R.J. O'Brien & Associates Taps New Head of FX

US-based independent futures brokerage and Clearing Clearing Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. Th Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. Th Read this Term firm, R.J. O'Brien & Associates has appointed Tony Dalton as the newest Head of its Foreign Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term division, according to a recent Reuters report.

In his new role as the Managing Director and Head of FX at R.J. O'Brien & Associates, Mr. Dalton will be based out of the group’s New York Office, helping manage the group’s US FX clientele.

Prior to joining R.J. O'Brien, Mr. Dalton worked in a variety of senior level roles at Bank of America Merrill Lynch (BAML), dating back to 2012, principally as its Managing Director. Additionally, he has also held positions at ABN AMRO and Barclays Bank Plc.

Earlier this year in March, RJ. O’Brien & Associates promoted Senior Managing Director and Chief Risk Officer Jamal Oulhadj to the role of Chief Operating Officer. Mr. Oulhadj was strategically placed to oversee firm’s global risk operations, credit and information technology (IT) capabilities, and a variety of other management operations.

RJO is based out of Chicago and is the oldest and largest independent futures brokerage and clearing firm in the United States. The group has seen its retail FX funds fall abruptly by nearly double digits in May, which toppled -9.48% MoM from April, according to the Commodity Futures Trading Commission’s (CFTC) Retail Foreign Exchange Dealers’ (RFED) data.