# | Name | Price | Chg24h | Chg1h | Chg24h | MCap | Vol24h | Price graph (7d)7d chart |
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<p>StoneX Group (Nasdaq: SNEX), the owner of Forex.com and City Index, published its financials for the first quarter of fiscal 2023, which ended on 31 December, reporting an operating revenue of $48.8 million from <a href="https://www.financemagnates.com/terms/f/forex/" class="terms__main-term" id="6faa6714-7f7b-4d23-b1c5-c0d40807d613" target="_blank">forex</a> and contracts for differences (CFDs) contracts.</p><p>FX/CFDs Revenue Decline on StoneX</p><p>The quarter between October and November turned out to be dull for the company’s FX/CFDs business, as the operating revenue declined by 32 percent year-over-year. The figure also <a href="https://www.financemagnates.com/forex/brokers/stonexs-fxcfds-q4-operating-revenue-jumps-46/" target="_blank" rel="follow">tanked by more than 40 percent from Q4 FY22</a>.</p><p>The <a href="https://www.financemagnates.com/forex/brokers/stonex-completes-236-million-gain-capital-acquisition-deal/" target="_blank" rel="follow">acquisition of GAIN Capital</a> in mid-2020 for $236 million give StoneX control over the two retail FX/CFDs broker brands, Forex.com and City Index.</p><p>The company highlighted a 27 percent decline in FX/CFD contracts RPM be...
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TRAC | 0.51653 (61.03) ▲ |
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