StoneX Scales up Prime Brokerage Offering with Multi-Asset CASS-Compliant Custody Solution

StoneX Financial Ltd., a wholly owned subsidiary of the diversified global brokerage StoneX​ Group, has scaled up its Institutional Prime offerings with the introduction of a multi-asset CASS compliant custody solution. CASS stands for the FCA's Client Asset Sourcebook.

Led by Andrew Sterry, the StoneX Institutional Prime group was built to support mid-tier hedge funds through multi-asset and end-to-end services. And it is an arm of the wider Securities group led by James McAuslan, Global Head of Prime Services and Head of Securities for EMEA.

In addition, StoneX has strengthened the Institutional Prime team with the addition of Gary Clifford-Newman as Cross Asset Sales, and James Barten as Head of EMEA Security Financing.

"The build out of StoneX Institutional Prime is a natural complement to our existing U.S. offering, enabling us to deliver a robust multi-asset set of solutions to support mid-tier hedge funds globally. The product expansion and appointments we’ve announced continue the significant investment in our technology platforms across trading, regulatory reporting, and middle & back office to support sizeable growth in client business within our securities and Prime offering," commented James McAuslan.

"The StoneX Institutional Prime business is well positioned to cater to the needs of hedge fund managers. With a partnership approach and a modular product offering, StoneX's Institutional Prime can support hedge fund managers throughout their entire securities trade cycle," added Andrew Sterry.