CME Group Unveils Revamped Executive Team

CME Group has announced a number of key appointments across its Executive team, including no less than eight new personnel moves across the group’s technology, operations and Clearing Clearing Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. Th Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. Th Read this Term divisions.

The new moves include:

Bryan T. Durkin, Chief Commercial Officer (COO) – Mr. Durkin will assume a newly created role at CME Group, where he will support and develop the group’s global client base. He has been COO of CME Group since 2007, having spend over 30 years with the company.

Kim Taylor, President – Ms. Taylor has been elevated to the role of President of Global Operations, Technology & Risk, where she will lead all of the company's operational functions worldwide. These include, among others, trading and clearing – the composition of her team is as follows.

• Julie Holzrichter (COO)
• Kevin Kometer, Chief Information Officer,
• Sunil Cutinho, President
• Derek Sammann Senior Managing Director, Commodity and Options Products
• Sean Tully, Senior Managing Director, Financial and OTC Products
• Robert Zagotta, Senior Managing Director, Strategy & Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term