StoneX Group Inc. (SNEX) has completed its acquisition of R.J. O’Brien, the oldest independent futures brokerage in the U.S. RJO manages over 75,000 client accounts and recorded $766 million in revenue in 2024. StoneX now provides clients access to major global derivatives exchanges and aims for $50 million in expense reductions post-acquisition. The merger creates a combined 200 years of expertise, expanded global infrastructure, and access to new services like OTC hedging and commodity trading. SNEX closed at $97.24 on NasdaqGS. RJO CEO Gerry Corcoran is optimistic about maintaining the firm’s client-focused culture with added resources from StoneX.

Read more at NASDAQ: StoneX Finalizes RJO Acquisition, Becomes Largest U.S. Non-Bank Futures Commission Merchant