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StoneX's FX/CFDs Revenue Drops 38% in Q2

StoneX Group (Nasdaq: SNEX), which owns Forex.com and City Index brands, ended the three months between January and March with a decline of 38 percent in revenue from its forex and contracts for difference (CFDs) units. Strong Pullback in FX/CFDs Demand According to the recently filed Form 10-Q with the Securities and Exchange Commission (SEC), StoneX generated $61.8 million in operating revenue from FX/CFDs business in the second quarter of the fiscal year 2023 compared to $98.9 million in the... Read More

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Posted: May 4 2023, 06:54

Author Name: financemagnates

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