The strategic acquisition will also provide enhancements in equity research and investment banking.  

The Benchmark Company is a full-service investment banking firm which offers a sales and trading platform, equity research, and an investment banking team.   

Jacob Rappaport, global head of equities at StoneX, said: “The acquisition of Benchmark establishes a franchise-level equity research and investment banking platform at StoneX, significantly elevating our equities capabilities. This strategic move strengthens our ability to deliver deep market insights, superior execution, and comprehensive solutions to institutional and commercial clients in global capital markets.” 

StoneX’s acquisition of Benchmark follows the recent completion of its acquisition of Paris-based fixed income brokerage firm, Octo Finances, set to bolster its presence in the asset class.  

Read more: StoneX picks up fixed income brokerage Octo Finances 

Anthony Di Ciollo, global head of fixed income at StoneX, noted that the addition of Benchmark’s research and expertise will enhance its expanding debt capital markets offering.  

“This partnership will leverage our extensive global fixed income distribution network and drive mutual success, delivering even greater value to our clients worldwide,” he added.  

The firms confirmed that Richard Messina, founder and chief executive of Benchmark, will continue in his role and lead the division within StoneX. 

Completion of the transaction is subject to regulatory approval and customary closing conditions. 

“By integrating StoneX’s exceptional capabilities and global reach, we can amplify our legacy platform and drive significant value for our clients,” said Messina.  

“This marks an exciting new chapter of growth for Benchmark, with a shared commitment to accelerating StoneX’s impressive growth trajectory.” 

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