Chicago-based R.J. O’Brien & Associates, LLC (RJO), a leading independent futures brokerage and clearing firm in the United States, today announced that its London-based affiliate R.J. O’Brien Limited (RJO Limited) has received approval to become a clearing member of the London Metal Exchange (LME).
The move is an important step for the strategic expansion of RJO in Europe.
RJO Chairman and Chief Executive Officer Gerald F. Corcoran commented:
“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.”
To view the official press release, click here.