Convertible Bonds

StoneX convertible bonds desk

Convertible Bonds
Discover how the StoneX desk's sure-handed guidance can help you balance opportunity and risk for optimal portfolio enhancement.

Expand your reach into convertible bonds with the StoneX fixed income team

Navigate the complexities of convertible bonds and capitalize on opportunities with StoneX's customized solutions for achieving your objectives.

Convertible Bonds Fixed Income Team

Supported convertible bonds products

Explore a diverse range of convertible bond options and strategies, tailored for optimizing your portfolio mix and meeting your specific investment goals.
Portfolio light
Portfolio dark

Convertible bonds traded

  • Traditional convertible bonds
  • Mandatory convertible bonds
  • Exchangeable bonds
  • Reverse convertible bonds
  • Synthetic convertible bonds
Security

Convertible bond structuring

  • Custom convertible bond instruments
  • Convertible bond offerings for corporations
  • Tailored convertible bond solutions for institutional investors
Help desk
Help desk

Hedging and derivatives

  • Convertible bond hedging strategies
  • Options and derivatives related to convertible bonds
  • Delta hedging for convertible bond portfolios
Security

Convertible bond arbitrage strategies

  • Structuring and executing convertible bond arbitrage opportunities

Clients we serve

Providing tailored convertible bond solutions for a range of clients, from institutional to private wealth, aligning with distinct investment needs.

Institutional

The StoneX desk provides pension funds, hedge funds, and endowments with strategic investment opportunities in convertible bonds, offering a mix of income and growth potential. Our expertise in market analysis and risk management aligns with their goals for long-term asset growth and diversification.

Commercial and government clients

For corporates, SMEs, and government entities, we provide convertible bond solutions that support efficient capital raising and strategic financial management. Our services are customized to aid in their growth, capital structure optimization, and risk mitigation.

Private wealth clients

At StoneX, we cater to family offices and high net worth individuals with personalized investment strategies, focusing on wealth preservation and growth through convertible bonds. Our approach combines market insights with a deep understanding of individual risk profiles and investment goals.

Key capabilities

Enhancing investment success through comprehensive advisory, sophisticated market access, and cutting-edge research and analytics.

Advisory services

  • Investment strategy development
  • Risk and return analysis
  • Market trend analysis and forecasting
  • Portfolio optimization and diversification

Market access and execution

  • Direct market access for trading
  • Best execution services
  • Electronic and algorithmic trading solutions

Research and analytics

  • In-depth research on markets
  • Analytical reports on issuers and instruments
  • Performance analysis and benchmarking

Liquidity management

  • Providing liquidity solutions in markets

Regulatory and compliance advisory

  • Guidance on regulatory aspects
  • Compliance support for transactions

The StoneX advantage

StoneX_Icon_Carbon-for-ibm-dotcom_Dark
StoneX_Icon_Carbon-for-ibm-dotcom_Light

Global market access

StoneX provides unparalleled access to global convertible bond markets, ensuring clients can capitalize on a wide range of investment opportunities across various regions and sectors.
StoneX_Icon_Carbon-for-ibm-dotcom_Dark
StoneX_Icon_Carbon-for-ibm-dotcom_Light

Tailored risk management solutions

Our approach to risk management in convertible bonds is customized, balancing growth potential with controlled risk exposure to align with each client's unique investment profile.
StoneX_Icon_Carbon-for-ibm-dotcom_Dark
StoneX_Icon_Carbon-for-ibm-dotcom_Light

Advanced analytics and insights

We equip you with cutting-edge market analytics and insights, enabling informed decision-making and the identification of prime investment opportunities in the convertible bonds arena.
StoneX_Icon_Carbon-for-ibm-dotcom_Dark
StoneX_Icon_Carbon-for-ibm-dotcom_Light

Personalized advisory and support

We offer dedicated advisory services, combining our deep market knowledge with a commitment to understanding and meeting each client's specific investment objectives in convertible bonds.

Related services

StoneX_Icon_Cloud-Service-Management_Dark
StoneX_Icon_Cloud-Service-Management_Light

High-touch trading

Experience personalized, high-touch trading services for sophisticated market navigation. StoneX offers tailored support for complex trades and strategies.
StoneX_Icon_Chart-Line_Dark
StoneX_Icon_Chart-Line_Light

Fixed income trading

Access a broad spectrum of fixed income products. StoneX’s trading solutions cater to diverse investment goals, from risk management to income generation.
StoneX_Icon_Chart-Multitype_Dark
StoneX_Icon_Chart-Multitype_Light

Market Intelligence & analytics

Stay informed with StoneX’s advanced market intelligence and analytics. Gain insights into market trends, investment opportunities, and risk assessment.
StoneX_Icon_Finance_Dark
StoneX_Icon_Finance_Light

Wealth and asset management services

Benefit from StoneX’s comprehensive asset management services, offering strategic advice and portfolio management tailored to your unique financial objectives.

Market Intelligence

Stay one step ahead of the markets with deep data and incisive commentary from our award-winning traders and analysts across the globe.

Market Intelligence: Recent articles

Discover more insights

Dive into comprehensive market analysis from StoneX spanning commodities, equities, currencies and more.

Upcoming events

Convertible bonds FAQ

How do convertible bonds work?

Convertible bonds blend the features of bonds and stocks, offering the security of fixed income with an option to convert to equity. Investors earn interest income, with an opportunity to participate in the company’s equity growth.

Are convertible bonds affected by interest rate changes?

Like traditional bonds, convertible bonds can be impacted by interest rate changes. However, their equity conversion feature may offer some buffer against interest rate risks, making them a versatile choice in varying market conditions.

Are convertible bonds equity or fixed income?

Convertible bonds are unique as they start as fixed income securities and can be converted into equity. This dual nature allows investors to benefit from the stability of fixed income and the potential upside of equity investments.

Do convertible bonds have higher yields?

Convertible bonds typically offer lower yields compared to traditional bonds due to their equity conversion feature. However, they provide a balance of income and growth potential, appealing to investors seeking diversification.

What are the advantages and disadvantages of investing in convertible bonds?

Advantages include potential for capital appreciation, reduced risk profile, and income generation. Disadvantages may involve complexity, lower yield compared to some fixed income options, and the risk of conversion triggering equity dilution.
StoneX: We open markets

Our market expertise, advanced platforms, global reach, culture of full transparency and commitment to our clients’ success all set us apart in the financial marketplace.

  • Partnership icon
    Globality

    With access to 40+ derivatives exchanges, 180+ foreign exchange markets, nearly every global securities marketplace and numerous bi-lateral liquidity venues, StoneX’s digital network and deep relationships can take clients anywhere they want to go.

  • Price tag
    Transparency

    As a publicly traded company meeting the highest standards of regulatory compliance in the markets we serve; our financials and record of accomplishment are matters of public record. StoneX’s commitment to “doing the right thing over the easy thing” sets us apart in the industry and helps us build respect, client trust and new partnerships.

  • PC Monitor Blue
    Expertise

    From our proprietary Market Intelligence platform, to “boots on the ground” expertise from award-winning traders and professionals, we connect our clients directly to actionable insights they can use to make more informed decisions and achieve their goals in the global markets.

+
!

By submitting this form, you are sending StoneX Group Inc. and its subsidiaries your personal information to be used for marketing purposes. View our  Privacy notice  to learn more.

+
!

By submitting this form, you are sending StoneX Group Inc. and its subsidiaries your personal information to be used for marketing purposes. View our  Privacy notice  to learn more.

© 2025 StoneX Group Inc. all rights reserved.

The subsidiaries of StoneX Group Inc. provide financial products and services, including, but not limited to, physical commodities, securities, clearing, global payments, risk management, asset management, foreign exchange, and exchange-traded and over-the-counter derivatives. These financial products and services are offered in accordance with the applicable laws in the jurisdictions in which they are provided and are subject to specific terms, conditions, and restrictions contained in the terms of business applicable to each such offering. Not all products and services are available in all countries. The products and services offered by the StoneX Group of companies involve risk of loss and may not be suitable for all investors. Full Disclaimer.

This website is not intended for residents of any particular country, and the information herein is not advice nor a recommendation to trade nor does it constitute an offer or solicitation to buy or sell any financial product or service, by any person or entity in any jurisdiction or country where such distribution or use would be contrary to local law or regulation. Please refer to the Regulatory Disclosure section for entity-specific disclosures.

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. The information herein is provided for informational purposes only. This information is provided on an ‘as-is’ basis and may contain statements and opinions of the StoneX Group of companies as well as excerpts and/or information from public sources and third parties and no warranty, whether express or implied, is given as to its completeness or accuracy. Each company within the StoneX Group of companies (on its own behalf and on behalf of its directors, employees and agents) disclaims any and all liability as well as any third-party claim that may arise from the accuracy and/or completeness of the information detailed herein, as well as the use of or reliance on this information by the recipient, any member of its group or any third party.

StoneX Financial Inc. (“SFI”) is a member of FINRA/NFA/SIPC and registered with the MSRB. SFI is registered with the U.S. Securities and Exchange Commission (“SEC”) as a Broker-Dealer and with the CFTC as a Futures Commission Merchant and Commodity Trading Advisor. References to securities trading and prime services are made on behalf of the BD Division of SFI. References to exchange-traded futures and options are made on behalf of the FCM Division of SFI. You can learn more about the background of StoneX Financial Inc. on BrokerCheck.

StoneX Outsourced Services LLC provides Outsourced Trading Services. The company is a member of FINRA/SIPC and NFA , and registered with the SEC as a Broker Dealer and CFTC. You can learn more about the background of StoneX Outsourced Services LLC on BrokerCheck.

Wealth management services are offered through StoneX Wealth Management, a trade name used by StoneX Securities Inc., member FINRA/SIPC and StoneX Advisors Inc. StoneX Securities Inc. and StoneX Advisors Inc. are wholly owned subsidiaries of StoneX Group Inc. You can learn more about the background of StoneX Securities Inc. on BrokerCheck.

StoneX One is a proprietary online trading platform through which investors and traders can open securities and/or futures accounts. Accounts opened through StoneX One are currently available to U.S. persons only. Not all products are available. StoneX One accounts opened through StoneX Securities Inc. are introduced to and custodied at StoneX Financial Inc. (SFI), and all customer orders will be transmitted to SFI for execution, clearance and settlement.

Securities products offered by StoneX Financial Inc. (“SFI”) & StoneX Outsourced Services LLC are intended only for an audience of institutional clients only. Securities products offered by StoneX Securities Inc. and investment advisory services offered by StoneX Advisors Inc. are intended for an audience of retail clients only.

This information is not a recommendation to trade nor investment research or an offer to buy or sell any derivative or security. 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 Inc. of companies to enter into any transaction with you. You are advised to perform an independent investigation of any transaction to determine whether any transaction is suitable for you.

Additional disclosures can be found on https://stonex.com/en/compliance-library/