R.J. O’Brien & Associates, the oldest futures brokerage and clearing firm in the United States, announced that its parent company has reached a definitive agreement with StoneX Group (SNEX) to merge all of RJO’s global businesses into StoneX, subject to regulatory approvals and customary closing conditions. Upon the closing of the transaction, anticipated in the third quarter of this year, the combined firm will become a leading futures commission merchant in the U.S., enhancing its role in the global financial market structure.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SNEX:
- StoneX Group Grants Shares to Executive Sean O’Connor
- StoneX Group: Positioned for Growth with Robust Market Strategy and Favorable Valuation
- StoneX Group initiated with an Outperform at William Blair
- Upcoming Stock Splits This Week (March 24 to March 28) – Stay Invested
- StoneX Group, Bamboo Payment partner to expand cross-border payment coverage