RJO Launches Canadian Operation
Winnipeg, February 4, 2010
R.J. O’Brien & Associates (RJO), the largest independent futures brokerage firm in the United States, announced today that it has been admitted to membership in the Investment Industry Regulatory Organization of Canada (IIROC), enabling the firm to open R.J. O’Brien & Associates Canada Inc. in Winnipeg, Manitoba. The regulatory approval marks the first time the nearly 100-year-old firm is operating a subsidiary in Canada.
Robert Dzisiak, Chief Executive Officer and President of RJO Canada, said: “We are ready to begin building our client base here, and we are committed to meeting the risk management and investment needs of institutional, individual and commercial Canadian clients.” Dzisiak has extensive experience in the futures industry in Canada, starting and operating the Canadian operation of several major futures brokerage firms and serving as Chairman of the Winnipeg Commodity Exchange from 2002 to 2003.
Gerry Corcoran, Chief Executive Officer of RJO, said: "We are very pleased to have approval to expand our current offering into Canada as part of our initiative to build our business globally. We’ve seen significant demand for clearing services there, and RJO looks forward to bringing clients in the region our top-of-class service, state-of-the-art technology and comprehensive futures offering."