StoneX acquires US clearing dealer R.J. O’Brien

StoneX is about to procure the worldwide companies of US clearing dealer R.J. O’Brien & Mates (RJO). 

Gerry Corcoran

The merger is anticipated to be finished in Q3 2025 and marks crucial step for StoneX because it seeks to offer higher get entry to to liquidity in mounted source of revenue markets.  

StoneX is about so as to add over 75,000 of RJO’s shopper accounts following the purchase, together with agents, business and institutional shoppers and person traders, who will likely be given get entry to to quite a lot of markets, services corresponding to StoneX’s over-the-counter (OTC) hedging platform.  

The transfer may be set to extend StoneX’s shopper drift through virtually $6 billion, with transparent indexed derivatives quantity projected to extend through 190 million contracts every year. 

Leader government and chairman of RJO, Gerry Corcoran, will proceed in a senior management position with StoneX as a part of the purchase. 

“Along with all of the merchandise we provide lately, our shoppers and agents could have a plethora of latest services throughout asset categories to be had at their fingertips, bringing significant new buying and selling and hedging alternatives,” stated Corcoran. 

“On the similar time, our organisation will have the benefit of new efficiencies, premier applied sciences, and bigger enlargement doable.” 

StoneX’s merger with RJO follows contemporary acquisitions of funding banking company, The Benchmark Corporate and Paris-based mounted source of revenue brokerage company, Octo Funds previous this yr.  

Learn extra: StoneX provides funding banking functions with acquisition of The Benchmark Corporate 

Sean O’Connor, government vice-chair of StoneX, stated: “It is a transformational transaction for StoneX, organising us as a number one world derivatives clearing company and reinforcing our place as an integral a part of the worldwide marketplace construction throughout asset categories. 

“Combining R.J. O’Brien’s in depth shopper community and confirmed clearing functions with StoneX’s deep liquidity, leading edge OTC hedging answers, and main chance control infrastructure, we’re well-positioned to proceed to ship remarkable services and products, broader marketplace get entry to, and industry-leading buying and selling answers to our blended shopper base.”