Rosenthal Collins Group LLC
|WATCH: Scott Gordon in Daily Reports: Tell Us Where The Money Is on MarketsWiki.tv (February 2013)|
|Rosenthal Collins Group, LLC|
|Key People|| Leslie Rosenthal, Founder & Managing Member|
J. Robert Collins, Founder & Managing Member
Scott Gordon, Chairman and CEO
Maureen C. Downs, President
|Products||RCG Onyx Plus, Futures Trading, Clearing and Brokerage Services|
Rosenthal Collins Group LLC (RCG) is a Chicago-based independent futures commission merchant (FCM) that has been in the business for more than 85 years. RCG offers services from trade execution through settlement, including electronic trading and floor-based trade execution services, as well as brokerage, managed futures, clearing, settlement and post-trade support offerings.
RCG has over 16 branches. RCG offers tailored solutions and client services, in addition to customer support.
Rosenthal Collins Group traces its roots to the formation of Greene and Collins in 1923 as a clearing member at the Chicago Board of Trade. The firm merged with John S. Morris & Co. in 1977 to form Collins Commodities, and in 1988, Collins Commodities merged with Rosenthal & Co - started in 1970 by Leslie Rosenthal who is known to have been one of the driving forces behind the creation of the first financial futures contract the GNMA - to form Rosenthal Collins Group. Today, RCG focuses on high-speed electronic trading and technology innovation within the futures industry.
Some of the highlights include:
1958 - Leslie Rosenthal (RCG principal) becomes a member of the Chicago Board of Trade.
1968 - J. Robert Collins (RCG principal) elected president of the MidAmerica Commodity Exchange.
1970 - Rosenthal & Co. is founded by Leslie Rosenthal (RCG principal) as a clearing member of the Chicago Board of Trade to serve financial and agricultural customers.
1977 - J. Robert Collins (RCG principal) becomes chairman of Collins Commodities after merger with John S. Morris & Co.
1982 - National Futures Association founded for industry self-regulation. Leslie Rosenthal (RCG principal) is a founding member.
1988 - Rosenthal Collins Group forms from merger of Collins Commodities and Rosenthal & Co.
1998 - Scott Gordon (RCG chairman and CEO) elected chairman of the Chicago Mercantile Exchange.
2004 - Scott Gordon, former chairman of the Chicago Mercantile Exchange, is appointed President and CEO of RCG.
2005 - Leslie Rosenthal (RCG principal) named to FIA Futures Hall of Fame.
2005 - RCG launches its very own designed and developed front-end futures trading platform, RCG Onyx®.
2007 - RCG achieves record annual volume of 88.5 million contracts.
2008 - RCG achieves new record in client equity of $1.6 billion.
2009 - RCG launch a powerful suite of trading tools that include RCG RiskHunter™, RCG Onyx WebTrader and RCG Onyx RiskWatcher.
2009 - Maureen C. Downs (RCG president) elected to the board of directors of the National Futures Association.
After MF Global Holding Ltd. declared bankruptcy in late October 2011, CME Group announced that MF Global customer segregated account positions would be transferred to two or more of the following five clearing members in good standing: ABNAMRO Chicago Clearing, ADM Investor Services, Dorman Trading, FC Stone, R.J. O’Brien & Associates, and/or Rosenthal Collins Group.
In July of 2012, Rosenthal Collins Group announced that, in an effort to further increase transparency for its customers and the public, the firm would provide a daily update on how RCG invests its customers funds. Available at www.RCGdirect.com, a chart described the allocation of customer segregated funds between the various instruments in which the firm invests.
John Lothian News Interviews
Daily Reports: Tell Us Where The Money Is
In the months and days since MF Global’s collapse and the Peregrine Financial Group’s fraud, some have argued simply for more transparency from futures commission merchants (FCMs). Scott Gordon, chairman and CEO of Rosenthal Collins Group, said his firm publicly discloses how customer funds are being invested and held by the firm.
In Rosenthal Collins' case, the firm reports its cash deposits held at US banks, funds held in US Treasury securities, as well as its how much is being held by clearing houses and clearing brokers and US banks. This type of transparency could be the difference in building customer trust or losing it. Published Feb. 12, 2013.
Products and Services
RCG is a direct clearing member of all major U.S. futures exchanges and has access to global markets through a network of correspondent relationships. Its trading capabilities encompass futures and options on futures, as well as expertise in the global cash foreign exchange markets.
RCG offers its own electronic futures trading platform, RCG Onyx Plus®, several other multiple front-end applications, and a variety of industry standard solutions for automated trading and risk management. Its services are backed up by an off-site data center that provides infrastructure redundancy for business continuity.
- RCG Onyx Plus® - the downloadable application for futures trading;
- RCG Onyx Plus WebTrader - trade anytime from anywhere with an internet connection;
- RCG Onyx Riskwatcher – RCG tool for real-time monitoring and management of client futures trading risk;
- RCG FIX API – connectivity and data for futures trading systems;
- Algorithmic Trading/DMA – direct market access solutions for automated futures trading;
- RCG Server Hosting Solutions – leveraging RCG’s technology infrastructure for custom futures trading platforms;
- RCG Prysm – the futures trading tool for give-up execution, internal trade allocations and automated average pricing on multiple fills;
- RCG RiskHunter - providing electronic risk management across all exchanges around the clock;
- RCG Passport – allows real-time monitoring of online futures trading accounts;
- RCG Archive – online access to historical daily and monthly futures trading statements.
- Rosenthal Collins Group - NFA ID 0000756
- ↑ Biography. RCG.
- ↑ Financial Stability. RCG.
- ↑ Trading Tools. RCG.
- ↑ Company Timeline. RCG.
- ↑ Re: Notification of Post-Relief Transfer Pursuant to Commission Regulations 190.02(a)(2) and 190.06(g)(2)(i). CFTC.
- ↑ Daily Reports: Tell Us Where The Money Is. MarketsWiki.tv.
- ↑ Exchange Memberships. RCG.
- ↑ RCG Futures Trading. RCG.