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Rosenthal Collins Group (RCG), a leading independent futures clearing firm, today announced that the firm handled record volume for the first quarter of 2008, following a record year in 2007. RCG also established a new record in client equity in the first quarter, with $1.2 billion, a 50 percent increase over $820 million in the previous first quarter.
RCG volume totaled a record 35.3 million futures and options on futures contracts in the first quarter of 2008, an 89 percent increase over volume of 18.7 million contracts in the first quarter of 2007 and a 41% increase over volume of 24.9 million contracts in the 4th quarter of 2007.
Said Scott Gordon, RCG Chairman and Chief Executive Officer: “Our outstanding first quarter performance is an affirmation of the global growth strategy we initiated in the third quarter of 2007. Since that time, we have established important new customer relationships throughout Europe, the Middle East, South America and India. At the same time, we have substantially grown our U.S. business with our unique offering of superior trading technology, personal service and prudent risk management.”
Said Maureen Downs, RCG President: “Our innovative electronic trading platform, RCG Onyx® 2, has been a strong growth driver for the firm, with new users more than doubling in the first quarter. Traders appreciate the speed and reliability of RCG Onyx® 2, particularly in volatile markets, and have widely embraced our recently added charting capabilities.”
About RCG
With more than 80 years of experience in the futures industry, Rosenthal Collins Group
is one of the world’s leading regulated Futures Commission Merchants (FCMs) offering
trading execution, clearing, brokerage, foreign exchange, managed futures programs
and a full range of electronic trading services to a global institutional, professional and
retail customer base. RCG holds clearing memberships on all principal U.S. futures
exchanges and has access to world futures markets through a network of correspondent
relationships. With over 20,000 active accounts and more than 100 correspondent
brokerage firms, RCG cleared more than 88 million contracts in 2007. Further
information about Rosenthal Collins Group can be found at www.rcgdirect.com.
