Group 1 - StoneX Financial Europe GmbH has announced a collaboration with Expana to launch a new suite of OTC dairy derivatives referencing Expana's IOSCO-assured EU dairy benchmarks, enhancing risk management tools and price transparency in the global dairy industry [1][2] - The initial contracts will focus on fat-filled milk powder and high-protein whey, with plans to expand to additional dairy products in the future [2] - The collaboration aims to provide reliable, independent benchmarks that improve liquidity and support transparent pricing, ultimately strengthening risk management across the dairy sector [4] Group 2 - Spencer Wicks, CEO of Expana, stated that this partnership represents a significant milestone for the dairy industry, combining Expana's benchmarks with StoneX's leadership in OTC and futures dairy markets [3] - Liam Fenton, Global Head of Dairy & Food Group at StoneX, emphasized the increasing demand from clients for new risk management strategies in response to market volatility [4] - StoneX Group Inc. serves over 54,000 commercial, institutional, and payments clients, as well as more than 400,000 retail accounts globally [4]