StoneX Acquires Fixed Income Brokerage Firm Octo Finances

StoneX has completed its acquisition of Paris-based fixed income brokerage firm, Octo Finances, as the firm seeks to bolster its presence in the asset class, according to a story in The Trade news. The deal was first announced last September and will see StoneX further enhance its fixed income offering and reach across Europe. Octo Finances specializes in bond and convertible sales, debt capital markets, and credit research, serving clients including banks, insurance companies, private debt funds, mutual funds, and private wealth managers.