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Case Study

StoneX simplifies the post trade technology ecosystem with TAM

Global broker-dealer improves client service and post trade efficiency with Genesis middle office solution

The Challenge

StoneX provides institutional access to 39 derivatives exchanges, 175 foreign exchange markets, nearly every global securities marketplace and bi-lateral liquidity venues, as well as retail market access via FOREX.com and City Index, among other platforms.

The firm provides institutional-grade digital platforms, high-touch service and market intelligence to help clients pursue trading opportunities, make investments efficiently, manage market risk and improve their business performance.

With StoneX, clients have one trusted partner to access markets worldwide.

Like many financial markets firms, StoneX’s post-trade operations were siloed by asset type, most notably equity versus fixed income, and by the use of multiple OEMS systems.

As a result, the technologies used to support the middle and back-office workflows were not integrated, creating a series of operational and financial risks, and were resource and cost-intensive to manage.

Post-trade operations siloed

The technologies used to support the middle and back-office workflows were not integrated.

Less than a year to develop

Being geographically close to StoneX, we engaged in numerous in-person workshops over two months, which translated into a deep understanding of StoneX’s needs and vision.

Launched in 2020

Since it first deployed TAM for StoneX in 2020, Genesis has added multiple customized features and capabilities to further support StoneX trading operations.

The Solution

StoneX implemented the Trade Allocation Manager (TAM) to achieve a universal post trade middle office solution.

TAM provided StoneX with:

  • a single middle-office platform for capturing trades from multiple OEMs and multiple asset classes and markets.
  • Automation and electronic workflow catering to the specifics of multiple asset classes, for example equities, listed derivatives and fixed income
  • A centralized system for trade allocation and management of client entity data and settlement instructions
  • Efficient exceptions management and an alert system that helps quickly identify and resolve mismatches
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The Benefits

The modern, flexible TAM solution dramatically simplified the post trade technology ecosystem at StoneX and, for the first time, unified connectivity and automation between its front, middle and back offices.

Reduce errors and cost

With a single platform that supports multi-asset workflow for trade allocation, the firm becomes more operationally efficient and has the tools to reduce errors and cost.

Improve efficiency

StoneX has been able to allocate team resources away from post trade operations roles and has enjoyed a decrease in operational costs.

Improve client service

At the same time, the efficiency and control provided by TAM helped StoneX improve the level of client service it provides, resulting in more client trading activity and revenue to the firm.

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