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.

This article was written by Jared Kirui at www.financemagnates.com.Retail FXRead More

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