StoneX Financial Ltd, the London-based subsidiary of StoneX, has renewed its partnership with the UK rugby club Saracens, introducing fresh and dynamic elements to their collaboration. This extended agreement, which encompasses all facets of the club, will see notable changes, including new jersey branding and enhanced community initiatives.
New Front-of-Shirt Branding
Starting with the 2024/25 season, the StoneX logo will replace City Index on the front of both the men’s and women’s Saracens team jerseys. This shift marks a significant milestone in their ongoing partnership, which has been in place since 2020 and has seen both the men’s and women’s teams achieve league titles. StoneX, a leading financial services network, continues to play a pivotal role in the club’s success.
Beyond traditional sponsorship, StoneX is deeply embedded in the Saracens community, supporting the Saracens Foundation and offering valuable work experience opportunities to students at Saracens High School.
Philip Smith, CEO of StoneX Financial Ltd, expressed his excitement about the renewed partnership: “As we celebrate our centenary this year, I am thrilled to announce this long-term collaboration with Saracens. Our shared values and commitment to excellence make this partnership a perfect fit for the future.”
Fans can look forward to seeing the newly branded StoneX Stadium ready for the September kick-off. StoneX views this extended partnership as a testament to the shared success and growth of both organizations.
A Strategic Long-term Collaboration
The partnership between StoneX and Saracens exemplifies how strategic alliances can transcend traditional boundaries, benefiting both the sports and business communities through shared goals and mutual success.
In recent developments, StoneX executed and cleared the first trade on the inaugural trading day of the Abaxx Commodity Futures Exchange and Clearinghouse in June. This move enables clients to trade physically deliverable futures contracts for LNG and Carbon, with plans to include Nickel Sulphate contracts. This initiative aims to enhance market price discovery and improve risk management tools for these crucial commodities.
StoneX’s financial report for January to March highlighted $80.3 million in revenue, a 30% increase driven by forex and CFDs. Despite this revenue growth, there was a 23% decline in the average daily volume (ADV) for FX and CFDs contracts, dropping to approximately $10.5 billion.
By continuing their partnership, StoneX and Saracens are set to achieve new heights, both on the field and in the financial markets.
