StoneX’s Prime Services Division Launches Prime Direct

StoneX launches Prime Direct providing institutional-grade routing & systems, without the higher cost of full-service Prime Brokerage services 

 

StoneX Group Inc. (NASDAQ: SNEX) today announced that its Prime Services Division has launched its new Prime Direct offering. The Prime Direct offering has leveraged StoneX’s Prime Brokerage technology to bridge the void between full-service Prime Brokerage services offered to larger managers and discount brokerage options accessible to emerging investors. Providing family offices, hedge funds, and other professional clients with the same institutional routing and systems offered by full-service Prime brokerages, but in a direct-to-client format that includes the StoneX Equities Pro platform which is available in web, mobile, and desktop formats that can be used interchangeably.

Ben Brown, Managing Director of Business Development for Prime Services at StoneX, commented on the news, “StoneX is continuing to push the envelope when it comes giving our clients access to the technological solutions needed to trade the US equities and options markets at an institutional level. As many other firms look for ways to monetize their customer’s trade flow, we’ve actively developed a platform that uses the same routing protocols institutional traders use to avoid unnecessary fees.”

The Prime Direct Platform will be made accessible via StoneX’s digital platform allowing clientele to trade US equity and options while leveraging StoneX’s white-glove service and technical prowess. The Prime Direct platform is a unique offering designed to make prime brokerage services that are provided by top-tier financial institutions to clients with the institutional-grade algo order routing that emerging fund managers are accustomed to in addition to some of the best execution quality on the market. Once users have established an account with StoneX they will be able to easily activate Prime Direct which will offer professional trading capabilities in a way that is fast, inexpensive, and supported by the highest level of customer service.

Douglas Nelson, Managing Director – Co-Head of Prime Services at StoneX Financial Inc., concluded, “We’re excited to have this opportunity to leverage our tech platform to offer the best and most economical solutions to emerging managers and family offices.  As we constantly look to evolve our platform to meet the needs of new managers, we strive to continue providing all of our customers with the same high touch service we’ve been known for throughout the industry.”

Please see the attached one-pager for additional information about the Prime Direct offering.

About StoneX Group Inc.

StoneX Group Inc. through its subsidiaries, operates a global financial services network that connects companies, organizations, traders and investors to the global market ecosystem through a unique blend of digital platforms, end-to-end clearing and execution services, high touch service and deep expertise. StoneX strives to be the one trusted partner to its clients, providing its network, product and services to allow them to pursue trading opportunities, manage their market risks, make investments and improve their business performance. A Fortune-500 company headquartered in New York City and listed on the Nasdaq Global Select Market (NASDAQ:SNEX), StoneX Group Inc. and its over 3,000 employees serve more than 35,000 commercial and institutional clients, and more than 340,000 active retail accounts, from more than 40 offices spread across five continents. Further information on StoneX is available at www.stonex.com.