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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 RJO in Europe,” says RJO Chairman and CEO Gerald F. Corcoran, in a statement. “We’ve made significant investments in infrastructure and talented professionals as we continue to enhance our offerings and serve a growing client base.”
The move will allow RJO Limited to give customers better access to metals futures.
“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,” says David Mudie, CEO of R.J. O’Brien in Europe, in a statement.
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