STONEX GROUP INC
Q3 2026 Form 13-F

Description and Activity

The company operates a global financial services network that connects companies, organizations, traders, and investors to financial markets. It provides digital platforms, clearing and execution services, and market intelligence. The company generates revenue through commissions and spreads on transactions, interest and fees on client balances, and consulting fees. The primary customer base includes over 54,000 commercial and institutional clients, and 400,000 retail accounts across 180 countries, comprising commercial entities, broker-dealers, asset managers, banks, and NGOs.

The company's operations are structured into four segments: Commercial, Institutional, Retail, and Global Payments. The Commercial segment offers risk management, hedging, and physical trading services across commodities and financial markets, including execution and clearing for exchange-traded and OTC products. The Institutional segment provides equity trading, fixed income products, clearing, and prime brokerage services, acting as a market maker in foreign securities and offering asset management services. The Retail segment offers access to forex and CFDs, along with wealth management services through mobile platforms and websites. The Global Payments segment provides payment solutions in over 140 currencies, with revenue generated from the spread between buying and selling prices.

Key factors impacting the company's business performance include market conditions, trading volumes, interest rates, and currency fluctuations. The company employs direct sales and digital marketing strategies to acquire new clients, focusing on underserved small to medium-sized clients and geographic expansion. Recent acquisitions, such as Incomm S.A.S. and Cotton Distributors Inc., have expanded the company's service offerings and geographic reach.