9 months ago
StoneX to Launch Metals Trading Desk in India
StoneX Group, a US financial services company, is opening a new desk in India to trade precious metals like gold and silver.
This is their first local trading office in India, even though they've been importing gold for 20 years.
They plan to hire more people in Mumbai and Bengaluru to help with operations and compliance.
The company thinks India could become a big part of their business in the next 10 years.
They already have offices in Pune and Bengaluru with over 600 employees.
This move is part of their long-term plan to grow in India, not just because of recent price changes in metals.
StoneX Group will launch a precious metals trading desk in India in early 2026.
The desk will primarily serve Indian jewellers and scrap/recycling businesses.
StoneX plans to hire operations and compliance teams in Mumbai and Bengaluru.
The company aims to introduce financial derivatives in India over time.
StoneX operates global capability centers in Pune and Bengaluru with over 600 staff.
- Who
- StoneX Group
- What
- Launch of a precious metals trading desk in India
- Where
- India (Mumbai, Bengaluru)
- When
- Early 2026
- Why
- To expand services and target Indian jewellers and recycling businesses
Key facts
- Company
- StoneX Group
- Launch Date
- Early 2026
- Target Clients
- Indian jewellers, scrap and recycling businesses
- Hiring Locations
- Mumbai, Bengaluru
- Tech Focus
- Automation, integrated trading application
- Current Asia Pacific Profit Share
- 20%
- Global Capability Centers
- Pune, Bengaluru
- Staff Count
- 600+ in India
Quotes
Greg Kallinikos
Chief Executive for Asia Pacific at StoneX Group
“We always had aspirations to come to India.”
thehindubusinessline.com
