StoneX stands today as a formidable force in global financial services—but its origins couldn’t be humbler. What began in 1924 as a door-to-door egg wholesaler gradually transformed into a trusted, institutional-grade partner connecting clients to the world’s biggest financial markets.
From Egg Cart to Trading Floor: The Early Years
Founded in 1924 in Chicago by Saul Stone, StoneX started as Saul Stone and Company, selling farm products like eggs and butter directly to households. In 1938, the firm became one of the Chicago Mercantile Exchange’s first clearing members, marking its entry into financial services. Later incorporated as Saul Stone & Co., it eventually merged with Farmer’s Commodity Corporation, becoming FCStone Group, Inc.
Going Public and Strategic Growth
StoneX went public in 2007 and expanded significantly through strategic acquisitions. In 2009, it merged with International Assets Holding Corporation; by 2011 it had consolidated several subsidiaries under the INTL FCStone name. Over the past decades, it has acquired key players—from GAIN Capital (owner of FOREX.com and City Index) to UOB’s futures business, TRX Futures, and energy risk firms—expanding its reach across trading, clearing, and wealth management.
Rebranding to StoneX: A New Era
In June 2020, INTL FCStone officially rebranded as StoneX Group Inc., with its NASDAQ ticker changing to SNEX in July 2020. The new identity reflected its unified, global platform offering execution, clearing, custody, and more across asset classes.
Services That Define StoneX
Today, StoneX connects clients to a vast financial ecosystem, offering:
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Derivatives trading via 40+ global exchanges
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Foreign exchange access to 185 FX markets and payment services in 140+ currencies
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Securities solutions including trading, clearing, custodial, and financing services
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OTC and structured products, including 300 customized OTC offerings
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Physical commodity trading, backed by supply chain and risk-management support
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Capital markets advisory, self-directed investing, and institutional-grade platforms powered by market intelligence
StoneX operates in over 70 offices across six continents, serving 54,000+ institutional and commercial clients, and 260,000+ self-directed clients. The company boasts robust reach and transparency with high regulatory standards.
Celebrating a Century of Legacy
As StoneX entered 2024, it celebrated the centennial of its founding. Reflecting on its journey—from egg carts to global execution platforms—it continues to stay rooted in Saul Stone’s client-first, entrepreneurial ethos. Despite its scale, the company still identifies as a “startup at heart.”
Recent Milestones and Financial Performance
Q2 2025
StoneX delivered strong results:
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Net operating revenue: $487.3 million (+15%)
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Net income: $71.7 million (+35%)
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EPS: $1.41 (+29%)
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ROE: 15.7%
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Closed on strategic acquisitions—including R.J. O’Brien, set to bring $6 billion in client float and 190 million listed contract volumes—and announced Benchmark Company and Bamboo Payments partnerships.
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Revenue: $488.3 million (+4%)
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Net income: $63.4 million
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EPS: $1.22
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ROE: 13.1%
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Completed acquisitions of R.J. O’Brien and Benchmark Company on July 31, 2025.
Stock & Investor Sentiment
StoneX is seeing strong investor traction:
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RS Rating rose to 86 as of August 8, 2025—above the leadership threshold of 80.
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Featured as IBD “Stock of the Day” in late July 2025, approaching new buy points (~$99.08), backed by 16% EPS and 27% sales growth over three years, and global expansion including R.J. O’Brien and Plantureux et Associes acquisitions.
Why StoneX Stands Out
StoneX’s success stems from several strategic advantages:
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Global footprint: Unmatched connectivity across geographies, asset classes, and services.
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Diversified offerings: From retail self-directed investing to institutional capital markets and payments.
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Acquisition-led growth: Bolstering capabilities in derivatives, FX, commodities, payments, and advisory.
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Operational resilience: Strong fundamentals, experienced leadership, and a client-oriented culture.
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Market timing: Benefits from volatility and adaptability to macroeconomic shifts.
Conclusion
From its humble Chicago roots—selling eggs door-to-door—to becoming a modern, Fortune‑ranked powerhouse, StoneX’s century-long journey embodies vision, adaptability, and steadfast client commitment. With strategic acquisitions, global infrastructure, and top-tier financial results, StoneX exemplifies how legacy and innovation can coexist to power sustained growth in the financial markets.
