LONDON, July 23, 2015 /PRNewswire/ -- Chicago-based R.J. O'Brien & Associates (RJO), the oldest and largest independent futures brokerage and clearing firm in the United States, today announced that its London-based affiliate R.J. O'Brien Limited (RJO Limited) was just approved as a clearing member of the London Metal Exchange (LME).
RJO Chairman and Chief Executive Officer Gerald F. Corcoran said: "Joining the London Metal Exchange as a Category 2 member is the latest in a series of long-term growth initiatives for RJO in Europe. We've made significant investments in infrastructure and talented professionals as we continue to enhance our offerings and serve a growing client base."
David Mudie, Chief Executive Officer of R.J. O'Brien in Europe said: "We're delighted to join LME as a CAT 2 member. Offering direct access to base metals at LME, through both voice and electronic execution, is an important part of our strategic expansion as we further round out our product coverage and ensure we are responsive to evolving client needs globally."
About R.J. O'Brien
Founded in 1914, R.J. O'Brien & Associates is the largest independent futures brokerage firm in the United States, serving institutional, commercial and individual clients globally, in addition to a network of 400 introducing brokers (IBs). Clearing more than 100,000 client accounts, RJO services the industry's most expansive global network of IBs, a vast array of middle market firms and many of the world's largest financial, industrial and agricultural institutions. The firm offers state-of-the-art electronic trading and 24-hour trade execution on every major futures exchange worldwide.