StoneX Group completed its acquisition of Octo
Finances, a Paris-based fixed-income brokerage, in its latest effort to boost
its European presence. The acquisition deal reportedly expands StoneX’s offerings in bond and convertible sales, debt capital markets, and credit research, adding new capabilities to its fixed-income division.

Expanding Fixed Income

Octo Finances, founded in 1991, focuses on bond trading and credit research. According to the announcement, the addition of Octo Finances strengthens StoneX’s capability to serve institutional clients with fixed-income solutions.

Anthony Di Ciollo, Global Head of Fixed Income at
StoneX, expressed optimism about the acquisition, saying: “We’re thrilled to
officially welcome Octo Finances to StoneX Group and believe the company will
provide us with significant new capabilities. Our joint planning is well
underway, and we are excited by the opportunities for growth for the combined
business in Europe.”

StoneX operates a global financial services network,
providing trading, execution, and risk management services. The company now
aims to integrate Octo Finances’ expertise to offer a more robust suite of
services to its European clients.

Expect ongoing updates as this story evolves.