A Katten team led by Partner Matthew Kluchenek is advising R.J. O'Brien & Associates (RJO), the oldest futures brokerage and clearing firm in the United States, on financial regulatory matters in connection with its sale to global financial services network StoneX Group Inc. The Katten team includes Partners Susan Light, Richard Marshall, Carolyn Jackson and Nathaniel Lalone, along with Associate Alexander Kim. Katten appreciates the opportunity to team with deal counsel, Mayer Brown, and Paul Crimmins and Jennifer Keating in particular.
Founded in 1914, RJO, through its futures commission merchant (FCM) and global affiliates, serves the industry's largest global network of introducing brokers (IBs), commercial and institutional clients, and individual investors.
The sale is expected to close in the third quarter of this year, pending regulatory approvals and customary closing conditions. The combined firm, StoneX, will become one of the leading FCMs in the United States while enhancing its role in the global financial market structure.
"R.J. O'Brien Agrees to Acquisition by StoneX Group," PR Newswire, April 14, 2025
"StoneX to Acquire R.J. O'Brien, Creating a Market Leader in Global Derivatives," GlobalNewswire, April 14, 2025