Chicago-headquartered R.J. O’Brien & Associates (RJO), the oldest and largest independent futures brokerage and clearing firm in the United States, announced Wednesday that its Winnipeg-based Canadian affiliate, R.J. O’Brien & Associates Canada Inc. (RJO Canada), has become a clearing member of the Montreal Exchange (MX) as part of the operation’s continued expansion throughout Canada.

Established in 2010, RJO Canada is also a clearing member of Canada’s other major futures exchange, ICE Futures Canada. Since its launch, the RJO affiliate has more than doubled its staff and opened offices in Toronto, Winnipeg and Calgary.

“We’re excited to add direct clearing membership in MX as part of our value proposition in Canada. In just a few years, we’ve grown our business exponentially here, and we expect to open our first branch office in Montreal next year. We also plan to build on our team of experienced institutional futures brokers, both in Montreal and throughout Canada, while continuing to provide individual and commercial clients with the premier service that’s been a hallmark of RJO for the past 100 years,” said Keith Riddoch, president and CEO of RJO Canada, in a release.