Stern said: "RJO is already a well-respected firm in grains and biofuels. I'm pleased to have the opportunity to help the firm provide a comprehensive offering in ethanol."
Stern joined RJO from SCB Group, a leading interdealer broker that specializes principally in biofuels. He served as co-head of the firm's ethanol desk, where he was instrumental in helping SCB ascend to a leading position in ethanol futures, ethanol options and physical brokering of ethanol. He is particularly well-known for the role he has played in helping the industry develop the futures and options market for ethanol. Prior to his pioneering work with ethanol, Stern spent nine years as a corn options trader on the floor of the Chicago Board of Trade.
About R.J. O'Brien
Founded in 1914, R.J. O'Brien & Associates is the largest independent futures brokerage firm in the United States, serving institutional, commercial and individual clients globally, in addition to a network of 400 introducing brokers (IBs). Clearing more than 80,000 client accounts, RJO services the industry's most expansive global network of IBs, a vast array of middle market firms and many of the world's largest financial, industrial and agricultural institutions. The firm offers state-of-the-art electronic trading and 24-hour trade execution on every major futures exchange worldwide.
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SOURCE R.J. O'Brien & Associates