StoneX Group Inc., a global financial services network, has entered into a definitive agreement to acquire futures brokerage R.J. O’Brien (RJO), while private equity giant KKR will purchase post-trade solutions provider OSTTRA from co-owners S&P Global and CME Group. In both cases, the main driver was the expansion of clients and offerings. RJO to Join StoneX RJO will join StoneX… Read More >>
Futures Industry Honors the Passing of John W. O’Brien, Sr.
There is sad news out of Chicago as officials at futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) report that a former chairman and CEO of the firm, John W. O’Brien, Sr., 68, died Saturday, July 9, after a long illness. “We’re deeply saddened to lose Johnny, my dear friend, our long-time board… Read More >>
RJO Relaunches & Fills President’s Post
RJO Promotes Staniford to President Chicago-based R.J. O’Brien & Associates (RJO), which is generally regarded as the oldest and largest independent futures brokerage and clearing firm in the United States, reports that Daniel Staniford has been named president. Staniford will “act on behalf of RJO and all of its global affiliates and related entities, including… Read More >>
RJO to Streamline ETD Ops via Broadridge
RJO to Be the First Customer on New Platform Futures and clearing broker R.J. O’Brien & Associates (RJO) will be consolidating two separate back-office systems onto one post-trade platform from systems and services provider Broadridge Financial Solutions that will support exchange-traded derivatives (ETD) operations globally. RJO will be the first customer for the platform to… Read More >>
Calpers Chief Investment Officer Abruptly Resigns
Calpers Board to Review the Matter on August 17 Yu (Ben) Meng abruptly resigned from his post as chief investment officer for the approximately $409 billion California Public Employees’ Retirement System (Calpers) pension fund. Meng, whose resignation became effective August 5, became the chief investment officer in January 2019. Calpers has appointed Dan Bienvenue, deputy… Read More >>
NYSE Trading Floor to Reopen May 26
NYSE President Announces Floor Reopening via WSJ The open outcry trading floor of the New York Stock Exchange (NYSE) will partially reemerge “slowly and carefully” on May 26, according to Stacey Cunningham, president of the NYSE, who made the announcement via an opinion piece in The Wall Street Journal, published May 14 The return of… Read More >>
RJO Pays $750K to Settle Client Supervision Case
Futures broker and clearing firm R.J. O’Brien & Associates (RJO) will pay a total of $750,000 — via a $600,000 penalty to the CFTC and a $150,000 fine to the National Futures Association (NFA) — to settle charges that the firm failed to supervise staff members overseeing customer accounts and violated the terms of a… Read More >>
SS&C Adds Key Tools to Geneva & Black Diamond Systems
SS&C Targets Key Client Bases with Expanded Offerings Investment systems, software and services vendor SS&C Technologies has launched an exception management and workflow solution for the Geneva platform that includes exception query tools, workflow configuration, an exception dashboard, a manager dashboard, and task management tools, officials say. The new offering got its official unveiling at… Read More >>
R.J. O’Brien Becomes LME Member
Futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) has announced that its London-based affiliate R.J. O’Brien Ltd. has been approved as a clearing member of the London Metal Exchange (LME), officials say. “Joining the London Metal Exchange as a Category 2 member is the latest in a series of long-term growth initiatives for… Read More >>
RJO Takes a Hosted Leap into Recs Automation
Chicago-based futures brokerage and clearing firm, R. J. O’Brien & Associates (RJO) has gone from manual reconciliation to a hosted system that has allowed staff members to leapfrog into automation, even shrinking one process from a tedious 48-hour effort to minutes, says Jamal Oulhadj, senior managing director and chief risk officer of RJO. Since last… Read More >>
