ADM Investor Services, Inc.
| ADM Investor Services | |
| |
| Founded | 1975 |
|---|---|
| Headquarters | Chicago, Illinois, USA |
| Key People | John P. Stott, President |
| Employees | 501-1000 |
| Products | brokerage firm, financial services |
| Profile | |
| Website | admis.com |
ADM Investor Services, Inc. (ADMIS) is a futures commission merchant located in Chicago and a wholly owned subsidiary of Decatur, IL-based Archer Daniels Midland.
The firm has offices in Chicago, New York, London, Hong Kong, Taiwan and Singapore and offers services to a broad swath of customers including: commercial companies, institutional investors, introducing brokers, foreign exchange traders and individual traders. [1]
It is a clearing member of the CME Group, ICE Futures US, ICE Futures Canada, ICE Futures Europe, Minneapolis Grain Exchange, OneChicago, Dubai Mercantile Exchange, CBOE Futures Exchange, Nodal Exchange and NZX Dairy Derivatives Market. It is also a member of NYSE Liffe, Euronext, the London Metal Exchange, ICE Europe and the London Stock Exchange.
The firm offers traditional brokerage services as well as electronic trading platforms called Oak Web, Oak Desktop and APEX.[2]
History[edit]
ADM Investor Services traces its roots back to the 1930s when it was Tabor Grain and Feed Company, a grain merchandising firm. In 1956, the firm expanded its offerings to include investment banking and stock trading services. In 1966, the firm changed its name to Tabor Commodities and became a clearing member of the Chicago Board of Trade. In 1975, the Archer Daniels Midland Company acquired Tabor Commodities and in 1985 changed the name to ADM Investor Services. It is still a wholly owned subsidiary of Archer Daniels Midland Company.
The firm has grown its business organically and has been opportunistic when other futures brokers have faltered. In 1990, ADMIS took on the introducing broker network when Stotler Group Inc. filed for bankruptcy.
In 1992, the firm opened its first non-U.S. office in Taiwan to service customers in Asia. And in 1997, ADM Investor Services acquired MeesPierson Derivatives to create ADM Investor Services International in London, providing the firm with a UK operation.
The firm incorporated Archer Daniels Financial Services into ADMIS's operation in 2003 and opened a Hong Kong office in 2006, with the launch of ADMIS Hong Kong Ltd.[3]
And in 2008, ADMIS acquired Iowa Grain Co., a Chicago-based futures commission merchant. In doing so, it acquired its customers and technology. [4]
Tom Kadlec replaced longtime ADMIS President Richard Dodson, who retired in March of 2010.
In 2011, ADMIS continued its Asia expansion, opening ADMIS Singapore Pte Ltd. in Singapore.[5]
ADMIS was one of the firms that received customer accounts following the bankruptcy of MF Global in 2011. In October of 2011, after MF Global Holding Ltd. declared bankruptcy, CME Group announced that MF Global customer segregated account positions would be transferred to two or more of the following clearing members in good standing: ABN AMRO, ADM Investor Services, Dorman Trading, FC Stone, R.J. O'Brien & Associates, and Rosenthal Collins Group.[6]
Over time, the firm expanded well beyond the agriculture markets, adding services in financial futures, metals and energies and most recently foreign exchange. It also expanded into the managed futures space and grew its institutional business. ADMIS's customer business has grown dramatically since then as measured by segregated customer funds held by the firm. In December 2010, ADMIS reported customer seg funds of $2.49 billion. By the end of 2011, it reported customer seg funds of $3.17 billion. In December 2016, ADMIS reported $4.75 billion in customer seg funds, ranking it among the top 15 U.S. futures commission merchants.[7]
Products and Services[edit]
Investor, Commercial & Institutional Services
- Clearing and Execution
- Research, Market Information, and Trading Recommendations
- Marketing, Business Development and Lead Support
- Online Trading Platforms
- Managed Account Program
Leadership[edit]
John P. Stott, President
Thomas J. Anderson, Senior Vice President
Sean Barry, Senior Vice President, Chief Information Officer
Simta Gupta, Senior Vice President, Head of Global Operations
Greg Hostetler, Chief Compliance Officer
Kurt Johnson, Vice President of Business Development
Registration[edit]
- ADM Investor Services, Inc. - NFA ID 0000360
References[edit]
- ↑ Clients. ADMIS.
- ↑ Trading Platforms. ADMIS.
- ↑ Hong Kong. ADMIS.
- ↑ ADM acquires customers, technology of Iowa Grain. Reuters.
- ↑ ADMIS 50 Years Strong video. ADMIS.
- ↑ Re: Notification of Post-Relief Transfer Pursuant to Commission Regulations 190.02(a)(2) and 190.06(g)(2)(i). CFTC.
- ↑ Historical FCM Reports. CFTC.