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StoneX Promotes Qianyue Dai as VP, Senior Manager Retail for China and Japan

The FX and CFD brokerage firm StoneX has promoted
Qianyue Dai as VP, Senior Manager of Retail for China and Japan. Dai’s role
entails managing retail sales, institutional sales, and client management teams
in the two regions.

According to her LinkedIn profile, Dai has dedicated
more than three years to StoneX Group, previously serving as the Manager for
Sales and Client Management and Senior Manager for Retail for China.

Forex Industry Veteran

Previously, she held several roles in Gain Capital, an
online provider of retail forex trading firms acquired by StoneX in 2020. At the firm, Dai rose from Forex Specialist to Manager of Sales and Client Management for China.

StoneX Group experienced a robust performance in the first
quarter of fiscal year 2024, generating $74.6 million in operating revenue from
its forex and contracts for differences (CFDs) offerings. While this marks a significant increase of 53% compared
to the same period last year, there was a slight decline of 6 decline from the previous
quarter's performance.

StoneX's revenue growth in Q1 came
from retail sales of FX and CFDs contracts, which contributed $66.6 million to
the operating revenue, representing a substantial increase of 68% year-over-year.

Positive Financial Results

Despite the overall revenue growth, StoneX reported a
15% year-over-year decline in the average daily volume of FX/CFDs trading, which
amounted to $10.9 billion. However, the rate per million surged by 73% to $109,
indicating higher profitability per trade.

StoneX, previously known as INTL FCStone, expanded its
footprint into the retail FX and CFDs industry with the acquisition of GAIN
Capital for $236 million. This move positioned the New York-based conglomerate
as a major player in the retail FX and CFDs brokerage market.

This article was written by Jared Kirui at www.financemagnates.com.