Rosenthal Collins Group (RCG), a leading independent futures clearing firm, today announced that the firm achieved record monthly volume in January 2008 and record annual volume in 2007. RCG also established a new high in client equity in January 2008, exceeding $1.0 billion.
RCG volume reached a record 88.5 million futures and options on futures contracts in 2007, a 28 percent increase over volume of 69.3 million contracts in 2006. For the month of January 2008, RCG volume was 11.8 million contracts, a 60 percent increase over 2007 average monthly volume of 7.4 million contracts and a 23 percent increase over the previous monthly record of 9.6 million contracts, set in November 2007.
RCG attracted more clients than ever in 2007, with a greater level of client assets than any time in the firm’s more than 80-year history.
Said Scott Gordon, RCG Chairman and Chief Executive Officer: “We attribute the strong recent growth to a variety of factors, including our continued focus on meeting our clients’ risk management and trading needs with tailored solutions; our position as a leader in electronic trading; the investments we’ve made to enhance our technological infrastructure even further; and the successful 2007 introduction of our RCG Onyx® 2 trading platform and the RCG Onyx® API, which have provided state-of-the-art technology and easy-to-manage tools to individuals and firms alike.”