{"id":5740,"date":"2007-02-28T00:00:00","date_gmt":"2007-02-28T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"r-j-obrien-revenues-up-again-poised-to-pursue-acquisitions","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/02\/2007\/r-j-obrien-revenues-up-again-poised-to-pursue-acquisitions.html","title":{"rendered":"R. J. O’Brien Revenues Up Again – Poised to Pursue Acquisitions"},"content":{"rendered":"

HedgeCo.net – CHICAGO<\/em>,<\/em> February 28, 2007<\/em> — 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 30% during the fourth quarter of 2006, as compared with the fourth quarter 2005 results.  Year end revenues are up over 50%.<\/p>\n

\n

            \u00c3\u00a2\u00e2\u201a\u00ac\u00c5\u201cWe accomplished many objectives during 2006 including record revenues, record earnings and record customer assets, all topping any previous quarter or year end result,\u00c3\u00a2\u00e2\u201a\u00ac\u00c2\u009d said Gerald F. Corcoran, CEO.  \u00c3\u00a2\u00e2\u201a\u00ac\u00c5\u201cWe are also well positioned to achieve our 2007 goals which include the completion of several significant acquisitions.” <\/p>\n

  <\/p>\n

            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\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2s 93-year history during the third quarter, and rose to $2.1 billion by year end.  <\/p>\n

             \u00c3\u00a2\u00e2\u201a\u00ac\u00c5\u201cIn addition to operating our core business successfully, we also used 2006 to prepare RJO for future growth,\u00c3\u00a2\u00e2\u201a\u00ac\u00c2\u009d said Ms. Colleen Mitchell, RJO\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2s President.  \u00c3\u00a2\u00e2\u201a\u00ac\u00c5\u201cFor 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.\u00c3\u00a2\u00e2\u201a\u00ac\u00c2\u009d  <\/p>\n

            RJO has grown nearly 10-fold since 1999 when customer assets were $215 million.  In 2006, the firm ranked 14th<\/sup> in the annual 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.  The firm has set revenue records in each of the past 10 years. <\/p>\n

             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.
  <\/p>\n

About R.J. O\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2Brien <\/p>\n

             R.J. O\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2Brien is the largest independent futures brokerage in the United States.  A privately owned Futures Commission Merchant (FCM), RJO is also one of the oldest futures brokerage firms, dating to 1914.   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).  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.  For further information, please visit www.rjobrien.com<\/a>. <\/p>\n

  <\/p>\n

 For further information: <\/p>\n

Colleen Mitchell
President
R.J. O\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2Brien
222 South Riverside Plaza, Suite 900
Chicago, Illinois 60606
(312) 373-5000 <\/p>\n<\/div>\n

PR Contact:
Meg Bode
Bode & Associates, Inc.
(516) 869-6610<\/p>\n","protected":false},"excerpt":{"rendered":"

HedgeCo.net – CHICAGO, February 28, 2007 — 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 30% during the fourth quarter of 2006, as compared with the fourth quarter 2005 results.  […]<\/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-5740","post","type-post","status-publish","format-standard","hentry","category-hedgeco-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/5740","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=5740"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/5740\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=5740"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=5740"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=5740"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}