Stonex Group Inc Stock Price, News & Analysis

StoneX Group Inc. (NASDAQ: SNEX) has achieved a significant milestone as its New York vault receives CME Group approval as a Registered Depository for gold, silver, platinum, and palladium under COMEX and NYMEX contracts. This makes StoneX one of only 11 approved depositories in the United States and the only non-bank futures commission merchant (FCM) with such capabilities.

The approval enables direct delivery and storage of CME-eligible metals through StoneX's facility, arriving during a period of record physical metal inflows, with COMEX inventories exceeding 43 million ounces of gold in Q1 2025. The New York vault complements StoneX's existing operations in London and Frankfurt, strengthening its global metals infrastructure.

This development enhances StoneX's vertically integrated precious metals platform, offering clients comprehensive services from trade execution and inventory hedging to physical settlement, serving institutional traders, banks, refiners, and bullion dealers.

StoneX Group (NASDAQ: SNEX) has reached a definitive agreement to acquire R.J. O'Brien & Associates (RJO), the oldest futures brokerage and clearing firm in the United States. The merger, expected to close in Q3 2025, will create a leading futures commission merchant (FCM) in the U.S.

StoneX, a Fortune 100 company with a market capitalization of over $3.5 billion and operations across six continents, will integrate RJO's global businesses. The combination aims to enhance their position in global financial market structure by combining RJO's client network and clearing capabilities with StoneX's liquidity, OTC hedging solutions, and risk management infrastructure.

RJO's CEO Gerry Corcoran will continue in a senior leadership role at StoneX. The O'Brien family, RJO's majority shareholders, will become major shareholders in StoneX. Broadhaven Capital Partners serves as RJO's exclusive financial advisor, with Mayer Brown LLP as legal advisor.

StoneX (NASDAQ: SNEX) has announced a transformational acquisition of R.J. O'Brien (RJO), the oldest U.S. futures brokerage, for approximately $900 million in equity value. The deal includes $625 million in cash and 3.5 million shares of StoneX common stock, with StoneX also assuming up to $143 million of RJO debt.

The acquisition significantly strengthens StoneX's position as a leading Futures Commission Merchant (FCM), adding over 75,000 client accounts and growing StoneX's client float to over $13 billion. RJO generated $766 million in revenue and approximately $170 million in EBITDA during calendar 2024.

Key benefits include:

• Expected expense synergies exceeding $50 million
• Capital synergies of at least $50 million
• Increase in cleared listed derivatives volume by ~190 million contracts annually
• Addition of nearly 300 introducing brokers to StoneX's network

StoneX Group Inc. (NASDAQ: SNEX) has launched a new shell egg contract utilizing a global Price Reporting Agency (PRA) benchmark, marking a significant development in commodity risk management. The innovative contract enables egg producers, buyers, and food industry participants to manage price risk and address market volatility.

The offering combines StoneX's expertise in commodity risk management with an IOSCO-assured Shell Egg benchmark, enhancing pricing transparency and supply chain stability. This development is particularly noteworthy given StoneX's historical roots as an egg wholesaler founded in 1924 by Saul Stone.

According to Ryan Turner, Regional Director of Kansas City Ag at StoneX, this initiative addresses customers' needs for stable pricing in unpredictable market conditions. Dave Smoldt, President of StoneX's US/Canada Commodities Division, emphasized the contract's role in reinforcing the company's position as a market leader in global financial services.

StoneX Group Inc. (NASDAQ: SNEX) and Bamboo Payment Systems have formed a strategic partnership to enhance cross-border payment services in Latin America, including an undisclosed investment by StoneX. The collaboration combines StoneX Payments' extensive forex capabilities and 385-bank correspondent network with Bamboo's regional payment infrastructure.

StoneX Payments operates in over 180 countries with settlement capabilities in 140+ currencies. Bamboo's platform connects to 600+ local banks, supporting 200+ payment methods across 11 Latin American countries, serving 500+ clients and partners.

The partnership aims to deliver improved FX pricing, more reliable settlement, better acceptance rates, and enhanced cash flow efficiency for global merchants and financial institutions operating in Latin America. The transaction remains subject to regulatory approval.

FalconX and StoneX have made history by executing the first-ever block trade of CME Group's newly launched Solana (SOL) futures product. This milestone showcases FalconX's leadership in institutional cryptocurrency derivatives trading and highlights growing institutional adoption of digital assets.

The launch of SOL futures by CME Group addresses increasing institutional demand for regulated access to digital assets beyond bitcoin and ether. The new product offers investors capital-efficient ways to manage exposure, execute hedging strategies, and expand crypto portfolios within a compliant trading venue.

As a key liquidity provider for CME Group's cryptocurrency derivatives suite, FalconX continues to connect institutional investors with cryptocurrency products in a secure, regulated environment.

StoneX Group Inc. (NASDAQ: SNEX) has announced the acquisition of The Benchmark Company, , a full-service investment banking firm. The strategic move aims to enhance StoneX's capabilities in equity and debt capital markets, particularly strengthening its equity research and investment banking services.

Benchmark, headquartered in New York City with nationwide operations, brings over 35 years of experience in client service, market access, and industry expertise. The firm's Founder and CEO, Richard Messina, will continue leading the division within StoneX.

The acquisition will establish a franchise-level equity research and investment banking platform at StoneX, leveraging Benchmark's research capabilities and StoneX's global distribution network. The transaction, which is subject to regulatory approval and customary closing conditions, is expected to enhance service delivery to institutional and commercial clients in global capital markets.

StoneX Group CEO Philip Smith discussed significant gold market dynamics on Sky News Arabia, highlighting a major pricing disconnect between New York futures and London OTC physical markets, ranging from $25-30 per ounce, down from December's $60 high. Smith revealed an unprecedented physical gold movement into the US, estimating over 2,000 tons in the past 7-8 weeks.

The CEO attributed market disruptions to uncertainty over Trump's tariff policies, which are creating a "disproportionate and distorting effect on gold prices." StoneX's UK Market Analyst, Fawad Razaqzada, suggested that Trump's aggressive fiscal policies and protectionist stance could delay Federal Reserve rate cuts, potentially supporting bond yields and creating headwinds for gold.

StoneX's Precious Metals division, offering services including physical trading, financial derivatives, and storage, is positioned to assist institutions lacking direct access to physical gold during these market disruptions.

StoneX Group (NASDAQ: SNEX) announced its Payments Division will sponsor and present at the 2025 BAFT Europe Bank-to-Bank Forum in Amsterdam. The company will showcase its institutional-grade infrastructure that facilitates international payments across 140 currencies and 180 countries.

StoneX Payments leverages a network of nearly 400 correspondent banks to provide seamless currency flows, competitive pricing, and full principal protection. David Willacy, Head of Trading EMEA – Payments FX, will present on cross-border FX transactions in emerging and lesser-traded currencies on March 11, 2025.

The company aims to help financial institutions address growing demands for faster, lower-cost international transactions, focusing on eliminating inefficiencies and ensuring seamless cross-border payments in hard-to-access markets.