Core Insights - StoneX Group Inc. has received approval from CME Group to operate a New York vault for storing and delivering precious metals, enhancing its integrated offerings in this sector [1][2][3] Group 1: Approval and Infrastructure - The approval allows StoneX clients to access the COMEX and NYMEX delivery network through the New York vault, facilitating secure storage and direct exchange access for institutional traders and other clients [2][3] - The New York vault is one of only 11 depositories in the U.S. approved for COMEX and NYMEX deliveries, positioning it as a key logistical hub for exchange-traded metals [3] Group 2: Market Context and Demand - There has been a record influx of physical metal into New York, with COMEX inventories exceeding 43 million ounces of gold in Q1 2025, indicating strong global demand for U.S.-based storage solutions [2] - The establishment of the New York vault enhances market infrastructure and expands delivery options for clients, reinforcing StoneX's capabilities in physical metals logistics [2][3] Group 3: Strategic Vision and Leadership - The approval aligns with StoneX's long-term strategy to create a fully integrated global metals platform, enhancing its ability to serve clients from trade execution to physical settlement [4] - Leadership emphasizes the significance of this development in providing seamless, end-to-end solutions for precious metals clients, highlighting the firm's unique position as both a regulated FCM and an exchange-approved depository [4]
StoneX Precious Metals Vault in New York is granted CME Registered Depository status for Gold, Silver, Platinum, and Palladium