R.J. O'Brien Surpasses $1 Billion in Assets

R.J. O'Brien Surpasses $1 Billion in Assets CEO Corcoran cites significant growth in retail, institutional and agri-business sectors

Chicago, January 12, 2005 - R.J. O'Brien and Associates, Inc. (RJO), one of the oldest and largest futures commission merchants, announced today that its customer assets grew to more than $1.1 billion in 2004, a 40 percent annual increase.

RJO, recently ranked as the 19th largest broker by Futures magazine (Dec.
2004), will record more than $145 million in revenue this year, a 30 percent increase over 2003, according to CEO Gerald F. Corcoran.

"Last year was a period of tremendous growth for R.J. O'Brien," Corcoran said. "We've seen significant expansion in our retail, institutional and agri-business segments. In addition, our acquisition of Harmonic Investment Management is helping us meet a rapidly growing customer demand for alternative investment products."

Harmonic, based in Memphis, TN., provides management and advisory services of alternative investment products to institutional and private clients on a global basis. Its funds include Harmonic Overture, the Tempo Fx Fund, and the Sciens Fund of Hedge Funds.

During 2004, RJO also became a clearing member firm of Eurex A.G., the world's largest futures exchange based in Frankfurt, Germany, and it plans to be a clearing member of the Euronext-Liffe markets in London by the second quarter of 2005.

RJO has grown dramatically in the Futures magazine rankings of the TOP 50 BROKERS, published annually - from 27th in 1999 when RJO had $215 million in customer assets to 19th in 2004. In five years, the number of Introducing Brokers that RJO serves has grown from 169 to 200.

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