The prime brokerage division of US-based brokerage StoneX has launched an outsourced trading desk aimed at new and emerging asset management firms.
Known as Emerging Manager Platform, the service combines StoneX’s execution services including multi-asset, global connectivity, high-touch expertise, and middle- and back-office support via a single platform.
“Emerging asset managers increasingly turn to outsourced trading desks to meet the challenges of heightened best execution requirements and market structure changes,” said Andrew Caplan, head of outsourced trading at INTL Fillmore Advisors, a StoneX subsidiary. “Our team provides a premium service to these managers, offering our experience and professional buy-side traders as a solution for managers who require additional headcount and trading bandwidth.”
The new Emerging Manager Platform will connect clients with buy-side traders and provide access to more than 150 global brokers, banks, and resource providers. StoneX executes orders as a client’s ‘authorised trader’ with counterparty attribution, and real-time market insights and performance metrics.
“StoneX’s decades of experience across regions and asset classes, diverse product knowledge and strong sell-side connectivity, and our culture of accountability and confidentiality, allow us to become trusted partners that positively impact our clients’ businesses,” Caplan added.
In June, INTL FCStone confirmed it was rebranding to become StoneX Group shortly after completing its acquisition of online trading services provider GAIN Capital.
The move to rebrand was approved by the majority of shareholders at INTL FCStone and took effect on 6 July. It also followed a record 183% increase in revenues year-on-year during the second quarter of this year at INTL FCStone.