after such date. Both StoneX and Abaxx undertake no obligation to update or revise any forward-looking statements and information, whether as a result of new information, future events or otherwise, except as required by law. Accordingly, readers are cautioned not to place undue reliance on these forward-looking statements and information. For these statements, StoneX Group Inc. claims the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995.
- The key is having the right information at the right time in order to drive decision-making.
- The information herein is not a recommendation to trade nor investment research or an offer to buy or sell any derivative or security.
- Risks, uncertainties, assumptions, and other factors involved with forward-looking information could cause actual events, results, performance, prospects, and opportunities to differ materially from those expressed or implied by such forward-looking information.
- Our industry-leading platforms in this space include FOREX.com, City Index and coininvest.com.
- In addition, although Abaxx and StoneX have attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated, or intended.
StoneX connects clients to virtually every major agricultural market in the world. We know firsthand how much commodity price volatility can be difficult to manage. Find out more about how our “boots on the ground” and customer-centric approach can help you protect https://traderoom.info/ your margins and grow your business. In 1924, Saul Stone, a door-to-door egg wholesaler, forms Saul Stone and Company, predecessor to FCStone. In 1938, Saul Stone and Company becomes one of the first clearing members of the Chicago Mercantile Exchange (CME).
In a conference call with analysts, CEO Sean O’Connor said, “During the September quarter, market conditions were less beneficial than in prior quarters with generally less of a volatility tailwind than a year ago or even earlier in the fiscal year.” In addition to using some of the world’s most respected asset custodians, StoneX Financial has secured account protection coverage through Lloyd’s of London in the amount of $24.5 million in securities per customer with an aggregate limit of $100 million. Bank of New York Mellon (BNY Mellon) – StoneX Financial uses BNY Mellon for custody of non-U.S. BNY Mellon has more than $31 trillion in assets under custody and/or administration.
Forward-looking statements may be identified by such terms as “seeking”, “should”, “intend”, “predict”, “potential”, “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, “continue”, “plan” or the negative of these terms and similar expressions. Since forward- looking statements are based on current expectations and assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to Abaxx and StoneX, Abaxx and StoneX do not provide any assurance that actual results will meet respective management expectations. Risks, uncertainties, assumptions, and other factors involved with forward-looking information could cause actual events, results, performance, prospects, and opportunities to differ materially from those expressed or implied by such forward-looking information.
Forward-looking statements related to StoneX are largely based on current expectations and projections about future events and financial trends that may affect the financial condition, results of operations, business strategy and financial needs of the company. In light of these risks, uncertainties and assumptions, the forward-looking statements in this press release may not occur and actual results could differ materially from those anticipated or implied in the forward-looking statements. When you consider these forward-looking statements, you should keep in mind these risk factors and other cautionary statements in this press release. With its global full-service FCM offering out of New York, London, and Singapore, and it’s 24-hour coverage and multiple electronic access solutions, StoneX is well placed to be the ideal choice for clients looking to trade on Abaxx Exchange. StoneX and Abaxx Exchange share a deep expertise in the commodity and energy markets, and this offering supports a shared commitment to continued innovation in these markets.
We utilize a global network of over 350 correspondent banks, ensuring efficient and timely payments in local currency. It’s important to note that forex trading involves a high degree of risk and is not suitable for everyone. It’s important to educate yourself about the risks involved and to develop a solid trading strategy before you enter the financial markets and trade foreign currencies.
StoneX Payments at a glance
In the 1970s, Saul Stone and Company becomes one of the major innovators on the CME’s International Monetary Market, bringing financial futures to the forefront of industry. Over the last decade, StoneX has made over 20 strategic acquisitions that have significantly enhanced our resources and global reach, enabling us to provide extensive market access to the clients we serve. Access news, deep analysis and incisive commentary on securities, currencies, interest rates and virtually every publicly traded commodity.
Exchanges
The foreign exchange market, also known as the forex market, is a global decentralized market where currencies are traded between buyers and sellers. This market is the largest and most liquid financial market in the world, with an estimated daily turnover of over $6 trillion. StoneX Outsourced Trading services are provided by INTL Fillmore Advisors LLC, an SEC and CFTC registered broker dealer and member of FINRA, NFA and SIPC.
Consider your personal financial situation, including your risk tolerance, before investing. Stay one step ahead of the ever-changing markets with interest rate hedging solutions from StoneX. We offer a variety of options for borrowers and lenders such as swaps, caps and floors, and access to our deep global liquidity. From producers and consumers to investors and speculators, we connect our customers to the global physical and financial commodity marketplace. As a regulated and publicly traded company, StoneX Group Inc. is subject to stringent corporate governance, financial reporting and disclosure requirements.
Energy markets are subject to worldwide risks that are difficult to predict and can have adverse effects on a company’s bottom line. For more than 30 years, Stonex has focused its attention on helping organizations develop justifiable hedge plans to better pepperstone broker control their energy costs. Our unrivaled advantage of putting our firsthand market knowledge to work – what we call “boots on the ground” – enables us to connect our clients to the solutions they need to succeed in today’s competitive financial markets.
Retail clients
It does not take into account your particular investment objectives, financial situation or needs and does not create a binding obligation on any of the StoneX group of companies to enter into any transaction with you. No part of this material may be copied, photocopied or duplicated in any form by any means or redistributed without the prior written consent of StoneX Group Inc. Hedge Funds represent speculative investments and involve a high degree of risk. Investors must have the financial ability, sophistication/experience and willingness to bear the risks of an investment. This joint press release includes certain “forward-looking statements” which do not consist of historical facts. Forward-looking statements include estimates and statements that describe Abaxx or StoneX’s future plans, objectives, or goals, including words to the effect that Abaxx or StoneX expects a stated condition or result to occur.
StoneX recognizes that our business – and how we choose to operate it – creates impacts that extend beyond our company to affect our physical environment, our society and the global climate. That’s why we have cultivated a culture that emphasizes our commitment to ESG – through good corporate citizenship, diverse perspectives, and full transparency. Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services.
StoneX Becomes Abaxx Exchange’s First Clearing and Trading Member to Expand Market Offering
References to over-the-counter (“OTC”) products or swaps are made on behalf of StoneX Markets, LLC (“SXM”), a member of the National Futures Association (“NFA”) and provisionally registered with the U.S. SXM’s products are designed only for individuals or firms who qualify under CFTC rules as an ‘Eligible Contract Participant’ (“ECP”) and who have been accepted as customers of SXM. StoneX Financial Inc. (“SFI”) is a member of FINRA/NFA/SIPC and registered with the MSRB. Securities and Exchange Commission (“SEC”) as a Broker-Dealer and with the CFTC as a Futures Commission Merchant and Commodity Trading Adviser. References to securities trading are made on behalf of the BD Division of SFI and are intended only for an audience of institutional clients as defined by FINRA Rule 4512(c). References to exchange-traded futures and options are made on behalf of the FCM Division of SFI.