R.J. O’Brien and Associates, the largest independent futures brokerage in the US, says customer assets were up 50% on a year ago by the end of the first quarter of 2006, and up from $1.7 billion at the end of last year to $1.9 billion.
CEO Gerald F. Corcoran expects growth to continue, and not only organically. “RJO is poised for continued expansion,” he says. “Our infrastructure is solid, and we continue to build scale and attract quality clients. We are now ready to actively pursue strategic acquisitions.”
RJO has grown nine-fold since 1999, when customer assets were $215 million. The firm has set revenue records in each of the past 10 years.
RJO, a founding member of the Chicago Mercantile Exchange, is a full clearing member of the Chicago Board of Trade (CBOT); the New York Mercantile Exchange (NYMEX and COMEX divisions); the New York Board of Trade (NYBOT); Eurex AG; Eurex US; EuronextLIFFE; and Intercontinental Exchange (ICE).