StoneX officially became the largest non-bank Futures Commission Merchant (FCM) upon their acquisition of RJO Futures in July 2025. Although the acquisition closed in July 2025, clients are only now starting to experience the operational changes resulting from the merger. In anticipation of questions our investors might ask, here is an overview of the transaction.
History
The acquisition of RJO marks the end of an era for the oldest futures brokerage and clearing firm in the United States...
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