StoneX Announces Completion of CDI Acquisition, Expands Cotton Trading Capabilities

Fazzaco learned that StoneX Group Inc.(StoneX), a diversified global brokerage and financial services firm, has announced the completion of its acquisition of CDI-Societe Cotonniere De Distribution S.A (CDI) in a bid to expanded its cotton trading and hedging capabilities. 

The latest acquisition is expected to extend StoneX's trading footprint in Brazil and physical footprint in Continental Europe with new presence in Switzerland. Financial terms of the transaction were not disclosed.

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According to the official press release, StoneX will add physical cotton trading capabilities to its platform and will offer combined products to CDI's global customer base.

Laurent Peyre, CEO of CDI commented: "Joining StoneX will provide CDI's customers with access to an expanded global network of trading and hedging services, backed by a well-established brand. CDI is proud to be joining the StoneX Group. We are excited for this new era for our company, and for our customers who will continue to receive the same level of quality service." Mr. Peyre will remain with StoneX.

Sean O'Connor, CEO of StoneX commented: "StoneX is committed to identifying strategic opportunities and investments that deliver growth for our business, and value to our customers and investors. We are pleased to welcome CDI and its employees to StoneX Group and look forward to the contributions they will make towards these commitments."

As Fazzaco reported earlier, StoneX has become a member of the SWIFT Platform Partnership Program​ through its wholly-owned subsidiary, StoneX Technology Services LLC, furthering the group's commitment to offering clients the latest in digital platforms to improve their payments experience.