StoneX Group Inc. has reported the execution and clearance
of the initial trade on the inaugural trading day of Abaxx Commodity Futures
Exchange and Clearinghouse.
StoneX Introduces LNG Futures
StoneX clients are now able to engage in physically
deliverable futures contracts for LNG and Carbon, with Nickel Sulphate
contracts soon to follow. This development is aimed at bolstering market price
discovery and improving risk management tools for these essential commodities,
thereby supporting the energy transition efforts.
Meanwhile, StoneX Financial Ltd, a subsidiary of StoneX
Group Inc., has
entered a strategic partnership with NatWest Group PLC to enhance NatWest’s
international payment capabilities, as reported by Finance Magnates. This
collaboration aims to streamline cross-border FX services for NatWest’s
clients.
Under the agreement, StoneX Payments will leverage its
expertise in third-party delivery and international FX payments to support
NatWest. This integration will enable NatWest’s corporate clients to execute
fund transfers across a broader range of countries. The partnership will expand
NatWest’s local payment capabilities to encompass an additional 10 currencies,
opening up new markets previously inaccessible.
At the heart of this alliance is StoneX’s API-driven
financial platform, bolstered by a network of over 350 correspondent banks.
This infrastructure will enable NatWest to offer competitive FX rates and a
seamless payment experience to its clientele. StoneX Payments’ proprietary
network will ensure transparency in payment processes, providing NatWest with
detailed transaction information from initiation to delivery.
StoneX Group Inc. has reported the execution and clearance
of the initial trade on the inaugural trading day of Abaxx Commodity Futures
Exchange and Clearinghouse.
StoneX Introduces LNG Futures
StoneX clients are now able to engage in physically
deliverable futures contracts for LNG and Carbon, with Nickel Sulphate
contracts soon to follow. This development is aimed at bolstering market price
discovery and improving risk management tools for these essential commodities,
thereby supporting the energy transition efforts.
Meanwhile, StoneX Financial Ltd, a subsidiary of StoneX
Group Inc., has
entered a strategic partnership with NatWest Group PLC to enhance NatWest’s
international payment capabilities, as reported by Finance Magnates. This
collaboration aims to streamline cross-border FX services for NatWest’s
clients.
Under the agreement, StoneX Payments will leverage its
expertise in third-party delivery and international FX payments to support
NatWest. This integration will enable NatWest’s corporate clients to execute
fund transfers across a broader range of countries. The partnership will expand
NatWest’s local payment capabilities to encompass an additional 10 currencies,
opening up new markets previously inaccessible.
At the heart of this alliance is StoneX’s API-driven
financial platform, bolstered by a network of over 350 correspondent banks.
This infrastructure will enable NatWest to offer competitive FX rates and a
seamless payment experience to its clientele. StoneX Payments’ proprietary
network will ensure transparency in payment processes, providing NatWest with
detailed transaction information from initiation to delivery.
This post is originally published on FINANCEMAGNATES.