MGEX Announces New Clearing Member: Rosenthal Collins Group, LLC
MINNEAPOLIS, Sept. 24, 2014 /PRNewswire/ -- MGEX, a Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO), is pleased to announce the addition of a new clearing member – Rosenthal Collins Group, LLC (RCG®).
RCG is one of the largest independently owned futures commission merchants (FCMs) in the industry and brings with it more than 90 years of experience serving hedgers, institutional customers, professional traders, individual investors and introducing brokers.
"MGEX is excited to have RCG join our Exchange as a clearing member," said Mark G. Bagan, President & CEO, MGEX. "RCG's distinguished legacy as a futures brokerage and clearing firm make it a great fit with MGEX's current list of clearing members. The addition of RCG confirms MGEX's continued growth in the derivatives industry."
Headquartered in Chicago, RCG wields a global trading presence across North America and beyond.
Scott Gordon, RCG Chairman and Chief Executive Officer, said: "We continually look for new opportunities to add value to our clients and increase the scope of our offerings. We are delighted to become a direct clearing member of MGEX and extend to our clients the benefits of our membership."
More information on MGEX volume and open interest can be found at www.mgex.com.
More information on RCG can be found at www.rcgdirect.com.
About MGEX
MGEX, a Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO), was established in 1881 and is the only market for Hard Red Spring Wheat (HRSW), Apple Juice Concentrate (AJC), National Corn Index (NCI), National Soybean Index (NSI), Hard Red Winter Wheat Index (HRWI), Hard Red Spring Wheat Index (HRSI) and Soft Red Winter Wheat Index (SRWI) futures and options. To learn more about MGEX visit www.mgex.com.
About RCG
With more than 90 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, managed futures services and a full range of electronic trading services to institutional, commercial, professional and retail customers around the globe. The firm has developed its own electronic trading platform, RCG Onyx Plus®, tailored to the needs of its clients. 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 35,000 active accounts and more than 150 correspondent brokerage relationships, RCG cleared and executed more than 160 million contracts in 2013. Further information about Rosenthal Collins Group can be found at www.RCGdirect.com.
SOURCE Rosenthal Collins Group
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