Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
StoneX Group: Offering a better way to trade FX<br />
The number one pain point we’ve tried to address in the institutional FX space has been the complexity and<br />
inefficiencies of the bank FXPB model<br />
THE E-FOREX INTERVIEW<br />
and inefficiencies of the bank FXPB<br />
model. It typically takes a year of<br />
legal contract negotiations to open<br />
an account with a bank, then you<br />
need to build all of your own trading<br />
infrastructure, procure trusted liquidity<br />
providers, map out all of your posttrade<br />
messaging, and continually<br />
manage limits and legal documents<br />
with all of your counterparties. Unless<br />
you are trading hundreds of yards of<br />
volume per year, this just doesn’t make<br />
sense. So we came in with the mindset<br />
that we already have all of these things<br />
and we’re really good at them, why<br />
don’t we bundle this into something<br />
our clients can plug into very quickly?<br />
That was the idea behind StoneX Pro,<br />
that you can literally open an account<br />
in a couple of weeks, connect to our<br />
high-performance infrastructure and<br />
full-service trading team, and trade all<br />
of the same products, including physical<br />
settlement and delivery. It’s easier,<br />
cheaper, and a better overall experience.<br />
Each year we publish important<br />
regional spotlights on the fastestgrowing<br />
global electronic FX<br />
trading hubs such as Singapore.<br />
How important are this and other<br />
Emerging Market regions to your<br />
business growth plans and why is<br />
StoneX Pro perfectly positioned<br />
to capture the opportunities they<br />
present?<br />
We’re proud that our efforts have been recognized across the industry<br />
Our Singapore FX desk is very<br />
important strategically. The growth<br />
potential in APAC is high and we look<br />
to the Singapore desk as a gateway<br />
to regional markets across Asia. Our<br />
Singapore team, which we continue<br />
to grow, has its finger on the pulse<br />
of local markets to identify specific<br />
regional opportunities where we can<br />
add value. Emerging markets have<br />
always been one of the cornerstones<br />
of StoneX across all asset classes. Our<br />
flexibility as a company as well as<br />
our risk appetite to support EMs give<br />
us the optimal positioning to service<br />
44 NOVEMBER 20<strong>23</strong> e-FOREX
Change language