StoneX Expands Financial Ecosystem with Montreal Exchange
StoneX Expands Financial Ecosystem with Montreal Exchange
StoneX Group Inc. (NASDAQ: SNEX; “StoneX” or the “Company”) today announced that its wholly-owned subsidiary, StoneX Financial (Canada) Inc. (“StoneX Canada”), has gained Approved Participant status on the Montreal Exchange (TMX). The new status further adds to the Company’s extensive financial ecosystem, which enables clients to access 40+ derivatives exchanges globally.
StoneX Canada’s Montreal office, with a long-established commodity trading and risk management footprint, now offers expertise in listed fixed income products on the TMX to a wide spectrum of global financial clients, including financial institutions, pension funds, hedge funds, index funds and family offices. Clients in the US, Canada and the EU can now also capitalize on intermarket spread opportunities between the CME and the TMX, leveraging the Company’s broad execution and clearing expertise in the Canadian markets.
Entry into the TMX demonstrates the Company’s commitment to expanding its global footprint and providing clients with institutional-grade market access and diverse financial products across multiple exchanges. This commitment also includes StoneX’s April 2024 entrance as a member of the Australian Securities Exchange (ASX), another milestone for the Company's targeted expansion into the APAC region.
“Combined with our recent entrance to the ASX, StoneX’s new status on the Montreal Exchange marks an important step in the Company’s global growth strategy” said Alex Lacroix, Regional Director of StoneX Montreal. “We look forward to leveraging Montreal’s position as a key derivatives hub to help our institutional clients seize new opportunities in the financial markets.”
The initiative solidifies StoneX’s position as a leading provider of comprehensive financial services, offering clients access to a full range of global markets, enhancing their trading capabilities and connections – all from one single, trusted partner.
About StoneX Group Inc.
StoneX Group Inc., through its subsidiaries, connects clients with the global markets across a broad array of asset classes – providing execution, post-trade settlement, clearing and custody services through one trusted partner. Clients use its global financial services network to pursue trading opportunities, make investments, manage their market risk, and improve their performance. A publicly traded company (NASDAQ: SNEX) headquartered in New York City, StoneX Group Inc. and its 4,000+ employees serve more than 52,000 commercial, institutional, and global payments clients, and 400,000 active retail accounts, from more than 80 offices spread across six continents.
For more information, please contact:
Clearing: Alex Lacroix, Regional Director | +1 438-469-1889
Execution: Martin Fabi, Risk Management Consultant | +1 438-469-1891
Holly Morrison, Trade Desk Assistant | +1 438-469-1892
For further details and inquiries, please visit: