Independent North American FCM RJ O'Brien has seen revenues
climb 30% during the fourth quarter of 2006, compared with the
same period in 2005 as the firm continued to benefit from the
firesale of Refco in 2005.
"Yes we still see benefits from the Refco failure. Not only
is Refco out of the market, but so is Cargill Investor
Services. With these two firms gone, RJO has garnered
significant market share and we are experiencing significantly
more price stability," CEO Gerry Corcoran told FO
Year end revenues at the firm were up over 50% with customer
assets topping $2bn for the first time in the firm's 93-year
history during the third quarter, rising to $2.1bn by the end
of the year.
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