StoneX Group Inc. (NASDAQ:SNEX), the owner of retail FX brands such as FOREX.com and City Index, today announced the continued expansion of its presence in Birmingham, Alabama.

StoneX’s Birmingham location serves as a critical hub for a range of functions that extend well beyond its current wealth-related activities, including securities clearing and core operational infrastructure that support the firm’s global platform.

“Birmingham has long been a meaningful part of our operational footprint,” said Maribeth Williams, Head of Securities Operations at StoneX. “Its deep financial services roots, strong talent base, and supportive business environment make it an ideal location to continue scaling critical operational capabilities that support our global platform.”

StoneX’s roots in Birmingham run deep. The firm’s securities clearing operations in the city have been in place for more than 25 years, providing continuity and institutional knowledge that underpin key aspects of its operations. In addition, its presence builds on the legacy of Sterne Agee, historically one of the largest broker-dealers in the Southeastern United States, with origins dating back to 1901.

“This expansion by StoneX Group Inc. represents an important inflection point for the Birmingham region’s financial services sector. For several years, much of the activity in this industry has been driven by consolidation, but this announcement reflects renewed growth and confidence in our market,” said Mike Bolin, Jefferson County Commissioner. “By adding high-wage jobs tied to global financial markets—including securities, commodities, and foreign exchange—this project strengthens our position as a competitive location for financial services operations.”

Located in Protective Center, the new StoneX office is expected to be 46,000 square feet and includes conference and meeting rooms along with state-of-the-art audio and video capabilities, collaboration areas, and social spaces. The office will hold 310 seats, which will accommodate StoneX’s intended growth of nearly 90 new employees over the next three-to-five years in the location. The building also features a full cafeteria, a coffee shop, fitness center and several large communal meeting spaces.

“The financial sector has long been a significant and defining economic driver for the Birmingham region,” Alabama Department of Commerce Secretary Ellen McNair said. “The expansion of StoneX’s footprint and workforce in Birmingham is further proof of the city’s standing in this market and what it and Alabama can offer companies looking to grow. We congratulate StoneX on its expansion and thank it for its continued partnership.”