R.J. O'Brien & Associates Canada Inc. Joins Montreal Exchange, Expands

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Sep 10, 2014, 11:00 ET

MONTREAL, Sept. 10, 2014 /PRNewswire/ -- R.J. O'Brien & Associates (RJO), the oldest and largest independent futures brokerage and clearing firm in the United States, announced that its Canadian affiliate, R.J. O'Brien & Associates Canada Inc. (RJO Canada), has become a clearing member of the Montreal Exchange (MX) as part of the operation's continued expansion throughout Canada.

Established in 2010, RJO Canada is also a clearing member of Canada's other major futures exchange, ICE Futures Canada. Since its launch, the RJO affiliate has more than doubled its staff and opened offices in Toronto, Winnipeg and Calgary.

Keith Riddoch, President and Chief Executive Officer of RJO Canada, said: "We're excited to add direct clearing membership in MX as part of our value proposition in Canada. In just a few years, we've grown our business exponentially here, and we expect to open our first branch office in Montreal next year. We also plan to build on our team of experienced institutional futures brokers, both in Montreal and throughout Canada, while continuing to provide individual and commercial clients with the premier service that's been a hallmark of RJO for the past 100 years."

About R.J. O'Brien

Celebrating its centennial year 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 (IB). 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 futures exchange worldwide.

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SOURCE R.J. O'Brien & Associates