Independent North American FCM RJ O'Brien has seen revenues climb 30% during the fourth quarter of 2006, compared with the same period in 2005 as the firm continued to benefit from the firesale of Refco in 2005.
"Yes we still see benefits from the Refco failure. Not only is Refco out of the market, but so is Cargill Investor Services. With these two firms gone, RJO has garnered significant market share and we are experiencing significantly more price stability," CEO Gerry Corcoran told FO Week.
Year end revenues at the firm were up over 50% with customer assets topping...