StoneX rebrands coininvest to StoneX Bullion
“StoneX offers one of the strongest institutional metals trading and research offerings in the market, and the launch of StoneX Bullion aligns our retail metals trading platform with this brand. Going forward, we are committed to investing in new capabilities that enhance the opportunities for StoneX Bullion customers.”
StoneX Group has announced the rebranding of coininvest, an online provider of gold, silver, platinum, and palladium products to private individuals, institutional investors, and financial advisors.
coininvest, which was acquired in 2019 by StoneX back when it was known as INTL FCStone, has been rebranded to StoneX Bullion.
StoneX Bullion delivers the same products and services as coininvest, with clients able to access a wider range of financial products over the coming months.
StoneX Bullion aligns retail metals trading platform with institutional offering
StoneX Bullion provides a marketplace for individuals to buy, sell, and invest in physical precious metals. The site stocks high-quality and sought-after metals in silver, gold, platinum, and palladium. With offices in Frankfurt, Singapore, Shanghai, Dubai, and London, StoneX Bullion’s precious metals team can serve virtually every client in the bullion market.
Daniel Marburger, Managing Director, StoneX Bullion, commented: “StoneX offers one of the strongest institutional metals trading and research offerings in the market, and the launch of StoneX Bullion aligns our retail metals trading platform with this brand. Going forward, we are committed to investing in new capabilities that enhance the opportunities for StoneX Bullion customers.”
In addition to physical bullion trading, StoneX provides precious metals hedging services to corporate and institutional clients through its flagship trading platform, PMXecute, backed by StoneX’s global team of metals professionals.
StoneX also offers retail precious metals trading capabilities and research on its FOREX.com and City Index platforms.
StoneX launched SOFR swaps for FX clients
StoneX has recently introduced new capabilities for its OTC trading clients to facilitate the transition to SOFR from LIBOR, including SOFR caps and floors available in StoneX Pro, StoneX’s flagship FX institutional trading platform.
The new SOFR swap trading capabilities address the Fed’s Alternative Reference Rates Committee’s recent decision to require financial institutions to implement SOFR as the primary benchmark for overnight rates.
StoneX Pro is a comprehensive suite of institutional FX and CFD services offered by subsidiaries of StoneX Group Inc. Its comprehensive FX offering includes all major and emerging market pairs, as well as forwards, options, NDFs, and physical settlement services.
The CFD product line includes streaming liquidity across 12,000 products across FX, indices, metals, commodities, and equities.
