Institutional Segment Growth
The Institutional segment saw record net operating revenues and segment income with growth of 27% and 41%, respectively.
Self-Directed Retail Segment Performance
Net operating revenues were up 18% and segment income was up 49%, driven by a 34% increase in average daily volume of FX CFD contracts.
RJO and Benchmark Acquisitions
Closed acquisitions of RJO and Benchmark, expected to be materially accretive to earnings and enhance margins. The RJO acquisition positions StoneX as a market leader in global derivatives.
Custody and Clearing Expansion
Custody and clearing business expanded with correspondent clearing balances surpassing $24 billion, a 27% year-over-year increase.