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What is the relationship between City Index and StoneX Financial Ltd?
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IntroductionCity Index is a trading brand of StoneX Financial Ltd. In 2020, StoneX Group Inc. (then known as INT ...
City Index is European and American fxa trading brand of StoneX Financial Ltd. In 2020, StoneX Group Inc. (then known as INTL FCStone) completed the acquisition of GAIN Capital Holdings, Inc. which operates the Forex (then known as INTL FCStone), which operated the Forex.com and City Index brands. As a result, City Index became part of the StoneX Group and is operated by StoneX Financial Ltd.
Business Integration
Following the completion of the acquisition, City Index's clients will be able to benefit from the StoneX Group's wider range of financial products and services, while StoneX has significantly expanded the range of services offered on its digital platform for retail clients by integrating City Index's business. This integration enables StoneX to offer its clients a wider range of trading products and more robust trading technology, further enhancing its competitiveness in the global financial services market.
Regulatory and Compliance
City Index, as part of StoneX Financial Ltd, operates under the supervision of the relevant financial regulators. For example, in the UK, City Index is regulated by the Financial Conduct Authority (FCA) and in Australia, its operations are regulated by the Australian Securities and Investments Commission (ASIC). This indicates that City Index's operations comply with stringent regulatory standards and provide investors with a degree of security.
Summary
City Index, a brand of StoneX Financial Ltd, has integrated its business and operations into the StoneX Group's global financial services network. This integration not only enhances City Index's service capabilities, but also brings StoneX a broader client base and market opportunities. When choosing City Index for trading, investors can rely on StoneX Group's strong background and compliance regulation for a safer and more reliable trading experience.
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