StoneX Financial Europe GmbH (SFEG), a subsidiary of StoneX Group Inc. (NASDAQ:SNEX), today announced the launch of Fat Filled Milk Powder (FFMP), the first contract from a new OTC dairy derivatives suite developed in partnership with global agri-food intelligence platform, Expana, underpinned by their IOSCO Assured EU dairy benchmark prices.

The global dairy industry operates on volatile, interconnected commodity pricing which can shift sharply without warning. For many dairy products, participants have had no direct way to hedge their exposure. Historically, risk was absorbed, managed around, or passed down the chain.

The StoneX–Expana partnership expands the range of tools available to clients for managing dairy price volatility. The first contract is now tradeable, with coverage set to expand across additional dairy products over time.

StoneX customers can access the contracts within their existing trading workflow and can also use StoneX Plus to view and analyse historical FFMP prices and other selected Expana Dairy Benchmarks.

Liam Fenton, Global Head of Dairy & Food Group at StoneX, said:

“This announcement marks a strong foundation for our partnership with Expana, and with additional products already in development, this is just the beginning of a broader collaboration. The introduction of this new suite of OTC dairy derivatives responds directly to our clients’ needs of having direct insights to their risk profiles in an increasingly volatile market.”

Marcel Goldenberg, Co-Chief Market Reporting Officer at Expana, commented:

“This product delivers a price for FFMP that every participant in the market can trust, regardless of which side of the trade they are on and delivers arbitrage opportunities against Skimmed Milk Powder and Vegetable Oils that were previously not available.”