MINNEAPOLIS, MINNESOTA, U.S. — MGEX announced on Sept. 24 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 and chief executive officer (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, Illinois, U.S., RCG has a global trading presence across North America and beyond.
Scott Gordon, RCG chairman and CEO, 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.”