One of the oldest online brokerage brands in the UK is about to go away.
Institutional broker StoneX Group Inc (NASDAQ:SNEX) has announced that its City Index retail brokerage arm is relaunching as StoneX Trading.
The company said that the move to bring the self-directed business under the StoneX brand will provide retail traders with invaluable access to insights and market intelligence previously only available to institutional investors. The relaunch will also connect clients with the strength, scale and global expertise of the Fortune 50 financial services company, which has more than 80 offices worldwide.
The new StoneX Trading website (at stonex.com/en-gb/individuals/) is now live with the updated branding and experience introduced across digital channels, mobile applications and client communications.
London based City Index was acquired by FOREX.com owner Gain Capital in 2015 for $77 million. The brand came under StoneX ownership when StoneX acquired FOREX.com and Gain Capital in 2020, for $236 million.
StoneX said that City Index clients can continue trading as normal throughout the transition, with no changes to their platforms, accounts or support services. As City Index and StoneX Trading come together, clients will continue to enjoy the trusted trading experience they are already familiar with. The City Index UK brand will retire on 12 September, with all new account openings moving to StoneX Trading.
The move further aligns the retail business with StoneX’s broader global financial services franchise, which serves commercial, institutional, payments and self-directed clients.
Giles Watts, Regional Business Director, EMEA – Self Directed, StoneX, said,“For decades, City Index has earned the trust of traders by delivering reliable platforms, broad market access and high-quality client services. Moving to StoneX Trading marks an exciting new chapter that builds on that legacy while bringing our retail offering under a brand recognised globally for its strength in financial markets.
“For our clients, the transition is deliberately straightforward. They will continue using the same platforms and be serviced by the same support teams they know and trust today. The real change is in the brand behind the experience that reflects the additional scale, expertise and global capabilities of StoneX, which positions us to continue investing in the products, technology and services our clients value most.”
Alastair Hine, Global Head of Self Directed, StoneX, added,“StoneX Trading represents our ambition for the future of self-directed trading. By bringing City Index’s trusted legacy together with the strength and global capabilities of StoneX, we are creating a much stronger platform for innovation and continued investment in the products, technology and overall experience offered to our clients.”