R.J. O'Brien & Coquest Announce OTC Energy Joint Venture.Energy Editors/Business Editors CHICAGO & DALLAS--(BUSINESS WIRE)--April 7, 2004 R.J. O'Brien (RJO RJO Remote Job Output ), one of the oldest and largest independent Futures Commission Merchants, and Coquest Structured Products, Ltd. (Coquest), an over-the-counter Energy Risk Management firm, today announced the formation of a new Joint Venture, RJO/Coquest Structured Products, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control . The venture will introduce over-the-counter energy risk management products and services to RJO's commercial energy customer base in North & South America, in addition to maintaining Coquest's existing domestic customer base. Gerry Corcoran, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of RJO, will be Chairman of the joint venture, with John Vassallo of Coquest serving as President, and Norman L. Young of Coquest as Vice President . "We are very excited about the long term growth potential in this unique joint venture, and proud to be working with a well-respected company like Coquest," said Corcoran. "Partnering with RJO, which is known for its strength and integrity, will help us bring a new level of service to the energy community," said Mr. Vassallo. The company will initially have offices in Chicago, Dallas and Houston. RJO/Coquest Structured Products began business on March 1. About R.J. O'Brien Founded in 1914, R.J. O'Brien is a privately owned Futures Commission Merchant (FCM FCM See: Futures commission merchant FCM See futures commission merchant (FCM). ), and one of the oldest and best-known independent futures brokerage firms in the industry. RJO is a founding member of the Chicago Mercantile Exchange Chicago Mercantile Exchange (CME) Chicago Mercantile Exchange (CME) is the largest futures exchange in the United States and the second largest exchange in the world for the trading of futures and options on futures. , a full clearing member of the Chicago Board of Trade Chicago Board of Trade (CBOT) The second largest futures exchange in the US, and a pioneer in the development of financial futures and options. , New York Mercantile Exchange New York Mercantile Exchange (NYMEX) The world's largest physical commodity futures exchange. , Commodity Exchange of New York and the New York Board of Trade. RJO offers the latest in order entry technology coupled with 24-hour execution and clearing on every futures exchange worldwide. RJO services a nationwide network of over 195 introducing brokers and some of the world's largest financial, industrial and agricultural institutions. About Coquest Structured Products Coquest Inc., a registered commodities broker, was formed in 1990 by John Vassallo and Dennis Weinmann, and has evolved to offer numerous risk management services to the oil and gas community. Coquest Structured Products (Coquest), was established in 1998 to offer risk management services and related structured products, primarily to small and mid-sized oil and gas producers, and operators, refiners and end-users. The company was formed as a result of a combination of efforts by John Vassallo, Dennis Weinmann, and Norman L. Young, who had previously headed up the marketing of energy derivatives for Torch Energy Marketing, Inc., and EOTT EOTT Eye of the Tiger EOTT End of Toll Trunking EOTT Enron Oil Trading & Transportation Energy Corp, as Director of Risk Management Services. |
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