StoneX Markets enhances self-service OTC Platforms

Rick Steves

StoneX Markets’ self-service OTC Platform has been designed to provide direct access to its OTC markets, often considered opaque and complicated to novice investors, so that it can be leveraged by all users of commodity options products.

FINRA boosts OTC transparency by 20% of all NMS Equities

StoneX Markets has enhanced its self-service OTC Platforms for commodities trading thus providing a single, digitized offering from which to fully access, manage and execute futures and options trading (via the affiliated FCM, StoneX Financial Inc.) as well as access to OTC markets (via StoneX Markets LLC as a counterparty).

Clients can now receive market intelligence, risk measurement, scenario analysis, and market execution all in one place.

StoneX Markets’ self-service OTC Platform has been designed to provide direct access to its OTC markets, often considered opaque and complicated to novice investors, so that it can be leveraged by all users of commodity options products.

The digital platform includes the firm’s proprietary Structured Product Online Calculator (“SPOC”), Strategy Option Solver (“SOS”) and Options Calculator (“OC”). When combined and integrated within StoneX Markets’ broad range of service offerings, including Market Intelligence, Accumulator Manager, and My StoneX provide a single, digitized self-service OTC Platform.

Mark Maurer, CEO & President of StoneX Markets, commented: “We’re excited to unveil MyStoneX, one of the most comprehensive and powerful tools on the market for developing and executing risk-based OTC hedging strategies.

“In addition to providing the industry’s most sophisticated technology offering that can support more than 200 commodity products, MyStoneX addresses an educational gap in the OTC marketplace and brings much needed transparency to over-the-counter products. We believe that everyone from the professional trader to the farmer looking to protect his latest crop, deserves to not only understand these products but also feel completely comfortable executing sophisticated risk management strategies. Our self-service OTC platform does just that.”

StoneX Markets’ Self-Service OTC Platforms includes an Options Calculator that allows users to calculate prices and develop effective strategies, with Call/Put, Collar, and 3-Way strategies offered as prepopulated options, for more than 200 commodities traded on the OTC markets. Acting as a gateway for users who are new to the options markets, it offers a payout simulator and customizable strategies.

The other proprietary product is the Strategy Option Solver, which helps develop options strategy using multiple inputs and customization that takes into account the four most popular types of options strategies. It can be used by more sophisticated users to develop more effective zero or minimal cost strategies allowing them to capture some of the benefits offered by structured products.

SPOC is an online calculator for structured options strategies allowing users to customize inputs that take into account things like, customer profile, trade timing, commodity type, aggressiveness of strategy, and accumulation level.

Users can review their structured product strategies using order management and in-depth chart analysis with the platform providing the ability to share these strategies, request quotes and place live orders to take a trading strategy from idea through to execution.

“This self-service offering gives clients direct access to our OTC markets through an easy-to-use platform that puts them in the driver seat, facilitates collaboration with their brokers, and offers them the tools and educational materials needed to determine which hedging strategy works best for them”, Mr. Maurer added.

“We leveraged this industry leading technology and our extensive experience in the OTC markets to deliver a technology platform that can provide the same level of trust and transparency we provide to our clients every day.”

The OTC Self-Service platforms is part of the firm’s range of technology offerings, including market intelligence and post-trade management.

StoneX Group has recently reported its “strongest core operating performance in our history“, including record quarterly operating revenues of $471.4 million (up 29%), quarterly net income of $55.3 million (up 41%), and quarterly diluted EPS of $2.73 per share (ROE of 26.7%).

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