StoneX and Cotlook to Launch New OTC Cotton Derivatives

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  "signal_type": "news",
  "signal_subtype": "partners_with",
  "detected_at": "2026-10-01T07:00:00+00:00",
  "company": {
    "name": "StoneX",
    "domain": "stonex.com"
  },
  "data": {
    "url": "https://www.globenewswire.com/news-release/2026/10/01/3372553/11961/en/stonex-and-cotlook-to-launch-new-otc-cotton-derivatives.html",
    "title": "StoneX and Cotlook to Launch New OTC Cotton Derivatives",
    "excerpt": "NEW YORK, Oct. 01, 2026 (GLOBE NEWSWIRE) -- StoneX Markets LLC (\"SXM\"), a subsidiary of StoneX Group Inc. (NASDAQ: SNEX), has entered into an exclusive licensing agreement with Cotlook to launch a new suite of OTC cotton derivatives, designed to help market participants manage risk in an increasingly globalised cotton market. The first product developed under the partnership will be the Cotlook Brazil Basis Swap , a new risk management tool referencing Cotlook’s internationally recognised cotton pricing benchmarks. The launch comes amid a major shift in global cotton trade flows. Brazil overtook the US as the world's largest cotton exporter in the 2023/24 season, cementing its position as a key supplier to Asian textile manufacturers and an increasingly important influence on global pricing. As Brazil's role has grown, so has the need for more effective risk management solutions. The first OTC cotton derivative will reference the Brazilian component of the Cotlook A Index, helping farming cooperatives, merchants, mills, manufacturers and other cotton market participants better manage and hedge risk. Designed with the needs of the cotton supply chain in mind, it represents a significant enhancement to the tools available for managing price exposure. Antonia Prescott, Managing Director and Editor, Cotlook, commented: “The collaboration with StoneX is an important evolution in...",
    "summary": "StoneX Markets LLC has entered into an exclusive licensing agreement with Cotlook to launch a new suite of OTC cotton derivatives.",
    "location": "New York, New York, USA",
    "planning": true,
    "image_url": "https://ml.globenewswire.com/Resource/Download/7d6b27f8-d5d2-4264-8288-fd51f27b5db4",
    "confidence": 0.9,
    "published_at": "2026-10-01T07:00:00Z",
    "location_data": [
      {
        "city": "New York",
        "state": "New York",
        "region": "Northern America",
        "country": "United States",
        "continent": "Americas",
        "fuzzy_match": false
      }
    ],
    "article_sentence": "StoneX Markets LLC (\"SXM\"), a subsidiary of StoneX Group Inc. (NASDAQ: SNEX), has entered into an exclusive licensing agreement with Cotlook to launch a new suite of OTC cotton derivatives, designed to help market participants manage risk in an increasingly globalised cotton market.",
    "related_company_name": "Cotlook",
    "related_company_domain": "cotlook.com"
  }
}

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