StoneX to Acquire Fixed Income Broker Octo Finances

StoneX has moved to increase its remit and geographical reach through the acquisition of fixed income broker Octo Finances SA. according to a story in The Trade news. The completion of the transaction is subject to regulatory approval and closing conditions. StoneX will acquire 100% of Octo Finances SA shares once complete. The move is designed to expand StoneX’s capabilities in fixed income and grow its presence in Europe, with a particular focus on France.  “This acquisition further expands our growing distribution network by over 500 clients, including banks, insurance companies, private debt funds, mutual funds and private wealth managers,” said Anthony Di Ciollo, global head of fixed income at StoneX. Fixed income broker Octo Finances is located in Paris. It specializes in bond and convertible sales, debt capital markets and credit research.