ADM Investor Services, Inc.

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ADMIS-logo-200px.jpg

ADM Investor Services
ADMIS-logo-200px.jpg
Founded 1975
Headquarters Chicago, Illinois, USA
Key People Thomas Kadlec, President
Employees 501-1000
Products brokerage firm, financial services
LinkedIn 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 broad swath of customers including: commercial companies, institutional investors, introducing brokers 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, 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

ADM Investor Services traces its roots back to the 1930's 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 1956, the firm expanded its services to investment banking and stock trading. 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 had faltered. In 1990, ADMIS took on the introducing broker network when Stotler Group Inc. filed for bankruptcy in August 1990.

In 1992, the firm opened its first non-US 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.

And in 2008, ADMIS acquired Iowa Grain Co., a Chicago-based futures commission merchant.[3] [4]

Tom Kadlec replaced longtime ADMIS President Richard Dodson in March of 2010. Dodson retired.[5]

In 2011, ADMIS continued its Asia expansion, opening ADMIS Singapore Pte Ltd. in Singapore.[6]

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 five clearing members in good standing:ABN AMRO, ADM Investor Services, Dorman Trading, FC Stone, R.J. O'Brien & Associates, and Rosenthal Collins Group.[7] By February 2012, ADMIS had picked up a total of $315 million in new accounts since the MF Global bankruptcy, a 13 percent increase.[8]

Over time, the firm expanded well beyond the agriculture markets, adding services in financial futures, as well as metals and energies. It also expanded into the managed futures space and grew its institutional business. ADMIS's customer business grew dramatically since then as measured by segregated customer funds held by the firm, one measure of the size of the broker. 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 US Futures Commission Merchants.[9]

Products and Services

Investor Services

  • Clearing and Execution
  • Research, Market Information, and Trading Recommendations
  • Marketing, Business Development and Lead Support
  • Online Trading Platforms
  • Managed Account Program


Commercial & Institutional

  • Clearing and Execution
  • Research, Market Information, and Trading Recommendations
  • Marketing, Business Development and Lead Support
  • Online Trading Platforms
  • Managed Account Program

Key People

TomKadlec.jpg Thomas R. Kadlec President
KurtJohnson1.jpg Kurt M. Johnson President of Archer Financial Services, Vice President of Business Development
Greg Hostetler.jpg Greg Hostetler Chief Compliance Officer
CatieLee.jpg Catie Lee Director of Marketing

Registration

References

  1. Who we service. ADMIS.
  2. Trading Platforms. ADMIS.
  3. ADM Investor Services, Inc. and Iowa Grain Company Announce Agreement. Press release.
  4. ADM aquires customers, technology of Iowa Grain. Reuters.
  5. ADM Investor Services Announces Leadership Succession. Press release.
  6. ADMIS 50 Years Strong video. ADMIS.
  7. Re: Notification of Post-Relief Transfer Pursuant to Commission Regulations 190.02(a)(2) and 190.06(g)(2)(i). CFTC.
  8. Insight: Two firms flourish in frenzied MF Global aftermath. Reuters.
  9. Historical FCM Reports. CFTC.