StoneX Completes Acquisition of R.J. O'Brien, Becoming the Largest Non-Bank FCM in the United States and Enhancing Global Multi-Asset Capabilities
1. StoneX acquires R.J. O'Brien, enhancing its market position in derivatives. 2. RJO generated $766M revenue, boosting SNEX's client base and float. 3. Integration aims for $100M in synergies and expanded product offerings. 4. SNEX becomes the largest non-bank Futures Commission Merchant in the U.S. 5. Expected to enhance margins and returns for StoneX stakeholders.