Daniels Trading rebrands IB business amid StoneX acquisition

Rick Steves

From 1986 to 1994, Mr. Daniels continued to build his reputation as a commodity broker and a grain trader. In 1995, Andy Daniels decided to establish a firm built around the attributes that had created his success: “Independent. Objective. Reliable”.

Daniels Trading has announced its new brand and service offerings in the context of the independent introducing futures broker being part of StoneX Group.

The company’s new logo integrates both Daniels Trading and StoneX Group brands. All Daniels Trading employees and brokers are using StoneX-branded emails, with danielstrading.com addresses being forwarded to the new ones. The company website, www.danielstrading.com, will eventually transition to StoneX.com.

The benefits of the merger include an expanded market intelligence platform, a managed bushels program called Merchants Plus (M+) for agriculture producers, an integrated risk management program, access to global payments, OTC products, securities custody and clearing, as well as other institutional services.

Andrew Daniels, Founder and CEO at Daniels Trading, said: “For more than 26 years, we have been committed to providing customized services to thousands of traders. The culture of trust that has been our hallmark for the last quarter-century remains the same, and we continue to provide objective and reliable solutions for our clients. As part of StoneX, we have the ability to offer even more services and resources to our customers.”

Sean O’Connor, Chief Executive Officer at StoneX, commented: “It is an exciting time for both StoneX and Daniels Trading. Through the acquisition of GAIN and its subsidiaries, StoneX has made a major commitment to the retail trading space, more than doubling our number of active retail accounts. Respected brands such as Daniels Trading are an important addition to our retail offering, and Daniels clients can expect to benefit from the breadth of services now available to them through StoneX.”

Daniels Trading is a brand of Global Asset Advisors, a subsidiary of GAIN Capital Holdings, Inc. The online provider of retail Forex trading was acquired by StoneX Group, formerly known as INTL FCStone, in 2020. GAIN’s shareholders received $6.00 per share, representing approximately $236 million in equity value.

The acquisition of GAIN Capital led to a 1,200% surge in operating revenues from FX and CFD contracts in Q4 2020. From $4.6 million in Q4 2019, revenues jumped to $59.8 million in Q4 2020, which is a 1,200% change. The retail FX operation alone went from zero to $54.8 million in revenues.

A provider of institutional access to 36 derivative exchanges, 175 FX markets, securities exchanges, and liquidity venues, StoneX has expanded to the retail market by acquiring GAIN Capital, with FOREX.com and City Index being the prominent brands of that operation.

Daniels Trading is a Chicago-based independent introducing futures broker founded by Andrew Daniels in 1995. A leading figure on the trading floors of grain exchanges around the world, Mr. Daniels started as a runner on the grain floor of the Chicago Board of Trade and quickly grew his network of traders, brokers, and exchange professionals.

From 1986 to 1994, Mr. Daniels continued to build his reputation as a commodity broker and a grain trader. In 1995, Andy Daniels decided to establish a firm built around the attributes that had created his success: “Independent. Objective. Reliable”.

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