{"id":5289,"date":"2006-11-15T00:00:00","date_gmt":"2006-11-15T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"r-j-obriens-third-quarter-revenues-increase","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/11\/2006\/r-j-obriens-third-quarter-revenues-increase.html","title":{"rendered":"R.J. O\u00e2\u20ac\u2122Brien&#8217;s Third Quarter Revenues Increase 49%"},"content":{"rendered":"<div>  <em>CHICAGO, November 14, 2006<\/em> &#8212; R.J. O\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2Brien and Associates, Inc. (RJO), the nation\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2s largest independent futures brokerage, announced today that its revenues climbed 49% during the third  quarter of 2006, as compared with third quarter 2005 results.&nbsp; Year-to-date revenues are up 61%.<\/div>\n<div>  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; RJO has achieved strong growth on a consistent basis for more than 10 years.&nbsp; Customer assets just topped $2 billion for the  first time in the firm\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2s 92-year history.&nbsp;<\/div>\n<div>  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; According to Gerald F. Corcoran, CEO, a combination of increased customer demand for futures and derivatives and a firm-wide  commitment to client service has fueled RJO\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2s growth.<\/div>\n<div>  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; \u00c3\u00a2\u00e2\u201a\u00ac\u00c5\u201cRJO\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2s leadership in futures brokerage is predicated on innovation and client satisfaction.&nbsp; We are dedicated to providing  our clients with the very best in both products and services,\u00c3\u00a2\u00e2\u201a\u00ac\u00c2\u009d said Mr. Corcoran.&nbsp; \u00c3\u00a2\u00e2\u201a\u00ac\u00c5\u201cWe continue to build infrastructure as we grow the company to be both scalable and sustainable.&nbsp; We  intend to be around for a very long time.\u00c3\u00a2\u00e2\u201a\u00ac\u00c2\u009d<\/div>\n<div>  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; During the third quarter, RJO has seen growth across-the-board as compared with its third quarter 2005 results. The highlights, as  of September 30, 2006, include:<br \/>  &nbsp;<br \/>  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <strong><u>R. J. O\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2Brien Financial Results  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3Q  2006&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; YTD 2006<br \/><\/u><\/strong>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  Revenues&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49.00%  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 61.00%<br \/>  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Operating  income&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;101.00%&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;101.00%<br \/>  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Clearing  volume&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  &nbsp; 48.90%&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 54.40%<br \/>  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Execution  volume&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28.60%&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  34.60%<br \/>  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Customer  assets&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  $2.0 Billion&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24.31% &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br \/>  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Adjusted net  capital&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$99.7  Million&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16.05%<br \/>  &nbsp;<br \/>  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Customer assets exceeded the $2 billion mark to reach $2.004 billion in 3Q 2006, as compared with $1.613 billion in 3Q 2005.&nbsp;  Customer assets are up 24.31% year-to-date.<\/div>\n<div>  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Colleen Mitchell, President, said RJO\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2s Introducing Broker business has enhanced its overall growth.&nbsp; \u00c3\u00a2\u00e2\u201a\u00ac\u00c5\u201cRJO\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2s total volume has  substantially outperformed the sector.&nbsp; Our growth is attributable to all lines of business across-the-board, including consistent upward momentum with both retail and institutional clients.\u00c3\u00a2\u00e2\u201a\u00ac\u00c2\u009d<\/div>\n<div>  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; RJO has grown nearly 10-fold since 1999 when customer assets were $215 million.&nbsp; In 2005, the firm ranked 15<sup>th<\/sup> in  the annual <em>Futures<\/em> magazine rankings of the \u00c3\u00a2\u00e2\u201a\u00ac\u00c5\u201cTop 50 Brokers\u00c3\u00a2\u00e2\u201a\u00ac\u00c2\u009d in the derivatives industry, due to a 41% increase in 2004 which was topped by a&nbsp; 50% increase in 2005.&nbsp; The firm has  set revenue records in each of the past 10 years.<\/div>\n<div>  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; RJO recently added the Intercontinental Exchange (ICE) to its list of global clearing capabilities and is on track to becoming a  full clearing member of the Sydney Futures Exchange (SFE) by Q1 2007.&nbsp; During 2005, the firm became a clearing member of the EuronextLIFFE and the Eurex exchanges.<\/div>\n<div>  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; R.J. O\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2Brien is the largest independent futures brokerage in the United States.&nbsp; A privately owned Futures Commission  Merchant (FCM), RJO is also one of the oldest futures brokerage firms, dating to 1914.&nbsp;&nbsp; RJO is a founding member of the Chicago Mercantile Exchange and 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). &nbsp;RJO offers the latest in order entry technology coupled with 24-hour execution and clearing on every futures exchange worldwide. RJO services a nationwide network of more than 250  introducing brokers and some of the world\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2s largest financial, industrial and agricultural institutions.&nbsp; For further information, please visit <a href=  \"http:\/\/www.rjobrien.com\/\">www.rjobrien.com<\/a>.<br \/>  &nbsp;<\/p>\n<p>  &nbsp;&nbsp;<br \/>  For further information:<br \/>  &nbsp;<\/div>\n<p>Colleen Mitchell<br \/>President<br \/>R.J. O\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2Brien<br \/>222 South Riverside Plaza, Suite 900<br \/>Chicago, Illinois 60606<br \/>(312) 373-5000<br \/>&nbsp;<br \/>PR Contact:<br \/>Meg Bode<br \/>Bode &amp; Associates, Inc.<br \/>(516) 869-6610<\/p>\n","protected":false},"excerpt":{"rendered":"<p>CHICAGO, November 14, 2006 &#8212; R.J. O\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2Brien and Associates, Inc. (RJO), the nation\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2s largest independent futures brokerage, announced today that its revenues climbed 49% during the third quarter of 2006, as compared with third quarter 2005 results.&nbsp; Year-to-date revenues are [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-5289","post","type-post","status-publish","format-standard","hentry","category-hedgeco-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/5289","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=5289"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/5289\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=5289"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=5289"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=5289"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}