As part of the initiative, Richcomm has established a new division within its company called Rosenthal Collins Group (Dubai) which will offer Dubai and the Gulf Cooperation Council world class prime commodity services.
Registered with the Dubai Multi Commodities Centre, Richcomm Global is seeking to expand the commodity services operations to cover the Middle East, the sub-continent and Africa.
The Richcomm Global management team has extensive global trading experience in commodities ranging from grains and oilseeds to energy and metals in mature markets like the US and Western Europe and emerging markets like South Africa, India and China.
"This is a major strategic objective for Richcomm to deliver world class commodity risk management service in Dubai for the fast growing UAE institutional and professional stakeholders and expand its reach across the GCC, the sub-continent and Africa," said Paresh Kotecha, Chief Executive Officer of Richcomm Global.
"After considering various options, we believe that in Rosenthal Collins Group, we have found a firm that shares our excitement and enthusiasm in this fast developing capital and commodity trading centre that not only serves the UAE but functions also as the global gateway to India, the Middle East and African opportunities."
"We are excited to meet the growing demand for futures and commodity-related products traded on the local exchanges in this important region of the world." said Scott Gordon, Chairman and Chief Executive Officer of RCG.
"We look forward to working with Richcomm in reaching out to institutional, professional and individual clients in the region as part of the strategic growth plans we are implementing globally."
Richcomm Global Services clients will benefit from a comprehensive commodity risk management solution under one roof which would include hedging operations utilizing world class technology and clearing and execution services with over 100 years of management expertise in Dubai.
Richcomm Global Services DMCC announces an initiative with Rosenthal Collins Group LLC to deliver world class commodity risk management services in Dubai
- United Arab Emirates: Wednesday, September 19 - 2007 at 10:16
- PRESS RELEASE
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Richcomm Global Services DMCC, a leading commodity risk management and advisory company and broker registered with the Dubai Gold and Commodity Exchange (DGCX), announced an initiative with Rosenthal Collins Group (RCG), a leading independent futures clearing firm.
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Posted by Lara Lynn Golden, News EditorWednesday, September 19 - 2007 at 10:16 UAE local time (GMT+4)
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About Richcomm Global Services DMCC
Richcomm Global Services DMCC has an experienced management team, with extensive experience in all the major global commodity exchanges, including emerging markets where they have a strong association, and a successful relationship with one of the leading commodity futures brokers based in South Africa trading as B&P Group Financial Services as well as Equity and Financial Derivatives brokerage house trading as Afrifocus Securities. Both these organizations are members of the Johannesburg Securities Exchange
About Rosenthal Collins Group LLC
With more than 80 years of experience in the futures industry, Rosenthal Collins Group, LLC is one of the world's leading regulated Futures Commission Merchants (FCMs) offering trading execution, clearing, brokerage, foreign exchange, managed futures programs and a full range of electronic trading services to a global institutional, professional and retail customer base. 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 $4 billion in assets, over 20,000 active accounts and more than 100 correspondent brokerage firms, RCG clears more than 70 million contracts per year.
Further information on both companies can be found at www.richcommglobal.com and www.rcgdirect.com.
Address: Level 41, Emirates Towers, Sheikh Zayed Road, Dubai, UAE
Postal Address: PO Box 31303, Dubai, UAE
Tel: (9714) 3199277
Fax: (9714) 3199315
Website: www.richcommglobal.com
Richcomm Global Services DMCC is a registered broker of the Dubai Gold and Commodities Exchange (DGCX)
Richcomm Global Services DMCC has an experienced management team, with extensive experience in all the major global commodity exchanges, including emerging markets where they have a strong association, and a successful relationship with one of the leading commodity futures brokers based in South Africa trading as B&P Group Financial Services as well as Equity and Financial Derivatives brokerage house trading as Afrifocus Securities. Both these organizations are members of the Johannesburg Securities Exchange
About Rosenthal Collins Group LLC
With more than 80 years of experience in the futures industry, Rosenthal Collins Group, LLC is one of the world's leading regulated Futures Commission Merchants (FCMs) offering trading execution, clearing, brokerage, foreign exchange, managed futures programs and a full range of electronic trading services to a global institutional, professional and retail customer base. 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 $4 billion in assets, over 20,000 active accounts and more than 100 correspondent brokerage firms, RCG clears more than 70 million contracts per year.
Further information on both companies can be found at www.richcommglobal.com and www.rcgdirect.com.
Address: Level 41, Emirates Towers, Sheikh Zayed Road, Dubai, UAE
Postal Address: PO Box 31303, Dubai, UAE
Tel: (9714) 3199277
Fax: (9714) 3199315
Website: www.richcommglobal.com
Richcomm Global Services DMCC is a registered broker of the Dubai Gold and Commodities Exchange (DGCX)
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