StoneX Financial Europe GmbH, part of the StoneX Group, on Tuesday announced a new partnership with Expana to launch Expana’s IOSCO-guaranteed over-the-counter (OTC) dairy derivatives that refer to EU dairy standards.
The collaboration will initially offer contracts for fat-filled milk powder and high-protein whey, before expanding to other dairy products.
The tools will be available on StoneX Plus, allowing users to trade directly using Expana’s metrics and gain greater insight into market prices and volatility.
“This collaboration represents a significant milestone for the dairy industry,” said Spencer Weeks, CEO of Expana.
“By combining Expana’s independent, IOSCO-verified standards with StoneX’s unparalleled leadership in the OTC and dairy futures markets, we are building tools that will promote more effective and transparent dairy risk management for years to come.”
Liam Fenton, Global Head of Dairy and Food Group at StoneX, said the partnership will provide clients with trusted and independent benchmarks to improve liquidity and price visibility.
The companies said the new supply supports a more efficient global dairy market, and helps producers, processors and investors hedge against price fluctuations amid rising demand and volatile commodity costs.