[ O U T S O U R C E D T R A D I N G S U R V E Y ]
StoneX
StoneX |
2025 |
2024 |
2023 |
Global |
Difference to Global |
Coverage |
6.58 |
6.60 |
7.00 |
6.25 |
0.33 |
Execution |
6.50 |
6.70 |
7.00 |
6.20 |
0.30 |
Operations and Post-Trade |
6.42 |
6.20 |
7.00 |
6.19 |
0.22 |
Relationship Management |
6.64 |
6.80 |
7.00 |
6.15 |
0.49 |
Trade Decision Support |
6.55 |
6.33 |
7.00 |
6.00 |
0.55 |
IPO Process and Allocations |
5.29 |
6.40 |
- |
5.25 |
0.03 |
Onboarding |
6.09 |
6.44 |
7.00 |
5.98 |
0.11 |
Client Services |
6.50 |
- |
- |
6.15 |
0.35 |
Cost vs Value |
6.00 |
6.00 |
6.73 |
5.99 |
0.01 |
Average |
6.28 |
6.46 |
6.96 |
6.02 |
0.30 |
Over the last 12 months StoneX has been targeting what it considers to be“ non-traditional” clients such as family offices, insurance companies and other broker dealers. This ongoing shift from investment firms to turn to outsourced trading can be due to numerous reasons, and StoneX believes a key factor is managers looking to optimise their cost structure.“[ This ] has brought them to our trading capabilities but also has allowed us to sell incremental services beyond just the traditional execution function”. StoneX highlights how it envisages outsourcing models moving from an execution service to one that includes additional services like outsourced middle-office in the future. When asked if they would recommend the service provider to their peers in the industry, an impressive 83 % of clients responded“ yes, definitely”. Hardly surprising when you consider that in three years, the average score in every category bar one has been in the
Chart 1
Very Good or Excellent category – with IPO Process and Allocations this year being the outlier. Appearing in our Outsourced Trading survey for three years consecutively, this provider sits once again in the Very Good range, with 62 % of respondents rating the service provided by StoneX as Excellent. With an overall score of 6.28- despite the annual decline- StoneX beats the global average by 30 basis points. Looking at the respondent breakdown, the majority of StoneX’ s clients report to having an AUM in the $ 1 billion- $ 100 billion bracket( 42 %). Geographically, 75 % of clients are based in the US, with the remaining spread across Europe and Australia. Trade Decision Support( 6.55) is one of two categories to see an uptick in ratings this year, increasing 22 basis points. Clients highlight that the flow of information, market insights, and bespoke stock news provided
44 // Outsourced Trading Handbook // 2025