StoneX Group Inc, a financial services firm specializing in securities and commodities trading, announced on Thursday that its subsidiary business based in London, StoneX Financial Ltd (‘SFL’), has become a member of The London Metal
Exchange
Exchange
An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectively relevant with real-time pricing.Depending upon where you reside, an exchange may be referred to as a bourse or a share exchange while, as a whole, exchanges are present within the majority of countries. Who is Listed on an Exchange?As trading continues to transition more to electronic exchanges, transactions become more dispersed through varying exchanges. This in turn has caused a surge in the implementation of trading algorithms and high-frequency trading applications. In order for a company to be listed on a stock exchange for example, a company must divulge information such as minimum capital requirements, audited earnings reports, and financial reports.Not all exchanges are created equally, with some outperforming other exchanges significantly. The most high-profile exchanges to date include the New York Stock Exchange (NYSE), the Tokyo Stock Exchange (TSE), the London Stock Exchange (LSE), and the Nasdaq. Outside of trading, a stock exchange may be used by companies aiming to raise capital, this is most commonly seen in the form of initial public offerings (IPOs).Exchanges can now handle other asset classes, given the rise of cryptocurrencies as a more popularized form of trading.
An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectively relevant with real-time pricing.Depending upon where you reside, an exchange may be referred to as a bourse or a share exchange while, as a whole, exchanges are present within the majority of countries. Who is Listed on an Exchange?As trading continues to transition more to electronic exchanges, transactions become more dispersed through varying exchanges. This in turn has caused a surge in the implementation of trading algorithms and high-frequency trading applications. In order for a company to be listed on a stock exchange for example, a company must divulge information such as minimum capital requirements, audited earnings reports, and financial reports.Not all exchanges are created equally, with some outperforming other exchanges significantly. The most high-profile exchanges to date include the New York Stock Exchange (NYSE), the Tokyo Stock Exchange (TSE), the London Stock Exchange (LSE), and the Nasdaq. Outside of trading, a stock exchange may be used by companies aiming to raise capital, this is most commonly seen in the form of initial public offerings (IPOs).Exchanges can now handle other asset classes, given the rise of cryptocurrencies as a more popularized form of trading.
Read this Term (‘LME’)’s Platinum Group Metals auction. As a new member, StoneX Financial Ltd can now participate in auctions run twice a day in London that set global benchmark prices for platinum and palladium. The membership has made the firm become the first non-bank to participate in all the major precious metals auctions in London.
StoneX Financial is the sixth participant in the auctions run by the London Metal Exchange. The other members include Johnson Matthey chemicals company, ICBC Standard Bank, HSBC investment bank, Goldman Sachs investment bank, and BASF metals limited.
These firms funnel orders to the auctions of the precious metals. Companies around the world purchase and sell platinum and palladium through the auctions, and the prices they generate are embedded in contracts across the industry.
At the London Metal Exchange, the auctions for both platinum and palladium take place twice daily, once in the morning beginning at 09.45 and once in the afternoon starting at 14.00 (London time). As soon as the platinum price is discovered, the palladium auction commences.
Barry Canham, the Global Head of StoneX Financial Ltd’s Metals Division, mentioned: “We are excited to join the Platinum Group Metals auction as it marks another significant milestone for our precious metals business. We’ve had a strong relationship with the LME primarily on the Base Metal side of the business, so joining the PGM auction was a natural progression as we are already members of the IBA Gold and Silver auctions. Our customers expressed a continued desire for us to become members, and the LME has been incredibly supportive throughout the entire process.”
In addition, StoneX is a participant in daily silver and gold benchmark auctions run in London by ICE Benchmark Administration, an arm of Intercontinental Exchange (ICE).
Platinum and palladium are majorly used by vehicle manufacturers (such as Nissan, Toyota, Hyundai, among others) who embed them in engine exhausts to reduce harmful emissions. However, platinum is also used in other industries like glassmaking, jewellery and as an investment.
Driving Innovation and Digitalization in the Global Markets
In June 2020, StoneX Group abandoned its former name ‘INTL FCStone’ after it completed its acquisition of GAIN Capital, an
online trading
Online Trading
Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more money being spent on advertisements and sponsorships to attract potential traders. Secondly, more traders are aware of the ease in applying for online accounts; the low barrier to entry now means a trader only needs to deposit virtually as little as one wants in order to places trades. Thirdly, the improvement of financial technology, better performing hardware and software, leading to quick and consistent execution, which in turn is helped by higher liquidity, and reduced trading costs such spreads and commissions, have fueled the retail trading industry immensely. How to Trade Online?Before the emergence of the Internet, traders would have to place trades over the phone, which could be rather cumbersome, especially if one wanted to place multiple trades in a short space of time. Indeed, online trading has opened a new field of trading in the form of foreign exchange scalping, whether manually, or by way of automated trading robots. An example of online trading is the trading the foreign exchange market with a forex broker, using a platform which the broker will provide. The trader installs the platform on their computer, and they are given the information and tools needed to start trading. The most common online retail platform for forex trading is known as MetaTrader 4 (MT4).
Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more money being spent on advertisements and sponsorships to attract potential traders. Secondly, more traders are aware of the ease in applying for online accounts; the low barrier to entry now means a trader only needs to deposit virtually as little as one wants in order to places trades. Thirdly, the improvement of financial technology, better performing hardware and software, leading to quick and consistent execution, which in turn is helped by higher liquidity, and reduced trading costs such spreads and commissions, have fueled the retail trading industry immensely. How to Trade Online?Before the emergence of the Internet, traders would have to place trades over the phone, which could be rather cumbersome, especially if one wanted to place multiple trades in a short space of time. Indeed, online trading has opened a new field of trading in the form of foreign exchange scalping, whether manually, or by way of automated trading robots. An example of online trading is the trading the foreign exchange market with a forex broker, using a platform which the broker will provide. The trader installs the platform on their computer, and they are given the information and tools needed to start trading. The most common online retail platform for forex trading is known as MetaTrader 4 (MT4).
Read this Term services provider. The move to rebrand itself was approved by the majority of shareholders of INTL FCStone. The development followed a record 183% increase in revenue year-on-year during the second quarter of 2020. The firm benefited during the Covid-19 pandemic from vigorous trading in everything from natural gas to corn to tech stocks. The rebrand signalled the company’s efforts to offer a more digital platform with efficient access and connectivity to all markets globally. StoneX Group provides its clients with access to 175 foreign exchange venues, 36 derivatives exchanges and almost all other major global securities markets.
StoneX Group Inc, a financial services firm specializing in securities and commodities trading, announced on Thursday that its subsidiary business based in London, StoneX Financial Ltd (‘SFL’), has become a member of The London Metal
Exchange
Exchange
An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectively relevant with real-time pricing.Depending upon where you reside, an exchange may be referred to as a bourse or a share exchange while, as a whole, exchanges are present within the majority of countries. Who is Listed on an Exchange?As trading continues to transition more to electronic exchanges, transactions become more dispersed through varying exchanges. This in turn has caused a surge in the implementation of trading algorithms and high-frequency trading applications. In order for a company to be listed on a stock exchange for example, a company must divulge information such as minimum capital requirements, audited earnings reports, and financial reports.Not all exchanges are created equally, with some outperforming other exchanges significantly. The most high-profile exchanges to date include the New York Stock Exchange (NYSE), the Tokyo Stock Exchange (TSE), the London Stock Exchange (LSE), and the Nasdaq. Outside of trading, a stock exchange may be used by companies aiming to raise capital, this is most commonly seen in the form of initial public offerings (IPOs).Exchanges can now handle other asset classes, given the rise of cryptocurrencies as a more popularized form of trading.
An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectively relevant with real-time pricing.Depending upon where you reside, an exchange may be referred to as a bourse or a share exchange while, as a whole, exchanges are present within the majority of countries. Who is Listed on an Exchange?As trading continues to transition more to electronic exchanges, transactions become more dispersed through varying exchanges. This in turn has caused a surge in the implementation of trading algorithms and high-frequency trading applications. In order for a company to be listed on a stock exchange for example, a company must divulge information such as minimum capital requirements, audited earnings reports, and financial reports.Not all exchanges are created equally, with some outperforming other exchanges significantly. The most high-profile exchanges to date include the New York Stock Exchange (NYSE), the Tokyo Stock Exchange (TSE), the London Stock Exchange (LSE), and the Nasdaq. Outside of trading, a stock exchange may be used by companies aiming to raise capital, this is most commonly seen in the form of initial public offerings (IPOs).Exchanges can now handle other asset classes, given the rise of cryptocurrencies as a more popularized form of trading.
Read this Term (‘LME’)’s Platinum Group Metals auction. As a new member, StoneX Financial Ltd can now participate in auctions run twice a day in London that set global benchmark prices for platinum and palladium. The membership has made the firm become the first non-bank to participate in all the major precious metals auctions in London.
StoneX Financial is the sixth participant in the auctions run by the London Metal Exchange. The other members include Johnson Matthey chemicals company, ICBC Standard Bank, HSBC investment bank, Goldman Sachs investment bank, and BASF metals limited.
These firms funnel orders to the auctions of the precious metals. Companies around the world purchase and sell platinum and palladium through the auctions, and the prices they generate are embedded in contracts across the industry.
At the London Metal Exchange, the auctions for both platinum and palladium take place twice daily, once in the morning beginning at 09.45 and once in the afternoon starting at 14.00 (London time). As soon as the platinum price is discovered, the palladium auction commences.
Barry Canham, the Global Head of StoneX Financial Ltd’s Metals Division, mentioned: “We are excited to join the Platinum Group Metals auction as it marks another significant milestone for our precious metals business. We’ve had a strong relationship with the LME primarily on the Base Metal side of the business, so joining the PGM auction was a natural progression as we are already members of the IBA Gold and Silver auctions. Our customers expressed a continued desire for us to become members, and the LME has been incredibly supportive throughout the entire process.”
In addition, StoneX is a participant in daily silver and gold benchmark auctions run in London by ICE Benchmark Administration, an arm of Intercontinental Exchange (ICE).
Platinum and palladium are majorly used by vehicle manufacturers (such as Nissan, Toyota, Hyundai, among others) who embed them in engine exhausts to reduce harmful emissions. However, platinum is also used in other industries like glassmaking, jewellery and as an investment.
Driving Innovation and Digitalization in the Global Markets
In June 2020, StoneX Group abandoned its former name ‘INTL FCStone’ after it completed its acquisition of GAIN Capital, an
online trading
Online Trading
Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more money being spent on advertisements and sponsorships to attract potential traders. Secondly, more traders are aware of the ease in applying for online accounts; the low barrier to entry now means a trader only needs to deposit virtually as little as one wants in order to places trades. Thirdly, the improvement of financial technology, better performing hardware and software, leading to quick and consistent execution, which in turn is helped by higher liquidity, and reduced trading costs such spreads and commissions, have fueled the retail trading industry immensely. How to Trade Online?Before the emergence of the Internet, traders would have to place trades over the phone, which could be rather cumbersome, especially if one wanted to place multiple trades in a short space of time. Indeed, online trading has opened a new field of trading in the form of foreign exchange scalping, whether manually, or by way of automated trading robots. An example of online trading is the trading the foreign exchange market with a forex broker, using a platform which the broker will provide. The trader installs the platform on their computer, and they are given the information and tools needed to start trading. The most common online retail platform for forex trading is known as MetaTrader 4 (MT4).
Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more money being spent on advertisements and sponsorships to attract potential traders. Secondly, more traders are aware of the ease in applying for online accounts; the low barrier to entry now means a trader only needs to deposit virtually as little as one wants in order to places trades. Thirdly, the improvement of financial technology, better performing hardware and software, leading to quick and consistent execution, which in turn is helped by higher liquidity, and reduced trading costs such spreads and commissions, have fueled the retail trading industry immensely. How to Trade Online?Before the emergence of the Internet, traders would have to place trades over the phone, which could be rather cumbersome, especially if one wanted to place multiple trades in a short space of time. Indeed, online trading has opened a new field of trading in the form of foreign exchange scalping, whether manually, or by way of automated trading robots. An example of online trading is the trading the foreign exchange market with a forex broker, using a platform which the broker will provide. The trader installs the platform on their computer, and they are given the information and tools needed to start trading. The most common online retail platform for forex trading is known as MetaTrader 4 (MT4).
Read this Term services provider. The move to rebrand itself was approved by the majority of shareholders of INTL FCStone. The development followed a record 183% increase in revenue year-on-year during the second quarter of 2020. The firm benefited during the Covid-19 pandemic from vigorous trading in everything from natural gas to corn to tech stocks. The rebrand signalled the company’s efforts to offer a more digital platform with efficient access and connectivity to all markets globally. StoneX Group provides its clients with access to 175 foreign exchange venues, 36 derivatives exchanges and almost all other major global securities markets.
Source: https://www.financemagnates.com/fintech/stonex-becomes-a-member-of-the-platinum-group-metals-auction/