Business
StoneX to Acquire R.J. O’Brien, Creating a Market Leader in Global Derivatives
Transformational acquisition strengthens StoneX’s position as a leading Futures Commission Merchant (FCM) with a premier global derivatives platformR.J.
About this update from Stonex Group Inc.
[{"type":"text","content":"Transformational acquisition strengthens StoneX’s position as a leading Futures Commission Merchant (FCM) with a premier global derivatives platformR.J. O’Brien is the oldest futures brokerage in the United States, founded in 1914Firms share a complementary focus on client service and prudent risk managementTransaction adds over 75,000 clients and grows StoneX client float to over $13 billionCross-sell opportunities will drive material revenue synergies, particularly in over-the-counter (OTC) derivatives, physical commodity trading, and fixed income productsAcquisition expected to enhance margins, EPS, and return on equityConsolidation of operations expected to drive more than $50mm in expense synergies and unlock at least $50mm in capital synergies NEW YORK, April 14, 2025 (GLOBE NEWSWIRE) -- StoneX Group Inc. (NASDAQ: SNEX) (“StoneX”) today announced that it has entered into a definitive agreement to acquire R.J. O’Brien (“RJO”), the oldest futures brokerage in the U.S., for an equity value of approximately $900 million. The purchase price will be paid in a combination of cash and shares of StoneX common stock. StoneX will also assume up to $143 million of RJO debt. The acquisition significantly strengthens StoneX’s position as a leading FCM and enhances its role as an essential part of the global financial market structure, offering institutional grade execution, clearing, custody, and prime brokerage across all asset classes. With over 110 years of futures and clearing expertise, RJO, through its FCM and global affiliates, supports over 75,000 client accounts and serves the industry’s largest global network of introducing brokers (“IBs”), as well as commercial and institutional clients, and individual investors. As a result of the acquisition, RJO’s clients will benefit from StoneX’s extensive range of markets, products, and services, including an expansive over-the-counter (“OTC”) hedging platform, physical commodities hedging, financing, and logistic services, as well as access to deep liquidity across fixed income products. The acquisition expands StoneX’s client float by nearly $6 billion, adds nearly 300 IBs to its network, and is projected to increase cleared listed derivatives volume by ~190 million contracts annually. RJO brings an attractive financial profile to StoneX, having generated $766 million in revenue and a...