R.J. O'Brien and Associates, Inc. (RJO), the nation's largest independent futures brokerage, announced today that its revenues climbed 30% during the fourth quarter of 2006, as compared with the fourth quarter 2005 results. Year end revenues are up over 50%.
"We accomplished many objectives during 2006 including record revenues, record earnings and record customer assets, all topping any previous quarter or year end result," said Gerald F. Corcoran, CEO. "We are also well positioned to achieve our 2007 goals which include the completion of several significant acquisitions."
RJO has enjoyed strong growth on a consistent basis for more than 10 years. Customer assets topped $2.0 billion for the first time in the firm's 93-year history during the third quarter, and rose to $2.1 billion by year end.
"In addition to operating our core business successfully, we also used 2006 to prepare RJO for future growth," said Ms. Colleen Mitchell, RJO's President. "For example, we recently completed the acquisition and integration of the JWH Global Trust, a public commodity pool with over $125 million in customer assets, and we opened our first sales office in New York."
RJO has grown nearly 10-fold since 1999 when customer assets were $215 million. In 2006, the firm ranked 14th in the annual Futures magazine rankings of the "Top 50 Brokers" in the derivatives industry. The firm has set revenue records in each of the past 10 years.
RJO added the Intercontinental Exchange (ICE) to its list of global clearing capabilities during 2006 and is on track to becoming a full clearing member of the Sydney Futures Exchange (SFE) during 2007.
© 2018 R.J. O'Brien & Associates Canada Inc
Futures trading involves substantial risk, may result in serious financial loss, and is not suitable for everyone. Any trading decisions that you may make are solely your responsibility, and none of the content on this site should be taken as a personal recommendation or substitute for your own judgment. R.J. O’ Brien & Associates Canada only conducts business in jurisdictions where registered or where an exemption or exclusion from such registration exists.
The following notices apply to the use of the R.J. O'Brien & Associates Canada Inc. (“RJOC”) website. The Information on this website is provided for informational purposes only. No part of the website should be taken to constitute an offer or solicitation to buy or sell any particular product or service unless otherwise stated. All products and service offerings are restricted to registered jurisdictions of R.J. O'Brien & Associates Canada Inc.
The website may contain links to other websites. These links are provided as references to help you identify and locate other Internet resources that may be of interest. These other websites are independently developed by parties other than RJOC, and RJOC does not assume responsibility for the accuracy or appropriateness of the information contained at, nor endorse the viewpoints expressed at, such websites.
While the information on our website is believed to be accurate at the time it is posted, RJOC cannot give any assurance that such information is accurate, complete or current at all times. This information is subject to change without notice, and as such, RJOC will not be held liable for inaccuracies in the information presented.