StoneX Group Inc.

Financial services company StoneX Group Inc. (previously INTL FCStone) is an American financial services company. The company operates in six areas: commercial hedging, global payments, securities, physical commodities, foreign exchange and clearing and execution services (CES). As of 2023[update], the company was ranked No. 59 in the Fortune 500 list of the largest United States corporations by revenue.[citation needed] In July 2020, the company rebranded and changed its name to StoneX Group Inc. History Foundation and early years StoneX Group Inc. began as a door-to-door egg wholesaler that eventually grew into a butter and egg broker known as Saul Stone and Company. Saul Stone fled persecution in his homeland, Russia, and settled in Chicago in 1921. In 1924, Stone started selling farm wares. Eventually, he moved into hedging futures contracts and dealing in a variety of commodity contracts. In 1938, his firm became a member of the Chicago Mercantile Exchange. In 1946 it was incorporated as Saul Stone & Co. Decades later, Saul Stone & Co. merged with Farmer's Commodity Corporation. After the merger, the new company called itself FCStone Group, Inc. IPO in 2007 In 2007, StoneX wen